Take a Step To Secure Your Child's Financial Future~

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Why Child Education planning is necessary?

  • Your child is perhaps the most important part of your life, and giving them quality education is of utmost importance to you.
  • The cost of higher education is increasing day by day, and as a parent you would want your child to be studying in IIT, IIM, AIIMS, Harvard or other top institutes.
  • You need to plan your finances today and be prepared for tomorrow, making sure that your child has the best possible education and a bright future.
  • The financial planning will help you with sufficient funds at key milestones in your child’s life. Even in case of any unfortunate event, your child’s financial future will be secured.

Six Reasons To Plan For Your Child’s Education

Higher Education Costs

Once your child completes his/her schooling, he/she would like to study in top institutes. In such a situation you may have to withdraw some money from your personal savings. Planning for your child’s higher education today will help you to be prepared for the future.

Financial Security

Protect your family’s financial future against the uncertainties of life. In case of any unfortunate event, your child’s financial future must not be compromised, the returns should be sufficient to cover your child’s education expenses and future needs.

Maturity Benefits to meet Higher Education Expenses

The cost of higher education is increasing day by day. As a parent, if you have started investing early, then the corpus generated at the time of maturity can be used to pay college fees.

An Investment Tool With Life Insurance Cover

You can pay the premium installment in Yearly, Half-Yearly, Quarterly and Monthly mode. Hence you can plan your installment premium as per your budget and convenience. With consistent and disciplined savings, you will be able to safeguard the financial future of your child and get the benefit of Life Cover too.

Tax Benefits

When you purchase a ULIP – Unit Linked Insurance Plan, you also get tax benefits as may be applicable under Section 80C and 10(10D) ** thus it will help you to save on tax.

Fund for Medical Emergency

The invested amount can be withdrawn in times of medical emergency when the child is hospitalised due to, illness or some medical condition. It helps to reduce the financial burden caused due to unforeseen medical expenses.

Why Future Generali Big Dreams Plan?

  • We all want a little extra something in life. Same is true for our investments as well, so we have created a Unit Linked Insurance Plan just for that. With us, you can now dream much more.
  • Presenting the Future Generali Big Dreams Plan, a comprehensive Unit Linked Insurance Plan, that lets you create wealth while enjoying the benefits of an insurance plan at the same time. So go on and secure your Child’s long-term financial future and dreams!
  • This plan offers comprehensive benefits of Life Insurance cover along with Maturity benefits. Also avail Tax Benefit as may be applicable under Section 80C and 10(10D)**


When you purchase Future Generali Big Dreams Plan, you will get Tax benefit as may be applicable under Section 80C and 10(10D)**


We invest with you to maximise your wealth, you get 1% to 7% extra allocation* on your instalment premium. This ensures you reach your financial goals faster and create a fund for your child’s education.


Enjoy the benefit of life cover and secure your family’s future against the uncertainties of life.


You don’t have to pay premium allocation and administration charges


Based on the life goals you have planned, you get the flexibility to switch units amongst available funds and be control of your wealth##.


Experience ease of purchase as you buy the plan online in just a few clicks -anytime, anywhere.

Why Choose Us?

Future Generali India Life Insurance Company Limited is a joint venture between Future Group, India’s leading retailers; Generali, an Italy-based insurance major; and Industrial Investment Trust Ltd (IITL). The company brings together the unique qualities of the founding companies - local experience and knowledge with global insurance expertise. Future Generali India Life Insurance offers an extensive range of life insurance plan, and a network that ensures we are close to you wherever you go.

Frequently Asked Questions

Child education is becoming expensive as years pass by. As parents, we work very hard so that we can save enough to create an education fund for our child so that they don’t get the burden of the loan to pay when the time arrives. You need to plan your finances so that you make sure your child’s education and financial future is secured.

With Future Generali Big Dreams Plan, which is an ULIP – Unit Linked Insurance Plan you can build a fund so that you can accomplish your financial goals and minimize the risk of financial instability during occurrence of an unfortunate event at the same time since you get Life Cover too.

The cost of education is increasing day by day, to secure your child’s financial future, you need to start planning at an early stage so that you can build a corpus that will help you meet expenses of your child’s education. Therefore it is suggested to invest as early as possible.

