Future Sanjeevani would offer comprehensive features like coverage up to 99 years, premium payment options of single premium, 5, 10, 15 and whole life, a press release issued here stated.
It also has four optional riders and additional loyalty units.
Future Generali plans to distribute this product through its multi-channel distribution network and in all its 43 branches across 31 locations in India.
The company has introduced an innovative channel of providing total insurance solutions through Mallassurance in May, effectively employing the Future Group's retail presence Big Bazaar, E-Zone, Food Bazaar, Home Town, Pantaloon and others, providing yet another value addition to customers.