Future Generali Saral Jeevan Bima

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:

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.

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