FUTURE GENERALI INDIA LIFE INSURANCE LAUNCHES ‘JAN SURAKSHA’ PLAN

Future Generali India Life Insurance Company Limited (FGILI), a joint venture (JV) between India' s Future group and Italy-based global insurer –   Generali, launched Jan Suraksh plan, aimed at targeting Indian’ s living in rural areas on Thursday.
The newly launched product is a non-linked, non-participating plan that provides a life cover at an affordable cost through a one-time premium payment.

Munish Sharda, Managing Director & CEO, Future Generali Life Insurance, said, “ The Indian rural market is still under-penetrated in the life insurance segment and there is a lot we can do in that space. It is important to reach out and provide protection to the most vulnerable."

" Through our new product Future Generali Jana Suraksha, we aim to help households weather the impact that a death of a breadwinner can have on a family. This is a simple product, which offers the essential security of life insurance," Sharda added further.

Generali group is among the top global insurers and earned more than US$74 million in 2014 and has presence across West European, Central Eastern Europe and Asia.

Plan at a glance:  

                                   Minimum         Maximum
Entry Age (In Years)     18                  50
Premium payable (In Rs.)  500          750
Policy Term (In Years)      8      
Premium Payment Term: Single Term
Tax Benefits                         Yes