Private sector life insurance player Future Generali
India Life Insurance Company Ltd Tuesday announced the launch of its new
product 'Care Plus', a simple and affordable pure term insurance plan.
On the launch, Future Generali India Life MD & CEO Mr. Munish Sharda said, “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."
Since the Indian insurance sector was opened for private and foreign companies in year 2000, the industry has witnessed a significant growth and transformational changes; despite that, merely 4 per cent of the population has got insured cover as of now, which is, of course, a serious matter of concern.
This new offering of Future Generali is a simple pure protection plan, which provides financial security to family at extremely affordable rates. It comes with two options “First, Future Generali Care Plus Classic, which is for those seeking insurance cover up to Rs. 25 lac. Second, Future Generali Care Plus Premier, which offers protection cover of Rs. 25 lac and above.
Under the Future Generali Care Plus Premier option, non-smokers can avail discount on premium. Customers can avail tax deduction benefits on premiums paid under the Section 80C and Section 10(10D) of the Income-Tax Act.
On the launch, Future Generali India Life MD & CEO Mr. Munish Sharda said, “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."
Since the Indian insurance sector was opened for private and foreign companies in year 2000, the industry has witnessed a significant growth and transformational changes; despite that, merely 4 per cent of the population has got insured cover as of now, which is, of course, a serious matter of concern.
This new offering of Future Generali is a simple pure protection plan, which provides financial security to family at extremely affordable rates. It comes with two options “First, Future Generali Care Plus Classic, which is for those seeking insurance cover up to Rs. 25 lac. Second, Future Generali Care Plus Premier, which offers protection cover of Rs. 25 lac and above.
Under the Future Generali Care Plus Premier option, non-smokers can avail discount on premium. Customers can avail tax deduction benefits on premiums paid under the Section 80C and Section 10(10D) of the Income-Tax Act.
Source: http://www.insuringindia.com
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