Central Bank of India acquires Future Enterprise Limited’s 25.18% stake in Future Generali India Life Insurance, marking a strategic move to strengthen its presence in the insurance sector.
Central Bank of India acquires Future Enterprise Limited’s 25.18% stake in Future Generali India Life Insurance, marking a strategic move to strengthen its presence in the insurance sector.
Future Generali Sampoorn Loan Suraksha
Leave No Loan Behind
Protect your loved ones from unpaid loans.
Single Premium Payment
Pay once and stay covered, simple and stress-free
Support When Health Fails
Stay financially secure during a critical illness
Non-linked, Non-participating (without profits), Pure Risk Premium, Credit Life Insurance Plan. (UIN: 133N066V03)
Why Choose Future Generali Sampoorn Loan Suraksha?
What if life takes an unexpected turn? Who takes care of the loan then?
A group loan protection plan like the Future Generali Sampoorn Loan Suraksha ensures that if something happens to the borrower like an untimely demise, the loan liability is covered.
It shields families from sudden financial stress and helps lenders recover their dues smoothly. With this smart borrower loan insurance, both your loan and your loved ones’ future are in safe hands.
Protection Against All Loan Types
Covers home, personal, business, and other loans.
Save with Joint Life Cover
Get a 10% discount on each joint-life.
Flexible Cover Options
Pick from Single Life, Co-borrower, or Joint Life options.
Customizable Sum Assured
Choose sum assured that stays fixed, reduces with the loan, or follows your set plan.
Single Premium Option
One-time premium payment, no recurring charges.
Get Financial Security
Financial security in case of death and critical illnesses.
How to Buy the Future Generali Sampoorn Loan Suraksha Policy?
Getting started with your life insurance plan is easy, here’s how –
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Choose Your Plan Option
Essential Protection Plan: Base Cover
Critical Care Plan: Base Cover + Standard Critical Illness Cover
Comprehensive Health Shield: Base Cover + Extended Critical Illness Cover
Get Expert Advice from Your Trusted Life Insurance Partner!
Have questions? Get help and reliable support from experts at Generali Central Life Insurance.
Eligibility
Check if you qualify for loan protection coverage.
Entry Age
Minimum: 18 years (in case of other loan)
Maximum: 70 years
Maturity Age
Minimum: 18 years and 3 month (in case of Other loan)
Maximum: 75 years
Sum Assured Range
Maximum: No Limit (Will be based on the loan amount and is subject to Underwriting Policy)
At no point in time the reduced cover shall be less than the minimum Sum Assured of Rs. 10,000
Policy Term Range
Policy term for a member shall not be greater than the initial loan tenure.
Premium Payment Term
Minimum Group Size
Tailored Plan Options to Secure Your Future
Choose between flexible policy options that fit your needs.
Option 1
Basic life cover for peace of mind and family security.
Death. No Critical Illnesses are not included under this option.
Option 2
Covers life and 6 major critical illnesses for broader protection.
- Death or 6 standard Critical Illnesses,
as defined below, whichever occurs first - Provided diagnosis of any of the covered critical illness occurs within lower of policy term and 10 years.
Option 3
Extensive cover for life and 19 critical illnesses for maximum security.
- Death or 6 standard Critical Illnesses,
as defined below, whichever occurs first - Provided diagnosis of any of the covered critical illness occurs within lower of policy term and 10 years.
Offered Across All Plans
90 days from the date of Risk Commencement of the Policy or revival date (whichever is later)
Claims within 90 days are not payable; policy may terminate.
Claim amount follows Loan Schedule in Certificate of Insurance.
Critical Illness cover is limited to 10 years or initial loan term, whichever is lower.
No waiting period on revival if done within 90 days and prior waiting completed.
Cover ends after payout for any one insured event.
Benefits of Future Generali Sampoorn Loan Suraksha
Here’s what is offered with this life insurance plan –
Future Generali Sampoorn Loan Suraksha is a Single Premium Group Credit Term Insurance Plan which has been designed specifically for the new/existing customers of financial institutions. The Plan secures the credit/loan by providing death and critical illness cover to the borrowers.The Plan comes with 3 options:
The Plan will be offered under the following variants:
- Reducing Cover i.e. Under this variant, the Sum Assured (Life Cover) reduces in line with the Loan Schedule as provided in the Certificate of Insurance.
- Level Cover i.e. Under this variant, the Sum Assured (Life Cover) remains fixed during the Coverage Term.
Moratorium period from 1 month to 7 years is also available and the period is calculated in multiples of one month. Moratorium cover options available are
- With payment of interest during the moratorium period
- With no payment of interest during the moratorium period
Our Promise is Reflected in the Lives We've Touched
We bring experience, stability and a proven approach to supporting your family and financial goals.
