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Future Generali Saral Bima Plan

What is the Plan all About?

Future Generali Saral Bima plan is a non linked, non participating endowment insurance plan. The plan is a simple plan which offers guaranteed death and maturity benefit, whichever happens first. It is a simple traditional plan which simplifies your life insurance needs under one product.


What are the Key Features?

  • Simple endowment plan
  • Comes at an affordable premiums
  • Offers guaranteed Benefits
  • Policy term to suit medium and long term financial needs
  • Avail Tax Benefit under IT Act

What are the Plan Benefits?

Death Benefit

    The death benefit payable to the nominee  the event of death during the policy period is Death sum assured which is higher of :

    • 10 times the Annualised Premium
    • Sum Assured
    • 105% of the total premiums paid (excluding Service Tax, extra premiums, if any) till date of death

Maturity Benefit

    Base sum assured is payable as maturity benefit on  the survival of the Life Assured till the end of the policy term.


    This plan is a non participating plan and does not attract any bonus amount.

Loan Benefit

    No loan is available under this plan.

Surrender Value

    The surrender value is equal to the value higher of Guaranteed Surrender Value (GSV) and Special surrender value will be payable  as surrender value. The premium must be paid for 3 policy years from inception to avail surrender value.

Tax Benefit

    The plan helps in getting tax benefits under section 80C  and section 10 (10D) of the Income Tax Act, 1961.

Who can Buy the Plan?

Factor Minimum Maximum
Age (as on last birthday) 7 Years 55 Years
Age at Maturity 18 Years 70 Years
Policy Tenure 10 Years 20 Years
Premium Paying Term Same As Policy Term -
Premium Paying Mode Annually,Semi Annually,Quarterly And Monthly -
Premium Amount Rs 9,000 P.a Depends On Max Sum Assured
Sum Assured Rs 2.5 Lacs 5 Crore
Freelook Period 15 Days/ 30 Days (for Distance Marketing Channel) From The Receipt Of The Policy -
Grace Period 30 Days & 15 Days (for Monthly Mode) -
Plan Type Offline -

Is any Rider Available with this Plan?

Following riders are available with this plan for the payment of an extra rider premium.

  • Future Generali Non Linked Accidental Death Rider
  • Future Generali Non Linked Accidental Total & Permanent Disability Rider

How the Plan Works?

Let's understand this benefit with the help of an example:

Life Insured: Amit

Age: 35 years while buying the policy

Sum Assured : Rs. 5 Lacs

Policy Term:  15 years

Benefits are illustrated below:

Scenario 1: Amit survives the policy term

Base sum assured of Rs 5 Lacs is payable to Amit.

Scenario 1: Amit dies during the policy term

Death sum assured is payable on death which is higher of 10 times the Annualised Premium  or Sum Assured or 105% of the total premiums paid (excluding Service Tax, extra premiums, if any) till date of death.


Future Generali Saral Bima Plan