Future Generali Life Child Plan

Future Generali Life Child Plan is a savings product that is designed to secure the future of your child financially. This plan offers financial protection as well as investment opportunities tailored to meet the evolving needs of your child. It ensures peace of mind while nurturing the dreams of your child with flexible options and benefits.

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Investing in your child's future:A wise decision & a loving choice
  • Insurer pays premium in case of loss of life of parent

  • Create wealth for child’s aspirations

  • Tax Free maturity amount+

  • 12+ plans available

Nothing Is More Important Than Securing Your Child's Future

Invest ₹10k/month your child will get ₹1 Cr Tax Free*

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What is the Future Generali Life Child Plan?

Future Generali offers a key child plan, called the Future Generali Assured Education Plan. It is a guaranteed income plan designed to help you save for your child's future education needs.

Features of Future Generali Life Child Plan

  • Guaranteed Education Milestones: Future Generali Assured Child Education Plan guarantees a predetermined sum for specific education milestones like graduation or post-graduation.

  • Flexible Premium Payments: You can choose between regular premium payments (monthly or annually) to gradually build up the corpus over time.

  • Customizable Payout Options: Various options for receiving guaranteed payouts allow flexibility to decide when funds are needed for your child's education.

  • Financial Stability in Case of Demise: In the event of your demise, all future premiums are waived off, and the guaranteed sum assured is provided to your family for financial stability.

  • Enhanced Protection with Riders: You can add riders for accidental death and/or accidental total and permanent disability to enhance the plan's protection.

Benefits of Future Generali Life Child Plan

  • Financial Security for Your Child's Education: Invest in your child's future with guaranteed payouts at key educational milestones.

  • Guaranteed Payouts: Receive 10% of the Sum Assured at ages 18 and 20, and 70% at age 22.

  • Death Benefit: In case of demise, all future premiums are waived, and 5% of the Sum Assured is paid annually until your child is 17.

  • Flexibility and Customization: Choose premium payment frequency and add optional riders for extra protection.

  • Additional Considerations: Tax benefits under Section 10(10D) and Section 80C are provided as per Income Tax Act, 1961.

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Secure your child’s future with or without you
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₹10,000/Month
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₹1 Crore*
*Standard T & C Apply

People also read: Sukanya Samriddhi Yojana

List of Future Generali Life Child Plan

Future Generali offers a child life insurance plan called Future Generali Assured Child Education Plan. Let us have a quick overview of the Future Generali Life Child Plan: 

Future Generali Life Child Plan

Entry Age

Maximum Maturity Age

Premium Payment Term (PPT)

Policy Term (PT)

Minimum Annualised Premium (in Rs.)

Tax Benefits u/ IT Act, 1961

Future Generali Assured Education Plan

Child: 0 -10 years;

Parent: 21 – 50 years.

Parent: 35 – 67 years

Same a PT

17 years minus (-) Child’s Entry Age

₹20,000

Section 80C and Section 10(10D)

Future Generali Assured Education Plan

The Future Generali Assured Education Plan is a child education plan offered by Future Generali India Life Insurance Company Limited. It is a type of guaranteed income plan that helps you save systematically for your child's future education expenses, like graduation or post-graduation college fees.

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Invest ₹10K/Month YOU GET ₹1 Crores* For Your Child View Plans
Invest ₹8K/Month YOU GET ₹80 Lakhs* For Your Child View Plans
Invest ₹5K/Month YOU GET ₹50 Lakhs* For Your Child View Plans
Standard T&C Apply *

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Features of Future Generali Assured Education Plan

  • Guaranteed payouts: You can choose from three options to receive guaranteed payouts at different milestones in your child's education. 

  • Maturity benefit: You receive a lump sum amount (Sum Assured) at the end of the policy term, as per your chosen payout option.

  • Death benefit: In case of your unfortunate demise, the plan provides financial support for your child's education:

    • Immediately pay a guaranteed sum to address your family's immediate needs.

    • Pays out a fixed percentage of the sum assured annually until your child turns 17, helping with ongoing educational expenses.

  • Policy term: The policy term is 17 years minus the child's age at the time of purchase. So, the minimum term is 7 years (if the child is 10 years old) and the maximum is 17 years (for a newborn).

  • Premium payment: You can choose to pay premiums monthly or annually.

  • Riders: You can opt for additional riders like accidental death and accidental total and permanent disability benefits to further strengthen the plan's protection.

In Summary

The Future Generali Assured Education Plan offers peace of mind and financial security for your child's education. With guaranteed payouts, flexibility in premium payments, and optional riders for added protection, this plan ensures that you can confidently invest in your child's future without worrying about financial barriers.

Future Generali Life Child Plans - FAQs

  • What is the Future Generali Life Child Plan?

    The Future Generali Assured Child Education Plan is a guaranteed income plan designed to help you save for your child's education. It offers guaranteed payouts at key milestones in your child's education journey.
  • What are the benefits of the Future Generali Assured Child Education Plan?

    The key benefits of Generali Assured Child Education Plan are as follows:
    • Guaranteed payouts: The plan offers three options to receive guaranteed payouts at your child's ages 18, 20, and 22, which coincide with important education milestones.

    • Life cover benefit: In case of an unfortunate event, the plan waives off future premiums, provides a death benefit, and ensures your child receives guaranteed monthly payments until they turn 17.

