"Spending a whole day looking for insurance is fun," said nobody, EVER!
"Spending a whole day looking for insurance is fun," said nobody, EVER!
  • Future Generali Jan Suraksha Plan

    Life Insurance
    • Premiums as low as Rs.17/day for sum assured of Rs.1 crore*
    • Claim up to Rs. 1,50,000 deduction under section 80C**
    • Choose between annual and monthly premium payment options

    Future Generali Jan Suraksha Plus is a traditional life insurance product that is non-participating and non-linked in nature. It offers both life cover as well as guaranteed benefit after the policy matures. You will be required to pay your premium only once and then you will an assured amount when the policy matures, and this particular amount will be more than the premium that you pay. You can select your single premium amount according to your preference.

    Eligibility – Who is the Future Generali Jan Suraksha Plus for?

    The Future Generali Jan Suraksha Plus is well-suited for anyone who wants a reasonably good life cover along with death benefit, maturity benefit, and surrender benefit. Let us take a look at the eligibility criteria for this plan:

    Minimum entry age 18 years (as on last birthday)
    Maximum entry age 50 years (as on last birthday)
    Policy period 8 years

    You will receive protection under this policy for 8 years.

    Sum Assured and Premium Range – What you get and what it costs

    With the Future Generali Jan Suraksha Plus, you will get a good sum assured amount. With the provision of this amount, your family members can have a decent lifestyle without having to struggle in your absence. The sum assured will depend on the premium payable, policy period, and age of the policyholder.

    Premium payable Option 1: Rs.2,500 Option 2: Rs.3,000 Option 3: Rs.4,000 Option 4: Rs.5,000
    Premium payment mode Single premium

    Premiums vary based on age, location, plan term and other factors.

    Plan coverage – What the Future Generali Jan Suraksha Plus covers

    The Future Generali Jan Suraksha Plus offers extensive coverage for every policyholder with three main types of benefits and they include death benefit, maturity benefit, and surrender benefit. Let us take a look at the following table to get an idea about the benefits offered with this plan:

    Death benefit When the policyholder dies, a death benefit will be provided to the nominee chosen by the policyholder. This death benefit will be 5 times the single premium. This does not include additional premiums and taxes.
    Maturity benefit When your policy matures, you will receive a maturity benefit. The maturity benefit will depend on the age band and the single premium.
    Age group (in years) Single premium without taxes
      Rs.2,500 Rs.3,000 Rs.4,000 Rs.5,000
    18 to 25 Rs.3,250 Rs.3975 Rs.5500 Rs.7125
    26 to 30 Rs.3200 Rs.3900 Rs.5400 Rs.7000
    31 to 35 Rs.3125 Rs.3825 Rs.5300 Rs.6875
    36 to 40 Rs.3000 Rs.3675 Rs.5100 Rs.6625
    41 to 45 Rs.2875 Rs.3525 Rs.4900 Rs.6375
    46 to 50 Rs.2550 Rs.3150 Rs.4400 Rs.5750
    Surrender benefit You can surrender your policy in the middle of your policy period. You will receive a surrender benefit which will be the guaranteed surrender value or the special surrender value, whichever is higher.

    In the above-mentioned table, the special surrender value will be fixed according to the anticipated demographic conditions and financial factors of the organisation. This surrender value will not be paid if the surrender value amount is below Rs.100. The guaranteed surrender value will depend on the policy year of surrender. If it is 1 to 3 years, then the guaranteed surrender value will be 70% of the single premium which will not include additional premiums and taxes. If the policy year is 4 to 8 years, then guaranteed surrender value will be 90% of the single premium which will not include additional premiums and taxes.

    Exclusions – What the Future Generali Jan Suraksha Plus doesn’t cover

    This plan provides protection for all kinds of death and also provides maturity benefit. The Future Generali Jan Suraksha Plus comes with a suicide exclusion. When the policyholder commits suicide in 12 months after the policy commences, then the beneficiary or nominee will get surrender value or 80% of the premium that has been paid.

    Other Key Features – Free-look Period, Surrender Values, Grace Period, etc.

    The Future Generali Jan Suraksha Plus comes with a wide assortment of significant advantages. Let us take a look at the following characteristics of this plan:

    Free look period You will be given a certain period to check your policy terms and details. If you are not satisfied with any of the terms, you can return your policy within this free look period which is given for 15 days.
    Nomination Under this plan, you can nominate another individual to collect your policy benefits on behalf of you. This provision is given according to the Section 39 of Insurance Act, 1938.
    Assignment This refers to transfer of rights in an insurance policy. This provision is given as per the Section 38 of Insurance Act, 1938.

    Tax Benefits – How you can save with the Future Generali Jan Suraksha Plus

    With Future Generali Jan Suraksha Plus, you will receive tax benefits when you pay your premiums. You will receive these deductions as per the regulations of Section(s) 80C, 80CCC (1), 80D, 10.1. These regulations will keep getting updated on a regular basis. You can reach out to your tax advisor for clear information.

    Other benefits – How you can save with the Future Generali Jan Suraksha Plus

    These are some of the other benefits of taking the Future Generali Jan Suraksha Plus:

    • You can make your premium payments on the official website of Future Generali without any hassles.
    • The website has an exclusive section for providing you with details about your NAV performance.
    • You can utilise the simple and user-friendly calculators available on the website of Future Generali.
    • If you want to talk to an insurance advisor, you can use the ‘Send and advisor’ facility available on the website. You only need to fill in your name, mobile number, and city.
    • If you have any queries about the insurance application process or anything, you can call the toll-free number at 1800-102-2355.
    • The website of Future Generali has a segment for assisting customers. This segment on the site include glossary, public disclosures, withdrawn products, and site map.

    Why should you buy the Jan Suraksha Plus Plan from Future Generali Life Insurance?

    Future Generali Life Insurance is a top-notch insurance provider that is dedicated to offering advanced and accurate insurance services. The company has designed each plan according to the preferences and needs of multiple consumers. When you purchase the Jan Suraksha Plus Plan from Future Generali Life Insurance, you can lead a calm living as you and your family members will be financially safeguarded by the organisation. This company will provide you with extensive protection at economically priced premiums.

    *The customer reviews/feedback/opinions expressed on this website are solely of their authors and do not reflect, in any way, the view of BankBazaar Insurance.

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