Future Generali Jan Suraksha Plan is a non-participating, non-linked (without profit) savings life insurance plan that provides insurance coverage to the family of the insured in case of any eventuality. Under this plan, one needs to pay the premium one time and can avail the life insurance cover with assured maturity amount.
+Tax benefit is subject to changes in tax laws.
++All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
Further, in this article we have discussed in details all you need to know about Future Generali Jan Suraksha Plan.
The below table explains the eligibility conditions and details of the Future Generali Jan Suraksha Plan.
Parameter |
Criteria |
Policy Term |
8 years |
Premium Payment Term |
Single-Premium |
Tax Benefit |
Yes |
Entry Age |
18 to 50 years |
Loan Facility |
N/A |
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/- |
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.
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.”
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/- |
These documents that are required to buy the Future Generali Jan Suraksha Plan are as follows:
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:
Alternatively, you can visit a Future Generali branch close to you or call their toll-free number, which is 1800-102-2355.
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:
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C apply.