Future Generali Saral Jeevan Bima

The Future Generali Saral Jeevan Bima offers a safety net wherein the family will not have to undergo any financial struggle in the future. This plan makes life easy, with no worries even if you are not around tomorrow.

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5.3 Crore Policies Sold

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₹1 Crore Life cover starting from ₹478/month⁺

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The Future Generali Saral Jeevan Bima is a term plan that gives both security and peace of mind. It will help your family members for a bright and better future.

Eligibility Criteria of Future Generali Saral Jeevan Bima

The table below shows the eligibility criteria of Future Generali Saral Jeevan Bima:

Parameters

Details

Entry Age

18 years to 65 years

Maturity Age

23 years to 70 years

Policy Tenure and Premium Payment Term

Policy Term	Premium Payment Term
05 years to 40 years	Single Pay
	Limited Pay- 05 years
	Limited Pay- 10 years
	Regular Pay

Sum Assured

Minimum- Rs 5 lakh

Maximum- Rs 25 lakh

Premium Payment Frequency

Yearly, half-yearly and monthly (Only under NACH/ ECS)

Premium Amount

The minimum premium as per the premium payment frequency

Yearly- Rs 1520

Half-yearly- Rs 791

Monthly- Rs 135

Benefits of Future Generali Saral Jeevan Bima

Listed below are the benefits of Future Generali Saral Jeevan Bima:

Death Benefit

Upon the demise of the life assured within the waiting period while the policy is still active, the death benefit amount will be payable as the lump sum. Also, upon the death of the life assured after the waiting period expiry, however, before the date stipulated of maturity and the policy is active, the death benefit amount will be payable as a lump sum.
Waiting Period

From the start of the date of the commencement of the risk, there are 45 days waiting period, and during this period, the policy covers death only due to accident. If the death occurs due to some other cause other than an accident, then the entire premium amount, excluding the applicable taxes, shall be paid back but not the sum assured. The waiting period is not applicable in the case of revival policy.
Revival

If the premium goes unpaid for five consecutive years from the date of the first premium, the policyholder can revive that policy again. If the policy lapses due to non-payment of premiums, it can be revived within the maturity date as well as the revival date for that policy. But that can be done only by making the payments for all the arrears of the premium to date along with an interest rate of 9%p.a that is compounded annually.
Tax Benefits

The policyholder can avail of tax benefits as per the provisions of income tax laws.

Note: Tax benefit is subject to changes in tax laws. Standard T&C apply.

Documents Required to Buy Future Generali Saral Jeevan Bima

To buy the Future Generali Saral Jeevan Bima, the following documents will be required:

Identity proof
Address proof
Certificate of birth
Bank account details
Passport size photographs

How to Buy Future Generali Saral Jeevan Bima Online?

Here are the steps below to keep yourself covered with Future Generali Saral Jeevan Bima online:

Select the amount of insurance that is the sum assured that you want to receive under the policy.
After that, choose the policy term, which is the duration of the policy. Along with that, you need to choose the premium payment term at your convenience.
Now, calculate the premium and fill up the proposal form, the application form. You can avail the help of the advisor who will provide you with a customized quote.
Pay the premiums in time and stay financially secure.

Exclusion Under Future Generali Saral Jeevan Bima

Under Regular/ Limited Premium Policy

In the case of a Regular or limited premium policy, if the life assured commits suicide, then no claims are entertained. Only 80% of the premium paid till the date of death is paid when the policy is in force, or it is 12 months since the date of revival, and the suicide is committed within the 12 months since the date of commencement of the risk.
Under Single Premium Policy

Whereas in the case of a single premium policy, if the life assured commits suicide within the time duration of 12 months from the date of the commencement of the risk, the policy becomes void. In that case, 90% of the single premium paid is paid excluding additional charges.

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.

FAQs

Q1. What happens if the lapsed Future Generali Saral Jeevan Bima is not revived?

A1. When the policy lapses and is not revived within the stipulated period, then the policy terminates. In that case, nothing is payable to the holder of the regular premium policy and the limited payment policies, and only the policy cancellation amount is payable.
Q2. When the Future Generali Saral Jeevan Bima lapses?

A2 When the premium is not paid on the due date and within the grace period, then the policy lapse and all the benefits cease to exist.
Q3. Within how many years can policyholders revive Future Generali Saral Jeevan Bima?

A3. Within 5 years from the due date of the first unpaid premium amount, policyholders have the option to revive the policy. However, it should be within the maturity period.
Q4. Is the premium rate of Future Generali Saral Jeevan Bima lower for women?

A4. Yes, the premium rates of Future Generali Saral Jeevan Bima Lower for women.
Q5. What is the policy cancellation value payable for Future Generali Saral Jeevan Bima?
A5. The policy cancellation value is payable when:
- In the case of a single premium policy, the policyholder applies for it before the maturity date.
- In case of limited premium payment, the policyholder applies at the end of the revival period but before the date of maturity.
- Regular premium policyholders are not eligible for policy cancellation value.
Q6. What is the grace period of Future Generali Saral Jeevan Bima?

A6. The grace period of Future Generali Saral Jeevan Bima is 30 days in case of yearly or half-yearly premium payment and 15 days in case of monthly premium payment.

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.

˜The insurers/plans mentioned are arranged in order of highest to lowest Sum Assured(SA) offered by Policybazaar’s insurer partners offering term insurance plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI.

Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in

Rs. 400/month is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

Rs. 400/month (Rs.13/day) is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 230 is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 8/day is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 12/day is starting price for a 75 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 497/month is starting price for a 1.5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 487/month is starting price for a 2 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 626/month is starting price for a 3 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 905/month is starting price for a 5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,267/month is starting price for a 7 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

*The full refund of premium is available on availing the one-time option of refund of premium. Total premium paid for policy (paid for add-ons) will be the special exit value, payable on availing the one-time option of refund of premium if you wish to completely exit the policy.

+Rs. 447/month is starting price for a 1 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs.679/month is starting price for a 2 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 910/month is starting price for a 3 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,374/month is starting price for a 5 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,924month is starting price for a 7 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

Women

+Rs. 400/month is Starting price for a 1 crore term life insurance for an 18 year-old Female, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

Rs. 461/month is the starting price for a 1 crore term life insurance for an 24 year-old female, non-smoker, with no pre-existing diseases, cover upto 54 years of age.

1,642/month is the starting price for a 1 crore term life insurance for an 44 year-old female, non-smoker, with no pre-existing diseases, cover upto 74 years of age.

Prices offered by the insurer are as per the approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited

We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881

For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale

Policybazaar Insurance Brokers Private Limited | CIN: U74999HR2014PTC053454 | Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana – 122001 | Registration No. 742, Valid till 09/06/2027, License category- Composite Broker Visitors are hereby informed that their information submitted on the website may be shared with insurers. Product information is authentic and solely based on the information received from the insurers.

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