Future Generali Flexi Online Term Plan

An economical insurance plan that protects your family from unfortunate things. A plan to protect your family at affordable cost. A term plan is one which gives only death benefits and does not provide any benefits on the survival of the policy holder till the end of the policy term.

Key Features

  • Financial coverage at affordable cost
  • Assured sum on death of the policy holder
  • Offers a monthly income on your death till such time you would have turned 60 or for 10 years whichever is higher.

Benefits

  • Maturity Benefit
No maturity benefit is available on this policy.
  • Death Benefit
The assured sum is given to the nominee on the death of the life assured.
  • 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.
  • High sum assured discount
Discount in premium rate in case you opt for a Higher Sum Assured

Am I eligible?

PARAMETER MINIMUM MAXIMUM
ENTRY AGE 18 years 50 years
MATURITY AGE 28 years 75 years
SUM ASSURED Rs.50,00,000 NO LIMIT
POLICY TERM 75 minus Entry Age
PREMIUM PAYMENT TERM SAME AS POLICY TERM
PAYMENT MODES Monthly or Annualy

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 not available in this policy.

Exclusions

  • If you commit suicide within one year from the policy inception date, the plan will be void and only 80% of the premiums paid will be payable as death benefit. If you commit suicide within one year from the revival date of the plan, if revived, only 80% of the premiums paid till the date of death, will be payable as Death Benefit.