Future Generali India Flexi Online Term Life Insurance Plan and Policy - The term plan from Future Generali Life Insurance offers flexible coverage options. It allows individuals to create their own plan which can be either a Fixed Income Protection + Basic Life Cover plan from Future Generali Life Insurance or an Increasing Income Protection + Basic Life Cover policy.
Under this Flexi Online Term Plan, an insured can choose between fixed income protection and increasing income protection. In the former case, the nominees receive a fixed income per month until a time an insured would have reached 60 years of age. Under the increasing income protection option from Future Generali Life Insurance, the nominees receive an increased sum of money over a period to guard against any rise in costs. The insured has an option to opt for both basic cover as well the income protection cover under this Future Generali Life Insurance term plan. Opting for such a plan will ensure the nominees receive a lump sum benefit under the basic cover as well as regular monthly payments.
The entry age for Future Generali Life Insurance Basic Life Cover is 18 to 55 years while for the Income Protection, it is 25 to 55 years. Maturity age for the Basic Life Cover starts from 28 years and goes up to 65 years for smokers and 75 years for non-smokers. The income protection plan has a maturity age of 45 to 65 years. The policy term can range from 10 years to 65 (smokers) and 75 (non-smokers) years for the basic cover.
The Death Sum Assured shall be the higher of:
Where Sum Assured is equal to
|BASIC LIFE COVER||INCOME PROTECTION|
|Entry Age (as on last birthday)||18 - 55 years||25 - 55 years|
|Maturity Age||Minimum:||28 years||Minimum:||45 years|
|Maximum:||Smoker: 65 years
Non – Smoker: 75 years
|Policy Term||Minimum:||10 years||Minimum:||10 years (subject to minimum maturity age of 45 years)|
|Maximum:||Smoker: 65 years minus Entry Age
Non-smoker: 75 years minus Entry Age
|Maximum:||65 years minus Entry Age|
|Basic Life Cover|
|Minimum Lump Sum Payout : Rs. 50,00,000||Maximum Lump Sump Payout: No Limit|
|Fixed Income Protection||Increasing Income Protection|
|Premium Payment Term||Equal to the Policy Term for all options|
|Premium Payment Frequency||Monthly/Annual|
Future Generali Flexi Online Term Plan UIN 133N058V02
If your due premium remains unpaid at the end of the grace period, the policy shall lapse and no life cover will be provided to you during lapse period. You can revive the policy within 2 years from the date of last unpaid premium. The policy will be terminated for no value at the end of revival period.
SURRENDER VALUE - NIL
PAID UP VALUE - NIL
REVIVAL PERIOD - If due premiums are not paid during the grace period, the policy may be revived during the Policy Term within a period of two years from the due date of ﬁrst unpaid premium. The revival will be considered on receipt
A written application from the policyholder along with the proof of continued insurability of the life assured as speciﬁed by the Company from time to time and
NOMINATION AND ASSIGNMENT
Nomination, in accordance with Section 39 of Insurance Act, 1938, is permitted under this policy.
Assignment, in accordance with Section 38 of Insurance Act, 1938 is permitted under this policy.
If you commit suicide within one year from the policy inception date, the plan will be void and only 80% of the premiums paid will be payable as death beneﬁt. If you commit suicide within one year from the revival date of the plan, if revived, only 80% of the premiums paid till the date of death , will be payable as Death Beneﬁt.
FREE LOOK CANCELLATION:
You have a period of 15 days (30 days if the policy is sold through Distance Marketing Mode) from the date of receipt of the Policy document to review the terms and conditions of the Policy. If you are not satisfied with or disagree with any of the terms and conditions, you have the option to Cancel/withdraw and return the Policy along with a letter (dated and signed) stating your intention to cancel the Policy and reasons for the objections/Cancellation, within this period. Cancellation of Policy and refund of premium is allowed under this provision, whereby the amount payable on such cancellation will be equal to the total premium paid less a proportionate cost of insurance for the period of cover and expenses towards Policy stamp duty and medical examination, if any.
Future Generali India Term Protection Life Insurance Plans and Policy
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|Future Generali India Assure Plus|
|Future Generali India Triple Anand Advantage|
|Future Generali India New Saral Anand|
|Future Generali India New Assure Plus|
|Future Generali India Easy Invest Online Plan|
|Future Generali India Dhan Vridhi|
|Future Generali India Wealth Protect Plan|
|Future Generali India Bima Advantage Plus|
|Future Generali India Bima Gain|
|Future Generali India Pramukh Nivesh ULIP|
|Future Generali India Big Income Multiplier|
|Future Generali India Pearls Guarantee|
|Future Generali India Assured Income|
|Future Generali India Saral Bima|
|Future Generali India Assured Money Back|
|Future Generali India Assured Education|
|Future Generali India Child Plans|
|Future Generali India Assured Education|
|Future Generali India Retirement Plans|
|Future Generali India Retirement|
|Future Generali India Pension Guarantee|
|Future Generali India Immediate Annuity|