Future Generali launches Smart Life plan

Future Generali India Life Insurance Company, the insurance joint venture between Future Group of India and Generali Group of Italy, has launched Furture Generali Smart Life.

This is an affordable pure term protection plan which can be purchased online.

Future Generali Smart Life plan is a non-linked, non-participating plan that provides rebates on premium for higher sum assured. The plan offers cover till the age of 68 years, and is for customers in the age group of 18-60 years. Premium can be paid annually for term spanning 8 years to 30 years and minimum sum assured ranging from Rs 10,00,000 to Rs 49,99,999. For policyholders buying large sum assured levels, a large size discount/ rebate is available for sum assured between Rs 25 lakhs and less than Rs 50 lakhs.

Deepak Sood, MD & CEO, Future Generali India Life Insurance Company,said, “Future Generali’s Smart Life plan has been structured to suit the needs of a customer segment that would prefer to choose and buy a competitively priced life insurance solution from the comfort of their home or office – completely online."

In case of death of the life assured during the policy term, the nominee receives the sum assured under the policy. Tax benefits can be availed through purchase of Future Generali Smart Life. Further, this product aims to tap into young, technologically savvy Indian customers by providing financial security and protection at a click.