Future Generali India Life Insurance, the joint venture between Future Group of India and Generali Group of Italy, has launched two new individual life insurance products.

Dubbed as Future Generali Bima Gain and Future Generali Pension Guarantee, these plans will offer an array of benefits to the policyholders.

Available for customers in the age group of eight to 65 years, Bima Gain is a unit linked, single premium life insurance plan which caters insurance cover up to 10 times the single premium.

Apart from providing adequate protection, the plan works as a better investment option with a choice of six investment funds to suit risk appetite of the customers.

Suitable for age groups of 20-70 years, the Pension Guarantee plan ensures a comfortable retired life, providing a maturity sum assured and an accrued compounded revisionary bonus.

The premiums for both life insurance can be reimbursed on monthly by ECS and half yearly or yearly basis, with a minimum annualized premium of INR11,000 ($179.28).

Future Generali India Life Insurance Company CEO & whole time director Gorakhnath Agarwal said the funds are intended to meet the demands of its ever increasing customer base.

"By making just one payment for adequate life protection and wealth creation, Future Generali Bima Gain allows the insured flexibility to switch investment in funds, access money invested at any time by way of partial withdrawals after the completion of 5 years lock in period.

"With its benefits Future Generali Pension Guarantee helps you ensure a worry free, comfortable post-retirement life for yourself and your spouse," Agarwal added.