TAGS: LIFE INSURANCE, FUTURE GENERALI, ONLINE TERM PLAN
Future Generali India Life Insurance Company (FGILI), a joint venture between Future Group - the leading retailer of India, Assicurazioni Generali - a global insurance group and one of the world’s 50 largest companies* and IITL - a leading NBFC, had launched its first Flexi Online Term Insurance Plan, which is a pure term insurance plan available at a premium as low as Rs 4,000 for a Rs 1 crore cover.
The plan is available exclusively online and is specially targeted at individuals seeking simple and guaranteed insurance solutions. This plan provides a steady return over the medium term while minimising risk, and is the only tool in the market that covers the liabilities and provides money for a longer term to take care of the family’s monthly expenses.
The Future Generali Flexi Online Term Plan offers an option of a ‘Monthly Income Protection’ which provides a fixed sum of money until the retirement age (60 years) and acts as a substitute for the salary received every month.
With the rising price of goods and services, the same income after 10 years may not suffice to maintain the same lifestyle for the family, hence there is another option with inflation protection called ‘Increasing Monthly Income Protection’ where the cover grows at the rate of 10 per cent per annum even after the death of the life assured.
On the occasion of the launch, Munish Sharda, Managing Director & CEO, Future Generali Life Insurance said, “Our product philosophy has always been based on simplicity and we have kept our valued customers at the heart of our product development process. The online medium is fast gaining popularity and given the convenience, cost effectiveness and transparency of this medium, we launched our first Flexi Online Term Insurance Plan. This plan offers the customer a simple product that will address their protection needs at an extremely affordable price. This is the first online product that will get added to our existing suite and the two options will enable the customer to match the growing financial needs of the family and in a ‘true’ way help them sustain their lifestyle.”