Future Generali Care Plus Plan
Future Generali India Life Insurance
Our Verdict
Future Generali Care Plus is ideal for individuals seeking affordable term insurance with flexible coverage options. It offers rebates for high sums assured but lacks maturity benefits, making it best for pure risk protection.
About the Plan
The Future Generali Care Plus is a term life insurance plan designed to provide financial protection to your family at affordable rates. It offers two options: Classic for sum assured up to ₹24,99,999 and Premier for ₹25,00,000 and above. The plan provides flexibility in choosing the policy term and premium payment term, with a minimum of 5 years for both. In the unfortunate event of the life assured's death during the policy term, the nominee receives a death benefit, ensuring financial security. Additionally, the plan offers large sum assured rebates, making higher coverage more economical. Premiums paid are eligible for tax benefits as per prevailing tax laws.
About the Plan
Eligibility
• Entry Age :
18 to 60 years
• Maximum Maturity Age :
65 years
• Policy Term :
5 to 30 years
• Minimum Sum Assured :
₹10,00,000 for Classic Option; ₹25,00,000 for Premier Option
• Premium Payment Term :
Regular Pay
• Premium Payment Frequency :
Yearly, Half-Yearly, or Monthly (ECS only)
• Citizenship :
Indian residents
Eligibility
Features of the Product
Terminal Illness
The Future Generali Care Plus plan provides coverage for terminal illness, ensuring financial security if the policyholder is diagnosed with a terminal condition. Upon diagnosis, a lump sum payout is provided to help manage medical expenses and financial obligations
Total Permanent Disability Payout
The Future Generali Care Plus plan provides financial protection in case of Total Permanent Disability (TPD). If the policyholder suffers a total and permanent disability due to an accident, the plan may offer a payout to help manage expenses and maintain financial stability.
Premium Payment Customizations
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.
Participation in military, naval, or air force operations leading to death.
Non-disclosure or misrepresentation of material facts at the time of policy purchase.
Exclusions
Accidental Death - The Future Generali Care Plus plan provides an Accidental Death Benefit to offer financial protection in case of the policyholder’s accidental demise. In such an event, the nominee receives the Sum Assured as per the policy terms.
Critical Illness - The Future Generali Care Plus plan offers a Critical Illness Benefit as an optional rider, providing financial protection if the insured is diagnosed with a covered critical illness. Upon diagnosis, a lump sum payout is provided to help cover medical expenses. Covers major illnesses such as cancer, heart attack, stroke, kidney failure, and more (subject to policy terms).
Add-ons
If you are a woman
The Future Generali Care Plus plan offers benefits for women, including lower premiums for non-smokers, optional critical illness coverage for female-specific conditions, maternity-related add-ons, and flexible premium payment options for financial security.
If you smoke
The Future Generali Care Plus plan offers lower premium rates for non-smokers, rewarding a healthy lifestyle with cost savings while ensuring comprehensive life coverage and financial security for their loved ones.
Note :
Suicide Clause : The Future Generali Care Plus plan includes a suicide clause, stating that if the life insured dies due to suicide within 12 months from the date of policy commencement or revival, the nominee will receive 80% of the total premiums paid till the date of death or the surrender value, whichever is higher. This clause is applicable only if the policy is active at the time of death.
Free look up period: The Future Generali Care Plus plan offers a free look-up period of 30 days from the date of receiving the policy document (electronic or physical). If the policyholder is not satisfied with the terms and conditions, they can return the policy for cancellation by stating the reasons.
Grace Period: The Future Generali Care Plus plan provides a grace period of 30 days for yearly, half-yearly, and quarterly premium payments and 15 days for monthly mode. During this period, the policy remains active with full coverage, ensuring no lapse in benefits. If the premium is not paid within the grace period, the policy may lapse, and benefits may cease.
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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.