Future Generali Jan Suraksha Plan

Further, in this article we have discussed in details all you need to know about Future Generali Jan Suraksha Plan.

Eligibility Criteria of Future Generali Jan Suraksha Plan 

The below table explains the eligibility conditions and details of the Future Generali Jan Suraksha Plan. 

Benefits offered by Future Generali Jan Suraksha Plan 

1. Death Benefit 

   • 5 times the single premium (excluding applicable taxes and extra premium, if any)
   • Maturity benefit at the end of the policy tenure.

   Age Band	Single-Premium Rs. 500 (Exclusive of Taxes)	Single-Premium Rs. 750 (Exclusive of Taxes)
   18-25	Rs. 14,000/-	Rs. 21,000/-
   26-30	Rs. 12,000/-	Rs. 18,000/-
   31-35	Rs. 10,000/-	Rs. 15,000/-
   36-40	Rs. 7,500/-	Rs. 11,500/-
   41-45	Rs. 5,000/-	Rs. 7,500/-
   46-50	Not Applicable	Rs. 5,000/-

   • Surrender benefit- On surrender, the higher of special surrender value and the guaranteed surrender value will be paid. 

   The surrender benefit under the Future Generali Jan Suraksha Plan is payable as follows: 

   Policy Year of Surrender	Single-Premium Rs. 500 (Exclusive of Taxes)	Single-Premium Rs. 750 (Exclusive of Taxes)
   1	Rs. 300/-	Rs. 450/-
   2	Rs. 275/-	Rs. 412.50/-
   3	Rs. 250/-	Rs. 375/-
   4	Rs. 200/-	Rs. 300/-
   5	Rs. 175/-	Rs. 262.50/-
   6	Rs. 150/-	Rs. 225/-
   7	Rs. 100/-	Rs. 150/-
   8	Rs. 0/-	Rs. 0/-

   Note - The policy terminates when surrendered, and no further benefits are payable under the policy. Surrender value shall not be payable if the amount of surrendervalue is less than Rs 100.

2. Tax Benefit

   The Premium(s) paid under this plan shall be eligible for tax benefit as they may be available under the provisions and sub-provisions of Section(s) 80C and 10(10D). For further details, kindly consult your tax advisor. The various tax benefits are subject to change from time to time. 

   “Tax benefit is subject to changes in tax laws. Standard T&C apply.”

3. Premium Illustration

   The premium range for the policy is as follows: 

   Premium Options	Entry Age: 18 to 45 years	Rs. 500/- or Rs. 750/-
   	Entry Age: 46 to 50 years	Rs. 750/-

Documents Required to Buy Future Generali Jan Suraksha Plan 

These documents that are required to buy the Future Generali Jan Suraksha Plan are as follows:

• Identity Proof – PAN Card or Voter’s ID or Aadhaar Card or Passport or Driving license 
• Income Proof – Latest 3 years Income Tax Return or Latest Form 16/Salary slip
• Address Proof – Passport or Driving License or Voter’s ID or Aadhaar Card or Bank Statement or Ration card or Telephone bill
• Age proof – Secondary School Leaving Certificate or Marksheet or Birth certificate or Passport
• Passport size photographs
• Medical reports, if necessary

Process to Buy FutureGenerali Jan Suraksha Plan

There are no hoops to jump through, and the application process is incredibly simple. In order to apply for the policy, the potential policyholder can complete an online application with ease. In this section, we have listed out all of the necessary steps:

• Future Generali's email address is care@futuregenerali.in
• Please submit the proposal form, which will include all the requested information sent via mail, as well as your Advisor.
• It is important to read the terms and conditions of your insurance policy to make sure you gain the maximum benefits.
• Next, the patient undergoes a medical examination.
• Before insurance coverage is finalized, be sure to let the insurance company know of any changes in your health that may occur during the application process.

Alternatively, you can visit a Future Generali branch close to you or call their toll-free number, which is 1800-102-2355.

Exclusions

The Future Generali's future project Jan Suraksha Plan excludes benefits to the beneficiary in the event that the policyholder dies by committing suicide. The limitations imposed on the exclusion include the following:

• A suicide must occur within the 12-month period that starts from the date that the individual begins assured risk under the policy plan.
• In order to claim just 80% of the total premiums paid, or the surrender value available as of the death date, whichever is higher, the beneficiary or nominee of the policyholder will only be eligible to receive premiums paid or surrender value after the death of the policyholder.

You may also like to read about term insurance

Note: Check all the best term insurance plan in India.

Note: You should also check the benefits of term life insurance if you are planning to purchase the term insurance plan.

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*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C apply.