Future Generali Cancer Protect Plan
- Reduce taxable income by up to Rs. 1,50,000 deduction under section 80C**
- Convenient payment options - annual, half-yearly, quarterly or monthly premium payments
- Do more with plans that offer pure protection, retirement planning and investment options
The Future Generali Cancer Protect Plan offers great protection while fighting against cancer. There are various types of cancer that are being diagnosed on a daily basis. It has become pretty common now and the only way by which we can reduce the risks is being prepared for it. Medical science has advanced, you beating cancer has become easy now. The Future Generali Cancer Protect Plan takes care of the high treatment costs needed for cancer. You will not have to give up on any of your aspirations and dreams when you are covered under the Future Generali Cancer Protect Plan.
Eligibility – Who is the Future Generali Cancer Protect Plan for?
In order to be eligible for the Future Generali Cancer Protect Plan, an individual has to fulfil specific eligibility criteria with respect to his/her age and the sum of insurance he/she is looking for. These conditions are mentioned below:
| Parameters | Criteria for eligibility |
| Minimum age at entry for major lives | 18 years |
| Maximum age at entry for major lives | 65 years |
| Minimum age at entry for minor lives | 1 year |
| Maximum age at entry for minor lives | 17 years |
Sum Assured and Premium Range – What you get and what it costs?
Sum Assured – It is the amount that is given to the family or nominee of the insured person in the vent of the unfortunate death of the insured, permanent disability or critical illness. The sum assured under the Future Generali Cancer Protect Plan for major lives are Rs.10 lakh, Rs.20 lakh, Rs.30 lakh and Rs.40 lakh. The sum assured under the Future Generali Cancer Protect Plan for minor lives is Rs.10 lakh.
| Sum Assured for Major lives | Rs.10 lakh, Rs.20 lakh, Rs.30 lakh, Rs.40 lakh |
| Sum Assured for Minor lives | Rs.10 lakh |
Premium – It is the amount that is paid by you at one go or regular intervals to keep the policy alive and active. Under Regular Premium payment mode, you can choose to pay the premiums monthly or annually. However, under the Single Premium payment mode, you can choose to pay the entire premium amount at one go. For Major lives, the policy payment frequency that you may choose under Regular Premium payment mode are 10 years, 15 years, 20 years and 80 years minus the entry age. In case of Minor lives, the premium payment frequency is 10 years or 18 minus entry age, whichever is more. The maximum coverage age stands at 80 years. In case of Single Premium payment mode, the policy term is 5 years.
| Policy term and premium payment frequency (Regular Premium payment mode) |
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| Policy term and premium payment frequency (Single Premium payment mode) | 5 years |
| Regular Premium payment mode | Monthly and annual. |
| Single Premium payment mode | One time only. |
Disclaimer - Premiums may vary depending upon factors like location, term of the plan, age, etc.
Plan Coverage – What the Future Generali Cancer Protect Plan covers?
| Minor Stage Cancer | Minor Stage Cancer includes the following things:
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| Major Stage Cancer | A malignant tumour that is characterised by uncontrolled growth and spread of the malignant cells with destruction and invasion of the normal tissues. This particular diagnosis should be backed up by the malignancy’s histological evidence. A pathologist must confirm it too. Lymphoma, Leukaemia and Sarcoma are included under Cancer. |
Exclusions – What the Future Generali Cancer Protect Plan does not cover?
No benefit will be paid under the Future Generali Cancer Protect Plan for major cancer, early state cancer, Carcinoma In Situ or CIS, indirectly or directly resulting from or contributed or caused by the following (in part or whole):
- HIV, AIDS or Sexually Transmitted Diseases.
- Pre-existing conditions.
- Congenital conditions.
- Intoxication by narcotics or alcohol or drugs that has not be prescribed by any registered medical practitioner.
- NBC or Nuclear, biological or chemical combination.
The following diseases are excluded under the major stage cancer:
- Tumours that show malignant changes of CIS or Carcinoma In Situ and the tumours that are histologically defined as non-invasive or premalignant. These include cervical dysplasia, CIS of breasts, etc.
