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Future Generali Life Saral Jeevan Bima Insurance

Future Generali Saral Jeevan Bima is designed to give you a safety net so that you can be sure of protecting your loved ones from future financial struggles. You also make their lives easier, with lesser worries, even when you are no longer around.
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Future Generali Life insurance review

Future Generali Life Insurance plans
Distribution - Number of branches pan India (March 2019)
117
Entry Age Minimum/Maximum (Years) - Term Plans
18/55
Sum Assured Minimum / Maximum - Term Plans
3 lacs / Unlimited
Policy Term Minimum / Maximum (Years) - Terms Plans
10/65
Solvency Ratio (FY 2018-19) *
1.62
Number of Policies Sold (Ind+Group) *
65,325
Number of Lives Covered (Ind+Group) **
629,811
Claims Settlement Ratio (Ind+Group) ***
95.72%
* - As per IRDAI data 2018-19 - The solvency ratio of an insurance company is the size of its capital relative to all the risk it has taken, which is all liabilities subtracted from total assets. In other words, solvency is a measurement of how much the company has in assets versus how much it owes
** - as per L-25 Public Disclosure of Insurance Companies for 2019-20  |  *** - Claims Settlement Ratio = Claims Settled in the year / Claims Reported in the year - as per IRDAI data published

Future Generali Life Saral Jeevan Bima Insurance Overview

  • Key Features
  • Eligibility

Key features of Future Generali Life Saral Jeevan Bima Insurance

  • This is a pure term plan.
  • The death benefit as defined below shall be paid in lump sum to the nominee/assignee in case of Death of the Life Assured during the policy term.
  • The policy shall terminate on the death of the Life Assured

Eligibility Criteria of Future Generali Life Saral Jeevan Bima Insurance

Minimum - Maximum Age at Entry 18 to 65 years
Maturity Age 23 years to 70 years
Sum Assured Minimum - ₹ 5 Lacs
Maximum – ₹ 25 Lacs(Sum Assured would be allowed only in multiples of ₹ 50,000)
Premium Payment Frequency Yearly, Half Yearly and Monthly (Only under ECS/NACH)
Premium amount Minimum Premium as per Premium Paying Frequency:
  • Monthly Mode – ₹ 135
  • Half Yearly – ₹ 791
  • Yearly - ₹ 1,520
Maximum Premium- As per the maximum Sum Assured

Brochure

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Policy wordings

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    InstantCover Insurance Web Aggregator Private limited
    710, 6th B Cross, 16th Main Road, Koramangala 3rd Block, Bangalore - 560 034.

  • 080-41101026
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CIN: U66000KA2018PTC117713 | IRDAI Web aggregator License Code Number: IRDAI / INT / WBA /53/ 2018, Valid till 07/08/2025