Future Generali Bima Gain

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. Just one payment for both adequate life protection and wealth creation. Future Generali Bima Gain, a Non-Participating Unit Linked Single Premium Life Insurance Plan with a Sum Assured up to 10 times the premium paid. This plan not only offers adequate protection, but is also an excellent investment option that can help you create wealth. With a fixed Policy Term of 10 years and a choice of 6 investment funds to suit the policy holders risk appetite, it also offers you enhanced protection by way of riders.

Key Features

  • Unique combination of investment and life cover to provide financial security for your loved ones
  • Maximized allocation based on premium amount
  • Choice of 6 investment funds to match your risk appetite
  • Flexibility to choose a host of options like switching, Partial Withdrawals, Surrender and Settlement Option
  • Premium paid is 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, provided the policy is in force, 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 the Settlement Option explained later
  • 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 8 years 65 years
MATURITY AGE 18 years 75 years
SUM ASSURED Ages 8 to 47 years: 1.25 to 10 times the premium paid
Ages 48 to 65 years: 1.25 times the premium paid
POLICY TERM 10 years
PAYMENT MODES Single Payment.

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

  • No Loan options are available under this policy



  • In case the Life Assured commits suicide within the first year of the policy, only the Fund Value (market value of investments) will be paid and the policy will be terminated.