    • Tax benefits: Premiums paid and maturity benefits are eligible for tax deductions under Section 80C and Section 10(10D) of the Income Tax Act, 1961.

  • For whom is the Future Generali Life Child Plan suitable?

    The Future Generali Life Child Plan is suitable for young parents who want to:
    • Secure their child's education with guaranteed payouts.

    • Get life cover to protect their child's future financially in case of an unforeseen event.

    • Build a disciplined savings habit towards their child's education.

  • What is the policy term of Future Generali Life Child Plan?

    The policy term of the Generali Assured Child Education Plan is determined by the chosen option for guaranteed payouts, ranging from 18 to 22 years.
  • Can I increase the sum assured or premium payments later?

    The Generali Assured Child Education Plan may offer limited options for increasing the sum assured or premium payments. It's advisable to check with Future Generali for specific details.
  • How to pay premium? What are the modes of payment available?

    Future Generali India Insurance offers three ways to the clients for paying the premium
    • Auto Debit
    • cheque deposit at Branch
    • Online payment
    • Pay by Phone
  • How can I check policy status for Future Generali Life child plans?

    You can check the policy details from the website of the company with your valid username and password.
  • What is the policy renewal process for Future Generali Life child plans?

    You can renew the policy by login to e-Portal with policy details. Select the payment option (Debi/credit card or by Net Banking) to pay. Finally, print/save the e-receipt.
  • What is the company’s process to settle claim for Future Generali Life child plans?

    The company settles the claims within 7 days, provided the documents and the claims form is correct. You will have to apply for the claim at the company through email.
  • What is the policy cancellation process for Future Generali Life child plans?

    Simply walk into the nearest branch office with your policy documents and duly filled surrender form. It would take 5 business days to process the cancellation request and deposit the refund premium. An intimation letter on cancelled policy will be posted your registered address.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Please note that the quotes shown will be from our partners
*Tax benefit is subject to changes in tax laws
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
#The lumpsum benefit is calculated if policyholder invested ₹10000 monthly for 10 years in the fund with a policy term of 20 years. This Point To Point past performance data of last 10 years has been used to illustrate a scenario for the customers benefit. It is assumed that the past 10 years returns would have also been delivered in last 20 years. This is not guaranteed and not in anyway indicative of what the customer may actually get 20 years from now. The investment is subject to market risk and the risk is borne by the policyholder.

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Child Plan 2
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(Based on 26 Reviews)

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Future Generali Child Plans Reviews & Ratings

4 / 5 (Based on 26 Reviews)
(Showing Newest 10 reviews)
Anumeha
Mundrajore, March 10, 2021
Tax benefits
I have got the tax benefits when I bought the future generali child insurance plan. It is really great. I am thankful to team.
Vishesh
Atmakur, March 09, 2021
Beneficial plan
It is good to know about different plans for different needs. I get to know about the child plan into the website of the policybazaar. It was the future generali child plan which I got 1 month back. It is one of the beneficial plan. Thanks team.
Hans
Ludhiana, August 22, 2016
Totally Safe Policy
Fully satisfaction i get from your service and policy benefits. Premium are not high which i can i afford and it payed quarterly. Claims are high and coverage is very good. The procedure of sanctioning the claims is very simple because of quick service facilitated by you. Thank you for this nice child insurance policy.
Purshotam
Chaksu, July 19, 2016
Easy Returns
Future generali life insurance is the best insurer, i have child insurance plan. The policy have maximum benefits and it covers maximum expenditures for the policy owner. Service is perfect and the website of the company is very simple to access.
Manan
Kashipur, July 08, 2016
Child Plan
The child insurance which i purchase for my child is very nice with low premiums. The investment is less and the returns are high. Policy coverage is high and claims are easily sanctioned due to fast service facilitate by the company staff.
Devesh
Ahmedabad, June 28, 2016
Good
My child insurance policy plan for my child is the best insurance in less premiums. Service is good and the payback amount is fantastic which sanctioned after policy get mature. Policy coverage is good, claims are high. Internet service is nice which make's hassle free documentations. Good future investment.
Chirag
Bangalore, June 07, 2016
Fantastic Policy
I have child policy for my children from future generali India life insurance. The plan has low premiums and high returns. The policy coverage is high ~90% and the claim is high. Service is also nice with good and on time availability. Nice future investment and it saves taxes too. Daily updates about policy plan is mailed to my email address regularly. Good policy, I like the insurance plan.
Vishal
Nilgiris, June 07, 2016
Great Deal
Recently I bought a child insurance for my child from future generali India life insurance. The policy having great benefits with low premiums. The policy coverage is really good and the service is fast and on time. The claims are the best among all. Good future investment and it save taxes too.
Bhavya
Pilani, June 07, 2016
Fully Updated Plan
I buy future generali life child plan which has very good policy coverage ~ 91%. The service is also good, fast and on time. The claims are high and claiming process is easy because the executive and staff members providing good, responsive and quick services. Updates are send to me daily.
Naveen
Dholpur, June 07, 2016
Very Good Policy
Superb child plan which provided by future generali India life insurance. The policy coverage is 84% and the claims are high. The investment is low and payed quarterly per year till policy end. Service is great and fast too which facilitate by the executives and staff members. I like the policy plan.
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