Future Generali is one of the most popular general insurance company in the country. It offers an array of insurance products that includes life as well as health. The company is particularly famous for its life insurance offerings, as it offers several plan options stretching from term insurance plans to group plans, rural plans, ULIPs, savings plans and more.
Future Generali Jan Suraksha Plus is a life insurance cover that gives the policyholder an assured amount once the policy matures. The sum assured is more than the premium paid. This policy is hassle-free and easy-to-buy. This plan is not only affordable but it guarantees returns on maturity. Besides providing the conventional benefits associated with any term insurance, the Future Generali Jan Suraksha Plus also provides tax benefits.
Following are the eligibility parameters for the Future Generali Jan Suraksha Plus Plan:
|Entry age||18 to 50 years as on the last birthday|
|Policy Term||8 years|
|Maturity age||End of the policy term|
The minimum sum assured and the premium that is to be paid under this plan is as follows:
|Premium paying term||Single|
All life insurance policies offered by Future Generali, including the Flexi Online Term Plan, do not cover death caused by suicide. In any case, if a suicide were to occur, the complete sum assured isn’t given to the policyholder’s nominee. This is the amount assured:
Following are other key features of Future Generali Online Flexi Term Plan:
|Free Look Period||Customers are given a time period of 15 days to review the terms of the policy and have the option of returning or unsubscribing to the policy within this time. If any Premium is paid, the customer will receive the refund after deductions. The Free Look Period is 30 days for most policies offered by Future Generali.|
|Grace Period made available under the policy||A grace period of 15 days will be provided (in the case of monthly premiums) and a grace period of 30 days will be provided (in the case of annual premiums), if the premium payment isn’t made by the due date.|
|Policy Reinstatement||Customers can reinstate the policy within a period of two years from the time of the first unpaid premium. In order to initiate the policy reinstatement, the customer has to give an intimation by writing.|
|Policy Lapse||If premiums aren’t paid within the grace period, the policy will lapse.|
The Future Generali Jan Suraksha Plus offers tax benefits under sections of the Indian Income Tax Act. Here are details on how you can save on tax upon purchasing an insurance policy:
Tax benefits are not applicable under Section 10(10D) if the Sum Assured is less than 10 times the base annualized premium.
The Future Group has been the leaders in the story of growth and development of India's retail industry for more than 25 years. Generali is an Italian Group with a strong presence across the world. It was established in the year 1831 and is one of the world's leading insurance companies. Total premium paid to the group by its customers exceeds 70 billion pounds (as recorded last year).
The Future Generali Group covers more than 450 renowned corporate companies such as NABARD, Jet Airways, United India Insurance, Adidas, among others. The investment team of the group manages assets worth more than Rs.2,600 Crore. Their products offered by the group are simplified and have the option to customize according to the policyholder's financial needs.
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