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Future Generali Smart Life

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This plan has been withdrawn by the insurance company and is no longer available for sale.

Future Generali Smart Life Insurance Plan

Future Generali Smart Life is a basic term plan where the nominee would get the coverage amount in the event of the death of the life insured during the policy term. The policy holder or the nominee would get nothing if the policyholder survives till the maturity date of the policy. This plan can be purchased only from the Future Generali website and hence it is very competitively priced.

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Key Features of Future Generali Smart Life

  •  Pure term insurance plan with no maturity benefit.
  • Standard rates for smoker and non-smokers
  • No medical test required up to age of 45 for sum assured up to Rs.30 lacs
  • Provides large sum assured rebates
  • Available only online
Have any doubts that need to be clarified? Request a Call Back


Benefits you get from Future Generali Smart Life

Death Benefit – In case of death of the policy holder, the nominee gets the sum assured as death benefit.
Maturity Benefit – There is no maturity benefit under this plan.
Income Tax Benefit - Life Insurance premiums paid up to Rs. 1,50,000 are allowed as a deduction from the taxable income each year under section 80C
Sum Assured Rebates - A rebate / discount is offered to those policy holders who are buying large sum assured. The discount rate is shown in the below table.

Sum Assured (Rs.)

Rebate per 1000 SA

< 25 lakh


25 lakh to 50 lakh



Eligibility conditions and other restrictions in Future Generali Smart Life




Sum Assured (in Rs.)



Policy Term (in years)



Premium Payment Term (in years)

Equal to Policy Term

Equal to Policy Term

Entry Age of Policyholder (in years)



Age at Maturity



Single premium



Payment modes



Sample illustration of premium amount in Future Generali Smart Life

 The below illustration is for a healthy Male (non-tobacco user) opting for a Sum Assured = Rs. 10 lakhs and Policy Term = 25 years



Additional Features and Benefits of Future Generali Smart Life

Riders – There are no riders available in this policy


What happens if?

You stop paying the premium - If the policy holder stops paying the premium, then all benefits of the policy will stop after the grace period ends. You can however revive the policy within 3 years from the first unpaid premium.

You want to surrender the policy – There is no surrender options available under this plan.

You want a loan against your policy – Loan facility is not available under this policy.


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