Future Generali Smart Life

Product Description:

Future Generali Smart Life is a pure term insurance plan which extends the benefit of a secured future to your loved ones (family/dependants), should anything unfortunate were to happen to you. In case of the death of the life insured during the policy term, the nominee receives the sum assured under the policy while there are no maturity/survival benefits available under this plan, as is true for all pure term insurance plans. Any Indian citizen between the age of 18 yrs & 60 yrs can buy this plan, subject to acceptance of risk by the Insurer. The maximum maturity age under this plan is 68 yrs. Smart Life plan can be bought only online, either at www.futuregenerali.in or at one of the Insurer’s partner websites like www.bimadirect.com.

Know more about your Insurance

Key features: Availability, Benefits and Exclusions

Minimum Age at Entry : 18 years
Maximum Age at Entry : 60 years
Maximum Age at Renewal : 68 years
Minimum Sum Assured : Rs 15 lacs
Maximum Sum Assured : Rs 50 lacs
 
Minimum Policy Term : 8 years
Maximum Policy Term : 30 years
Premium Pay Term : = policy term
Premium Payment Frequency : Yearly
Survival Benefits : NIL


Product pricing (Incl. S/Tax)   (Rs)

   25 yr old male   30 yr old male   35 yr old male   40 yr old male 
Term  SA
15 lacs
SA
25 lacs
SA
50 lacs
SA
15 lacs
SA
25 lacs
SA
50 lacs
SA
15 lacs
SA
25 lacs
SA
50 lacs
SA
15 lacs
SA
25 lacs
SA
50 lacs
10 yrs 1655 2482 4963 1787 2702 5404 2250 3474 6948 3193 5046 10090
15 yrs 1688 2537 5073 1969 3006 6010 2581 4026 8050 3822 6094 12186
20 yrs 1820 2758 5514 2250 3474 6948 3110 4908 9815 4616 7418 14832
25 yrs 2052 3144 6286 2664 4164 8326 3739 5956 11910 5576 9017 18030


How to ensure a smooth & hassle-free claim experience?

  1. Fill your proposal form very carefully to ensure accuracy & correctness of all relevant information like Name, DOB, Health status, policy details, contact information, nominee details, etc. Also cross-check the policy document for accuracy & correctness of the information provided. Immediately approach the Insurer, should you find any discrepancy in the data.

  2. Disclose all material facts clearly and be truthful about your health and lifestyle attributes (tobacco/alcohol consumption) related information. An affirmative declaration doesn’t mean that your policy will be rejected.

  3. Ensure that your nominee is well-informed about the status of your policy. Keep the policy documents in a safe location and ensure that your nominee knows where the policy bond is stored.

  4. Pay your premiums regularly & in time to keep your policy in force. Follow simple procedures like setting premium due date reminders for yourself by registering with www.bimadirect.com and give your loved ones a stress-free future.

  5. Intimate your Insurer about death & register your claim. Submit duly completed claim forms and other documents at the nearest Future Generali Branch office or at the Insurer’s Head office in Mumbai. For any claim assistance, please get in touch with the Insurer at 1860 500 3333. You can also write to the Insurer at care@futuregenerali.in with ‘CLAIMS-LIFE’ as the subject line. Please refer Future Generali website for a list of documents and other collaterals required to register a claim.

Some Key Statistics for Future Generali

ITEM   NUMBER
Claims Settled Ratio : To be Announced soon
Claims Rejected Ratio : To be Announced soon
Complaints Resolved Ratio : To be Announced soon


How to decide your ideal Life cover?

Your insurance cover should be enough to provide for your family/dependants’ monthly expenses without upsetting any of their lifestyle related needs.

Make sure you are choosing enough Insurance coverage so as to cover all your outstanding liabilities/debt, etc in absence of your earning hand.

Your insurance cover should be able to provide for & meet with all the foreseeable future needs.

Disclaimer: This is only an illustrative document to serve as a quick guide for aide in decision making.


Information Source: Future Generali website www.futuregenerali.in as on 22nd Oct’ 2011
IRDAI annual report’2010>