ULIPs, Unit Linked Insurance Plan can be great wealth creating tools for the long term because of the diversity of funds offered. And they are ideal for those who want to start young to ride on the equity advantage. ULIPs, besides the tax advantage of up to Rs 1.5 lakh under Section 80C of the Income-tax Act, 1961, can be instrumental for long-term goals^^.

Yes!! Future Generali Big Dreams Plan is a ULIP (Unit Linked Insurance Plan),you can save tax up to ₹ 46,800 under Section 80C of Income Tax Act 1961. Tax benefit of ₹ 46,800 u/s 80C) is calculated at highest tax slab rate of 31.2% (including Cess excluding surcharge) on life insurance premium u/s 80C of ₹ 1,50,000. Tax benefits under the policy are subject to conditions under Section 80C and other provisions of the Income Tax Act, 1961. Goods and Services Tax and Cesses, if any, will be charged extra as per prevailing rates. Tax laws are subject to amendments made thereto from time to time.

In Future Generali Big Dreams Plan, you can pay the premium instalment in Yearly, Half-Yearly, Quarterly and Monthly mode. So you can plan your instalment premium as per your budget and convenience and secure the financial future of your child.

No!! You may choose from the 6 available funds (equity, debt and balanced funds) to invest and can switch between them anytime free of cost ## .

Riders are additional benefits that enhance the coverage of your plan. There are optional riders to enhance your financial protection and to secure yourself/your family against accidental disability or demise, which you can add as an additional protection.

There are two rider options available under Future Generali Big Dreams Plan:
  1. Future Generali Linked Accidental Death Rider (UIN: 133A025V01) and
  2. Future Generali Linked Accidental Total & Permanent Disability Rider (UIN: 133A026V01)
Figures as on 31 March 2019


The Linked Insurance Products do not offer any liquidity during the first five years of the contract. The policyholder will not be able to surrender/withdraw the monies invested in Linked Insurance Products completely or partially till the end of the fifth year.

Source^^:https://economictimes.indiatimes.com/wealth/insure/5-reasons-why-ulips-can-help-you-save-for-the-long-term/articleshow/62206565.cms Date of Publication: February 20, 2018
This is a Unit Linked, Non-Participating (without profits) Insurance Plan with life insurance coverage. *The amount of extra allocation depends upon the Annualised Premium and the policy year. The extra allocation applicable to the respective Installment Premium shall be added only when due premiums are paid within the Grace Period and the policy is in force. **Tax benefits are subject to fulfilment of prescribed conditions under the Section 80C and Section 10(10D) of the Income Tax Act. Tax benefits are subject to change from time to time. ##The amount to be switched should be at least Rs. 5,000. The switch request shall be processed as per the IRDAI guidelines.

~The mentioned quote is valid for 30 days from the quote generation date or next birthday whichever is earlier The actual premium or sum assured amount may change upon the assessment of the risk of the life insured. Any such change will be informed to you for your consent.

Unit Linked Insurance Products are different from the traditional insurance products and are subject to the risk factors. The Premium paid in Unit Linked Insurance policies are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the Policyholder/Insured is responsible for his/her decisions. Future Generali India Life Insurance Company Limited is only the name of the Insurance Company and Future Generali Big Dreams Plan is only the name of the Unit Linked Life Insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns. Please know the associated risks and the applicable charges, from your Insurance Agent or the intermediary or policy document of the Company. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns. Past performance is not indicative of future performance, which may be different.

For more details on this product including risk factors, terms and conditions, please read the sales brochure carefully and/or consult your Advisor and/or visit our website before concluding a sale. Future Group's, Generali Group's and IITL's liability is restricted to the extent of their shareholding in Future Generali India Life Insurance Company Limited. Future Generali India Life Insurance Company Limited (IRDAI Registration no. 133) (CIN No.: U66010MH2006PLC165288). Regd. & Corporate Office Address: Indiabulls Finance Centre, Tower 3, 6th Floor, Senapati Bapat Marg, Elphinstone Road (West), Mumbai - 400 013. Fax us at: 022 40976600. | Email: care@futuregenerali.in | Call us at 1800 572 9773 | Website: life.futuregenerali.in | UIN: 133L081V01

BEWARE OF SPURIOUS / FRAUD PHONE CALLS! IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.