Future Generali Bima Advantage Plus

This is a unit linked insurance plan. In this policy, the investment risk in the investment portfolio is borne by the policyholder. The linked insurance products do not offer any liquidity during the first five years of the contract. The policyholder will not be able to surrender/withdraw the money invested in linked insurance products completely or partially the end of the fifth year. Past performance is not indicative of future performance, which may be different. This plan offers a wide choice of investment funds to match your risk appetite and a host of other flexible options for your unique needs.

Key Features

  • A unique combination of protection and investment that helps fulfil your medium to long-term financial goals
  • Helps maximize your returns by investing in a choice of 6 investment funds to match your risk appetite
  • Flexibility to choose Policy Term, Sum Assured and other optional features like switching, re-direction and Partial Withdrawals
  • Premium(s) paid are eligible for tax benefits as may be available under the provisions of Section(s) 80C, 80CCC (1), 80D, 10. 10D as applicable


  • Maturity Benefit
On maturity of the policy, the fund value as on the date of maturity is payable to the Life Assured. The Life Assured may also choose to receive the maturity benefit under Settlement Option.
  • Death Benefit
In case of demise of the Life Assured during the Policy Term, while the policy is in force, the nominee receives the higher of:
1) Sum Assured less deductible Partial Withdrawals, if any, or
2) Fund Value under the policy, or
3) 105% of the total premiums paid, less deductible Partial Withdrawals, if any
  • Tax benefit
The Premium(s) paid by you are eligible for tax benefit available under the provisions of Section(s) 80C, 80 CCC (1), 80D, 10(10D) as applicable.
  • Choice of investment
The policy holder’s premium is invested in unit funds of their choice. Currently, they have a choice of six investment funds, thereby, providing you them flexibility in directing their investments to any or all of the following Unit Linked Funds of the company. The funds are invested in a mix of cash/other liquid investments, fixed income securities and equity investments in line with their risk profile.

Am I eligible?

ENTRY AGE 7 years 65 years
MATURITY AGE 18 years 75 years
SUM ASSURED Age < 45 years: Maximum (10, 0.5 x Policy Term) x Annual Premium

Age >= 45 years: Maximum (7, 0.25 x Policy Term) x Annual Premium
Age 7 to 44 years:(25 x Policy Term) x Annual Premium
45 to 54 years:(15 x Policy Term) x Annual Premium
55 to 65 years:(7, 0.25 x Policy Term) x Annual Premium
POLICY TERM 10 years 30 years

What if?

I am unable to pay on time

  • A grace period is provided based on the payment frequency. The policy is continued if you make the payment within the time period else the policy is lapsed.

I stop the payment

  • On the completion of the grace period the policy will get lapsed and the benefits cannot be claimed on the death of the life insured.

I wish to take a loan

  • Loan options are available for this policy



  • If the Life Assured commits suicide within 12 months from the policy commencement date or revival date, whether sane or insane at that time, the company will limit the Death Benefit to the Fund Value and no insurance benefit will be payable. Any charges recovered subsequent to the date of death will be paid back to the nominee or beneficiary along with Death Benefit