Compare & Buy Car, Bike and Health Insurance Online - InsuranceDekho
Track & Policy DownloadLogin

Future Generali India Life Insurance T&Cs

Here are the general terms and conditions of the Future Generali India Life Insurance Term Insurance Policy.

1. Policy Termination: The payment of premium ceases on the basic contingent of the event happening during the policy. On paying the claim, no further premium is required to be paid.

2. Grace Period: The grace period in the Future Generali India Life Insurance policy varies on the basis of your premium payment. If the premium is paid on an annual, half-yearly and quarterly basis, then the grace period for renewal is 30 days. If the premium payment is done on a monthly basis, then the grace period provided is 15 days. For all the Unit Linked Insurance Plans (ULIP) the grace period provided is 75 days.

3. Free-Look Period: Policyholders are allowed to return the insurance policy to the insurance company within a 30-day free-look period if they disagree with any of its features or terms and conditions. In such cases, the policyholders are required to appeal for cancellation, stating their objections.

4. Change in Premium Mode: Policyholders can change the premium payment mode from annual to monthly or from monthly to annual. However, the monthly premium amounts can be paid only by Electronic Clearing System (ECS). The change in the mode of premium payment can be altered at any time during the term of the policy.

5. Rebates or Discounts: Future Generali India Life Insurance does not offer any rebates, directly or indirectly to any person for sourcing the policy. The commission paid to insurance agents is out of the purview of this condition.

6. Nomination: The policyholder can make a nomination under this term loan insurance policy before the expiry date of the policy. The nominee can receive the policy benefits on the death of the policyholder. If the nominee is a minor, the policyholder has to appoint another major person to act on behalf of the nominee. If the nominee dies before the policy has expired, the policyholder can change the nominee. If the nominee dies, and the policyholder is also not there to make changes, or due to some other reasons, the changes cannot be made then the legal heir of the nominee or the succession certificate holder will receive all the policy benefits.

7. Jurisdiction: The Future Generali India Life Insurance term insurance policy is subject to Indian law.

8. Taxation: Service tax and other taxes payable for the basic policy and rider benefits will be charged separately by the company. All the implied taxes by the government have to be paid by the policyholder with his premium. The premium up to Rs. 1,50,000/- is exempted from income tax under section 80 C of the Income Tax Act. The benefits reaped from the policy is also exempted from income tax under section 10 D of the Income Tax Act.

9. Grievance Redressal: The policyholder should follow the stipulated grievance redressal mechanism in the case of any disputes.

10. Currency: All amounts payable by and to the policyholder will be in Indian rupees.

11. Switch: Under the plans of Future Generali India Life Insurance, policyholders are allowed to make twelve free switches every policy year. Making more than the allowed number of switches in a policy year can make you penalise with Rs. 100 for every switch. However, unused free switches are not allowed to be carried forward.

Term Life Insurance Premium Calculator

Gender

  • Male
  • Female

Date of Birth

calendericon

Do you smoke or chew tobacco?

  • Yes
  • No

Choose required coverage to secure your family’s future

50L
1Cr
1.5Cr
2Cr
Disclaimer :
1. Premium has been calculated for coverage till 60 years
2. Eligibility depends on income, occupation and educational qualification

Life Insurance News

User Reviews

Write your review
What users are saying
  • All
  • A Plan with a Reasonable Price

    The reason why I decided to buy the Future Generali Life Insurance Plan from InsuranceDekho was that this plan was reasonably priced. I used the online calculator feature at the InsuranceDekho website to find the premium of this Future Generali life insurance plan.

    S
    Future Generali
    By Shubham Singla
    On: Dec 26, 2023
  • Smooth claim settlement proces...

    I bought Future Generali Dhan Vriddhi plan from InsuranceDekho a while ago and I had to apply for a claim. I contacted InsuranceDekho’s customer care team for assistance and they helped apply the claim only. 

    C
    Future Generali
    By Chakshu Surati
    On: Feb 07, 2023
  • Quick process

    It hardly took 5 minutes when I was buying the Future Generali Wealth Protect Plan from InsuranceDekho. The entire process happened in a breeze and I literally faced no problem during the process, all thanks to the InsuranceDekho team. 

    S
    Future Generali
    By Shreya Dikshit
    On: Jan 23, 2023
  • I was guided by experts

    The InsuranceDekho guided me when I was buying the Future Generali Wealth Protect plan with them. They even provided valuable suggestions and made it so much easier for me to buy the Future Generali Wealth Protect plan with InsuranceDekho.

    N
    Future Generali
    By Noor Zehra
    On: Oct 13, 2022
  • A wide range of plans was avai...

    The moment I made up my mind for buying a life insurance plan, the first thing I did was that I started exploring all the available plans so that I can pick the best one for myself. I compared over 10 life insurance plans and eventually purchased the IndiaFirst Smart Save plan from InsuranceDekho. 

    S
    Future Generali
    By Shivani Suman
    On: Aug 22, 2022

Best Insurance Advisors in Your City.