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.

Read more
Get ₹1 Cr. Life Cover at just ₹449/month+
Tax Benefit
Upto Rs. 46800
Life Cover Till Age
99 Years
8 Lakh+
Happy Customers

+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

Get ₹1 Cr. Life Cover at just ₹449/month+
+91
View plans
Please wait. We Are Processing..
Get Updates on WhatsApp
By clicking on "View plans" you agree to our Privacy Policy and Terms of use

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:

  1. 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.

  2. 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.

  3. 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. 

  4. 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

  1. 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.

  2. 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.

FAQ's

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.

Premium By Age

why buy term insurance

FREE Term Life Insurance Quotes in minutes

  • The Best Price
  • Get Upto 10% Online Discount
  • Dedicated Claim Assistance Program

+Standard T&C Apply



Term insurance articles

Recent Articles
Popular Articles
Best Term Life Insurance in USA

01 Feb 2023

A term life insurance in USA can secure your family against the
Read more
Tata AIA Term Insurance Login

26 Dec 2022

Tata AIA term insurance login portal offers the company’s
Read more
Why NRIs in UAE Should Buy Term Insurance Plans from India?

08 Dec 2022

Term life insurance plan secures the financial future of your
Read more
Best Term Life Insurance Plans in Singapore

07 Dec 2022

An NRI living in Singapore can easily buy the best term life
Read more
Bima Sugam

29 Nov 2022

Bima Sugam is an online marketplace that will offer its services
Read more
LIC Term Insurance 1 Crore
LIC of India offers various plans to help you secure the financial future of your loved ones. In order to make
Read more
What Medical Tests are Required for Term Insurance?
Term insurance offers a sum assured to the beneficiary of the policyholder upon their death that can help them
Read more
Term Insurance: Tax Benefits under Section 80D
Term Insurance provides financial security and protection to your family in case of your unexpected death within
Read more
2 Crore Term Insurance Plan
The pandemic has surely generated a global panic and emphasised the importance of financial planning that would
Read more
Types of Deaths Covered and Not Covered by Term Insurance
A term insurance plan is the best way to ensure the financial well-being of your family members in case of any
Read more

top
View Plans
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL