Future Generali Group Credit Suraksha is a product specially designed to help keep
your debts from becoming a burden to your family.thereby providing financial security
to the family members. In simple terms, in the event of the death of the loanee,
the financial burden of the loan is met by the insurance policy and does not pass
on to the dependent family members or their estate.
- Future Generali Group Credit Suraksha is a Single Premium Term Assurance plan which
is designed specifically for financial institutions to provide life coverage to
their new as well as existing borrowers.
- A wide range of loans, which includes mortgage, auto loan, education loan, personal
loan, credit card group, etc can be covered under the scheme.
- The plan can be taken on single life as well as on joint life.
- The plan will be offered in two forms – (i) Decreasing Term Assurance Plan (ii)
Level Term Assurance Plan.
- Increased Insurance coverage can be opted for in case of top-up/additional loans.
- Right age to take this plan - 18 to 60 years with coverage upto a maximum of 65
years.
- Sum Assured starting from Rs. 20,000 onward based on individual underwriting considerations.
- Policy Term ranging from 2 to 30 years.
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