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
