Future Generali Flexi Online Term Plan
Future Generali India Life Insurance
Our Verdict
For individuals prioritizing robust financial security for their families, the Future Generali Flexi Online Term Plan presents a compelling proposition. Its affordability, coupled with customizable payout options and a suite of relevant riders—including critical illness, disability, and accidental death benefits—allows for tailored protection. This plan particularly suits those in their earning years seeking a comprehensive yet accessible online term insurance solution.
About the Plan
The Future Generali Flexi Online Term Plan is a pure term insurance plan offering financial security for your loved ones. It provides flexible coverage options, including a lump sum payout or an income protection benefit. The plan is affordable, with premiums starting at ₹4,223 per year for a ₹1 Crore cover. It offers flexible premium payment modes and is easily purchasable online. With this plan, you ensure your family's financial stability, even in your absence, through comprehensive life cover options.
About the Plan
Eligibility
• Entry Age :
18 to 65 years
• Maximum Maturity Age :
99 years
• Policy Term :
5 to 99 years (Whole life option available)
• Minimum Sum Assured :
₹50,00,000
• Premium Payment Term :
Single, Limited, or Regular Pay
• Premium Payment Frequency :
Monthly, Half-Yearly, or Yearly
• Citizenship :
Indian residents and NRIs (subject to underwriting)
Eligibility
Features of the Product
Fixed income protection
A fixed Monthly amount on your death is paid to your family till you would have attained 60 years of age or 120 months from the date of death, whichever is higher
Total Permanent Disability Payout
The Future Generali plan offers a Total Permanent Disability rider, providing a lump sum and/or income if an accident causes lasting disability. Eligibility requires medical confirmation and a 180-day persistence.
Inflation Protection Coverage
Future Generali's inflation protection comes via an "Increasing Income Protection" option. This feature boosts monthly payouts, often by a set percentage yearly, to counteract rising living costs for beneficiaries.
Premium Payment Customizations
Future Generali Flexi Online Term Plan offers flexible premium payments: single, limited, or regular. You can choose payment frequency (yearly, half-yearly, monthly).
Exclusions
Death due to suicide within the first 12 months of policy inception or revival.
Participation in hazardous activities, adventure sports, or unlawful acts.
Death due to drug abuse, alcohol consumption, or self-inflicted injuries.
Pre-existing conditions not disclosed at the time of policy issuance.
War, terrorism, or civil commotion-related fatalities.
Death resulting from radioactive contamination or nuclear exposure.
HIV/AIDS or sexually transmitted diseases.
Non-disclosure or misrepresentation of material facts at the time of policy purchase.
Exclusions
Accidental Death Benefit Rider - Provides an additional lump sum payout to the nominee if the policyholder’s death occurs due to an accident, ensuring enhanced financial security.
Critical Illness Rider - Pays a lump sum amount upon diagnosis of specified critical illnesses such as cancer, heart attack, or stroke, helping cover medical expenses and treatment costs.
Total and Permanent Disability Rider - Offers financial protection by providing a lump sum payout if the policyholder becomes permanently disabled due to an accident or illness, ensuring income stability.
Waiver of Premium Rider - Waives all future premiums if the policyholder suffers from total and permanent disability or is diagnosed with a covered critical illness, keeping the policy active.
Terminal Illness Benefit Rider - Provides an advance payout if the policyholder is diagnosed with a terminal illness, helping with medical expenses and easing financial burdens for the family.
Add-ons
If you are a woman
Lower premiums for women.
If you smoke
Higher premiums for smokers.
Note :
Grace period : 30 days for yearly modes, 15 days for monthly mode.
Free look period : 30-day free look period to review and return the policy.
Suicide Clause: Suicide within 12 months: nominee gets 80% premiums or surrender value.
Still Confused ?
Why OneAssure?
We guide your loved ones every step of the way to ensure they receive the full benefit of their coverage.
About the Company
Future generali India life insurance company Ltd. was established in 2006, It is a joint venture between Generali group and future group. Presently, Generali is the largest shareholder in the company with a stake of 73.99% in the company.
The Generali group, founded in 1831, is a prominent international asset management and insurance firm with offices in more than 60 nations.
Future Generali India provides a wide range of insurance products, such as life, house, auto, and health insurance, in addition to customised options for rural communities and enterprises. Offering value-added services like wellness programs and telecounseling together with full coverage is its main goal.
To provide families and businesses with financial security, the organisation blends innovation with customer-focused services. With a dedication to clear and easily accessible insurance solutions, its products are centered on long-term security and cover topics including wealth-building, retirement, savings, and child education.