Future Generali is a popular general insurance provider that offers a wide range of insurance product options ranging from health and life insurance to car and travel insurance. 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.
The Future Generali Flexi Online Term Plan is a popular term insurance policy offered by Future Generali and comes embedded with some really impressive features. Besides offering the normal benefits associated with a term insurance policy, the Flexi Online Term Plan also provides tax benefits and income protection. Let us look at the salient features of the policy and see what you can expect from the Flexi Online Term Plan from Future Generali.
Following are the eligibility parameters for the Future Generali Flexi Online Term Insurance Plan:
|Particulars||Basic Life Cover||Income Protection|
|Entry Age||18 to 55 years||25 years to 55 years|
|Maturity Age||Minimum age: 28 years Maximum age: 65 years for smokers and 75 years for non-smokers.||Minimum: 45 years Maximum: 65 years|
|Policy Term||Minimum policy term: 10 years Maximum policy term: 65 years minus the entry age for smokers; and 75 years minus the entry age for non-smokers||Minimum: 10 years Maximum 65 years minus the entry age|
The minimum Sum Assured under the Basic Life Cover option of the policy is Rs.50,00,000. Under the Income Protection Plan, following are the details:
|Plan||Entry Age||Monthly Amount|
|Fixed Income Protection||25 years to 43 years||Rs. 25,000|
|Fixed Income Protection||44 years to 48 years||Rs. 35,000|
|Fixed Income Protection||49 years to 55 years||Rs. 42,000|
|Increasing Income Protection||25 years to 48 years||Rs. 25,000|
|Increasing Income Protection||49 years to 55 years||Rs. 30,000|
*Premiums vary based on age, location, plan term and other factors
Under both these options, there is no Limit on the maximum monthly amount.
|Death Benefit||Under the Flexi Online Term Plan, the policyholder’s nominee will receive death benefits in the form of a lump sum payout, in the unfortunate demise of the policyholder.|
|Income Protection||The policy offers a fixed monthly income after your death until the time you were to turn 60 years of age. This is a form of maturity benefit provided under the policy.|
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