1369Branches across India
897,635Lives Protected from Day One
₹87.84 Bnof Assets Under Management
98.08%Individual Claim Settlement Ratio
99.78%Group Claim Settlement Ratio
Data as on 31st March, 2025
Downloads
Everything you need to understand your policy, plan your future, and make informed decisions at your convenience.
Important Information & Resources
Understand your policy better with key details and insights into Future Generali Sampoorn Loan Suraksha plan.
Suicide exclusion under Death Benefit
In case of death due to suicide within 12 months from the date of commencement of risk under the policy or from the date of revival of the policy, as applicable, the nominee or beneficiary of the Policyholder shall be entitled to at least 80% of the total premiums paid till the date of death or the surrender value available as on the date of death whichever is higher, provided the policy is in force.
Exclusion under the listed Critical illnesses under Option 2 and Option 3-
Exclusions under Critical Illness
No Critical Illness benefit will be payable with respect to any listed condition arising directly or indirectly from, through, in consequence of or aggravated by any of the following:
- Pre-existing Disease: It means any condition, ailment, injury or disease:
That is/are diagnosed by a physician within 36 months prior to the effective date of the policy issued or its reinstatement by the insurer or
For which medical advice or treatment was recommended by, or received from, a physician within 36 months prior to effective date of the policy or its reinstatement.
Reinstatement means the revival of policy post expiry of grace period. No Critical Illness benefits shall be payable for any condition(s) which is a direct or indirect result of any pre-existing conditions unless Life Insured has disclosed the same at the time of proposal or date of revival whichever is later, and the Company has accepted the same.
Suicide exclusion under Death Benefit
For Master Policyholder:-In case you disagree with any of the terms and conditions of the policy/coverage, you can return the policy/Certificate of Insurance to the Company within 30 days of its receipt (whether received electronically or otherwise), for cancellation, stating your objections. We will refund the policy premium after the deduction of proportionate risk premium for the period of cover (If Applicable), stamp duty charges, cost of medical examination, if any and stamp duty.
For Insured Member: - On receipt of the Certificate of Insurance, the Insured Member may review the Terms and Conditions stated here in. In case the Insured Member is not satisfied with Terms and Conditions, he / she has an option to return the Certificate of Insurance to the Company within 30 days of its receipt (whether received electronically or otherwise),with a request for cancellation, stating reasons for the same. On such cancellation of the Certificate of Insurance,we will refund the premium after deducting a proportionate cost of insurance for the period covered (If Applicable); expenses incurred towards medical examinations, if any, and stamp duty.
Future Generali Sampoorn Loan Suraksha (UIN: 133N066V03)
- Tax benefits are subject to change as per tax laws.
- For detailed information on this plan including risk factors, exclusions, terms and conditions etc., please refer to the product brochure and consult your advisor, or, visit our website before concluding a sale. Tax benefits are as per the Income Tax Act 1961 and are subject to any amendment made thereto from time to time. If you have any request, grievance, complaint or feedback, you may reach out to us at care@generalicentrallife.com For further details please access the link: https://www.generalicentrallife.com/customer-service/grievance-redressal-procedure.
- Insurance is subject matter of solicitation.
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Got Questions? We’ve Got Answers!
Here are answers to some of the questions you might have.
The Future Generali Sampoorn Loan Suraksha plan is a group credit life insurance plan offered by Generali Central Life Insurance Company Limited. It is designed to provide life cover to borrowers, ensuring that in the unfortunate event of the borrower's death, the outstanding loan amount is repaid, relieving the family from the financial burden.
The Future Generali Sampoorn Loan Suraksha plan is available to individuals availing various types of loans such as housing loans, vehicle loans, personal loans, education loans, business loans, loans against property, merchandise loans, consumer durable loans, credit card groups, asset-backed loans, and gold loans. For most loans, the entry age is 18 to 65 years; however, for education loans, the minimum entry age is 14 years. The plan is typically offered through financial institutions to their borrowers
The primary benefit of the Future Generali Sampoorn Loan Suraksha plan is the repayment of the outstanding loan amount in the event of the borrower's death during the policy term. This ensures that the borrower's family or dependents are not burdened with loan repayment. Additionally, the plan offers tax benefits as per prevailing tax laws.
The policy term for the Future Generali Sampoorn Loan Suraksha plan ranges from 2 to 30 years, aligning with the tenure of the loan. The coverage is designed to match the loan repayment period, ensuring protection throughout the loan duration.
Yes, the Future Generali Sampoorn Loan Suraksha plan is a single premium plan, meaning the premium is paid once at the inception of the policy. The premium amount depends on factors such as the loan amount, loan tenure, and the borrower's age.