Future Generali India Life Insurance
Claim Settlement Ratio | 94.86% |
Customer Care | 24x7 Available |
Death Benefit Paid For | 1,089 Policies |
Inception | 2007 |
Presence | 136 Branches |
Total Death Benefit Paid | Rs. 44.90 Crore |
Set up as a joint venture between Future Group, Generali Group, and Industrial Investment Trust Limited, Future Generali India Life Insurance works to protect and enhance people's lives actively. This life insurance company has a wide presence in India, with 136 branches spread across the major cities.
In a short span of 13 years since its inception in 2007, Future Generali India Life Insurance has covered the lives of more than 1.20 crore people. The 95.28% claim settlement ratio for 2019-20 makes this group one of the best performing life insurance companies in India. The company offers an exciting range of insurance plans to cater to the requirements of every section of society.
Future Generali India Life Insurance has won a spate of awards in different categories since its inception. Some of the recent awards are the “Golden Peacock National Training Award 2020” bestowed on its SMART Academy, “Chief Strategy Officer Summit & Awards 2020" for excellence in strategic planning at the 2nd edition of Chief Strategy Officer Summit & Awards in 2020. Besides, Future Generali India Life Insurance won the People Capital Index Award for the 3rd time in a row in 2019.
Types of Future Generali India Life Insurance Plans
Future Generali India Life Insurance has an excellent bouquet of life insurance plans on its palate.
1. Term Insurance Plans: Term Insurance plans are gradually becoming popular because of the various uncertainties in life today. The best aspect of Future Generali India Life Insurance plans is that they can be purchased at your convenience online.
2. Health Insurance Plans: Future Generali India Life Insurance offers two good health insurance plans to protect you and your family from financial insecurities due to rising healthcare costs.
3. Savings Plans: Savings plans have a dual benefit. Besides ensuring a return on income, these plans insure your life, thereby securing you and your family financially. Besides, you get tax benefits on investing in such insurance plans.
4. Child Plans: With education costs increasing by the day, investing in Future Generali India Life Insurance child plans should be the perfect launching pad for your child towards a bright career.
5. Retirement Plans: Retirement plans help to secure your life after you retire from your occupation. Besides, you get guaranteed returns on your investments along with the facility of life insurance.
6. Unit Linked Plans: Future Generali India Life Insurance offers exciting Unit-linked insurance plans that allow you to create wealth while enjoying the benefits of insurance simultaneously.
7. Group Plans: Future Generali India Life Insurance has introduced three exciting group plans that provide death and critical illness cover to borrowers, superannuation, and the group leave encashment.
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FAQs
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What types of riders do Future Generali India Life Insurance policies offer?
Future Generali India Life Insurance policies offer beneficial riders like accidental death and total or permanent disability coverage.
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Does Future Generali India Life Insurance offer facilities for calculating the insurance premium?
Future Generali India Life Insurance offers facilities of calculating the amount of life insurance premium, depending on your income levels, age, and existing as well as future obligations.
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What is the fundamental difference between Future Generali India Life Insurance term policies and endowment policies?
Future Generali India LifeTerm insurance policies offer large sums assured for nominal premiums but do not have a maturity amount. Endowment plans offer a lump sum amount at the maturity of the life insurance policy. It also provides life cover until the maturity of the plan.
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What is the unique feature of the Future Generali India Life Insurance health policy?
Future Generali India Life Insurance also offers cancer coverage to people who smoke.