Future Generali Life Term Insurance FAQs

Yes! Term plans at Future Generali feature varied options for premium payment so that policyholders can choose what’s best for them. You can easily choose to pay premium monthly, quarterly or even annually.

Yes! You can cancel your term insurance plan and return the policy to Future Generali within the free look period of 15 days of policy receipt. The free look period is 30 days if the policy has been purchased through distance marketing mode.

Maturity benefit/survival benefit is available only under TROP (Term plan with Return of Premium) plans. Under TROP plans, maturity benefit is only provided at the end of the policy term if the policyholder survives the policy term.

No! Any changes in policy after its purchase are not allowed.

The Future Generali India Life Insurance policy claim amount belongs to the legal heirs of the insured person. The nominee is only a trustee of the legal heirs.

No, there cannot be an assignee in Future Generali India Life Insurance policy because these insurance policies are not assignable.

If all the documents are in order, Future Generali India Life Insurance decides on the claim within ten days.

Generally, the claimant has to produce the original document of Future Generali India Life Insurance policy. However, if the policy is misplaced or lost, the claimant can submit an affidavit and execute an indemnity bond along with two sureties. The decision of the company is final under such circumstances.

The claim settlement ratio for Future Generali Life Insurance for the financial year 2019-20 was 95.28%.

If you want to buy term insurance cover, keep in mind that the ideal amount to go for would depend on your monthly income, family lifestyle, members in your household amongst others. In general, having 20-25 times of annual income is advised.

Future Generali Life Insurance offers Future Generali Flexi Online Term Plan, Future Generali Care Plus, Future Generali Jan Suraksha, Future Generali Express Term Life Plan, and Future Generali Saral Jeevan Bima.

Future Generali provides Future Generali Flexi Online Term Plan online.

Future Generali India Life Insurance Term insurance policies do not have maturity amounts. Hence, you do not stand to gain anything if you outlive the policy term. However, some insurance companies provide an option where you get your premiums back. You can also opt to cover your terminal illness. However, the annual premium under all these circumstances is higher.

The insurer should be between 18 and 55 years for the Future Generali India Life Insurance basic coverage plan. If you opt for the income protection plan, your age should be between 25 and 55 years.

You get 30 days of grace time under the annual premium payment plan and 15 days grace in the monthly premium plans. If you miss paying the premium during the grace period, your Future Generali India Life Insurance policy can lapse.

The nominee can claim the insurance money in a Future Generali India Life Insurance term insurance plan.

Tobacco consumers have to pay a higher premium for Future Generali India Life Insurance term insurance than tobacco non-consumers.

Yes, Future Generali India Life Insurance term insurance premium rates for income protection plans are higher than those of the basic life cover products.

You can stretch your Future Generali India Life Insurance term insurance to the maximum of 28 years for basic life cover and 45 years for income protection plans. The maximum age should not exceed 75 years at maturity.

You can go up to the maximum that you can afford. It is because the Future Generali India Life Insurance term insurance policy can lapse if you are unable to pay the premium.