Future Generali India Life Insurance Company Limited (FGILI), a joint venture between Future Group – the leading retailer of India, Generali Group – a global insurance group and one of the world’s 50 largest companies* and IITL – a leading NBFC, today announced the launch of Care Plus Plan which is a pure Term Insurance Plan.
The Insurance industry in India has undergone significant transformational changes over the last decade; however, majority of the population still remains uninsured. The need for life insurance stems from the need to provide financial security to the family, through a robust value proposition and offer high quality, simple and convenient products and services.
Future Generali Care Plus is a simple protection plan, which provides financial security to family at extremely affordable rates. This products offers two options – Future Generali Care Plus Classic Option for insurance cover up to Rs. 25 lakhs and Future Generali Care Plus Premier Option for insurance cover of Rs. 25 lakhs and above. Non-smokers get a preferential rate under the Future Generali Care Plus Premier option. There are tax deduction benefits under Section 80C and Section 10(10D) of the Income Tax Act.
On the occassion of the launch, Mr. Munish Sharda, Managing Director & CEO, Future Generali India Life Insurance said, “I truly believe that the quintessential purpose of life insurance is to provide protection and financial security to an individual and his family in case of any eventuality, and therefore efforts need to be made to bring the core objective of protection to the forefront.
We at Future Generali believe in offering simple and affordable life insurance solutions to our valued customers that ensure their financial well-being. This plan provides financial security at affordable rates, with no hidden costs, keeping in mind the customers’ requirements.The launch of this product is a step towards augmenting our next phase of growth.”