- Skin cancer except invasive malignant melanoma.
- All prostate tumours unless classified histologically as having Gleason score more than 6 or progressed to clinical TNM.
- Chronic lymphocytic leukaemia that is lower than the RAI stage 3.
- Thyroid’s papillary micro-carcinoma.
- Micro-carcinoma of bladder.
- All tumours that are affected by HIV infection.
Other Key Features - Freelook Period, Surrender Values, Grace Period etc.
| Free look period | In case you do not like the terms and conditions of the Future Generali Cancer Protect Plan, you can return the policy within a period of 15 days. However, you must state your objections and the reasons for it. Free look period of 30 days can be availed in case of Distance Marketing. | ||||||||||||
| Grace period | A grace period of 30 days can be availed by the insured for clearing the premium payment for yearly modes. In case of monthly premium payment mode, a grace period of 15 days can be availed by the insured individual. | ||||||||||||
| Surrender Value | The policy gets a Surrender Value after the single premium payment is done. The policy can be terminated by the policyholder by surrendering the policy. In case of single premium option, the surrender benefit is same as the single premium and the extra premium for the substandard lives multiplied by the surrender value factor as mentioned below:
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| Revival | Revival of the policy is allowed, in case it got lapsed. The revival of the policy must be done within a period of two years from the date of first unpaid premium. |
Tax Benefits – How you can save with the Future Generali Cancer Protect Plan?
The premiums that you pay under the Future Generali Cancer Protect Plan are eligible for tax benefits under Section 80D. In case you wish to avail further details, you must consult any tax advisor. The benefits change if the tax laws change.
Why you should buy the Future Generali Cancer Protect Plan from Future Generali?
The Future Generali group is one of top insurance providers in India. The life insurance solutions offered by Future Generali come with great flexibility and customisation. The Future Generali Cancer Protect Plan offers great protection while fighting against cancer. There are various types of cancer that are being diagnosed on a daily basis. It has become pretty common now and the only way by which we can reduce the risks is being prepared for it. Medical science has advanced, you beating cancer has become easy now. The Future Generali Cancer Protect Plan takes care of the high treatment costs needed for cancer.
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Future Generali Cancer Protect Plan Reviews
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"Satisfactory"
I am happier with the sum assured and the plan benefits for my life insurance policy at Future Generali . They are providing better benefits on it. I have taken a money back policy and there are no issues to pay my premium, which is one on a yearly basis. The tenure is for 20 years.Was this review helpful? 0, bangalore
Reviewed on Nov 16, 2018 -
"Good policy"
When i took the loan, they have given me a life insurance policy to me. I bought this life insurance with Future Generala in the month of January. I'm satisfied with the plan benefits and policy coverage. They are offering a coverage amount of Rs. 2 Crore. I'm not sure about the tenure period.Was this review helpful? 0, pune
Reviewed on Sep 03, 2018 -
"Excellent services"
I have bought the endowment plan 2 years before. I'm paying the premium amount of Rs. 25000 every year. The are offering a sum assured amount 10 lakhs. I will make the premium amount for next 15 years. They are covering the benefits of accidental benefits, death benefits and risk coverage. I will make the payment through online.Was this review helpful? 0, new delhi
Reviewed on Aug 26, 2018 -
"Good policy for the corporate employee"
I have taken my life insurance policy with future general in 2010. I have paid a premium amount of Rs. 1500 every month. I will get a disability benefits, accidental coverage, death coverage, Risk coverage also available. This is a 5 years tenure period policy. I have closed the policy after that the sum assured amount also automatically transferred to my account.Was this review helpful? 0, hooghly
Reviewed on Aug 23, 2018 -
"Average company"
I have taken my endowment plan with Future General. They have only traditional. There is no option to withdraw the money before the maturity, They are charging more admin charges and other fee. This is not a good endowment plan. I've not called the customer care. There is no necessity of endowment plan to everyone hence i won't recommend this to anyone.Was this review helpful? 1, kanpur
Reviewed on Aug 16, 2018
