*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
Future Generali Health Insurance is one of the most sought after insurance products in the market. The insurer started its operations as a joint venture of Future and Generali. The former is an Indian business conglomerate, and the latter is a reputed Italian insurance provider. The venture began its operations in September 2008, offering a wide variety of insurance plans. Headquartered in Mumbai, this leading health insurance company has a wide array of Network Hospitals which are 4500+ as on date with an Incurred Claims Ratio of 87.42% and Claim Settlement Ratio of 69%.
Giving an option of a lifelong renewability to its customers under its health insurance and a Waiting Period of 4 years for covering pre-existing illnesses, Future Generali Health Insurance Company boasts of 125+ locations all over India and 99.73% grievances resolved ratio.
Future Generali Health Insurance offers some of the best medical insurance plans in the country like the Mediclaim Insurance, Personal Accident coverage, Hospital Cash. Aarogaya Sanjeevani, Corona Rakshak, Critical Illness and many more to protect the policyholders against unfortunate and uncalled health emergencies, which take a toll on the finances of the affected person. To support and secure a person’s monetary situation in case of a medial contingency, Future Generali has stepped in, providing some of the most beneficial health insurance plans that cater to medical emergencies.
The main reasons for availing health insurance from Future Generali are:
Here is a list of features and inclusions that indicates the comprehensive nature of Future Generali Health Insurance:
Future Generali Health Insurance company focuses on providing the utmost quality, great customer experience, and, above all, runs a smooth claim settlement process, which is the USP of the insurance company. The prime benefits of this policy are:
Future Generali Health Insurance can be availed in following types:
The various Future Generali health insurance plans are explained below:
A child is eligible for this policy from the very first day of born . And it has no maximum age limit. Children below the age 18 years of age don’t require medical tests under any plan. The minimum term for this health insurance plan is 1 year and maximum is 3 years. The maximum sum insured here is 1 crore.
Special Features:
It offers three options: - Vital, Superior, and Premier.
Medical Test:
Anyone in the age range of 18- 70 can apply for this health insurance plan.
And children in the age range of 3-25 can apply as dependents. The sum insured depends on the monthly income. The policy term can be availed as 1 to 3 years
The policy also offers 24*7 worldwide coverage.
Special Features:
There are three variants under this plan:
This policy can be availed by the age group form 1 day to 65 years old. The sum insured per annum ranges between Rs 10,000 and Rs 75000.
Policy Term is 1 to 3 years.
Special Features:
Lump-sum amount: The policyholder receives 100% sum insured in the instances of hospitalization due to the following diseases:
The policy is meant for the children – 6 years to 25 years, Adults – 18 years to 65 years. The policy coverage can be availed as:
Special Features:
The policy comes with the following eligibility criteria
Special Features:
This policy comes with the following eligibility criteria
A Sum Insured of Rs 1 – 50 lakh is available. The policy also offered a grace period of 30 days.
Special Features:
Lump-sum benefit: This is available after three months of taking the policy. The claimant should have survived four weeks after diagnosis. Your Future Criticare covers the following instances:
Coverage for the first-time occurrence of the following:
The eligibility to avail this policy includes:
The sum insured and deductible depends on the plan one chooses ranging from 3 - 5 lakh. Reimbursement of 50% of test charges if the individual has opted for any policy. Policy Term is 1 year.
Special Features:
The minimum entry age is day 1 to 25 years for the children. Adults can be added from 18 years.
Coverage:
Special Features:
Available in 4 variants, the minimum eligibility to avail this plan is:
The policy sum insured can be availed as Rs 50000 – 10 lakh.
Special Features:
Offers four different Plans:
This policy is introduced by IRDAI to deal with the outbreak of COVID-19. Some of the salient features of this policy include:
The policy is designed for the age group between 18 years and maximum 70 years. Children can be added from day 1 to 18 years. Above 50 years of age, medical screening is compulsory. The coverage of Rs 2.3.and 5 lakh is available.
Special Features:
The policy is available for person with the age minimum-60 years, There is no maximum entry age.
Coverage and Special Features:
Below mentioned are the medical expenses that are excluded from the terms and conditions of Future Generali Health Insurance Policy:
Entry age |
Adults-18 years to 65 years (NA in many cases) Children-1 Day to 25 years (Senior citizens the minimum age is 60 years) |
Policy Term |
1, 2 or 3 years |
Sum Insured |
Minimum – Rs 3 Lakh Maximum – Rs 1 crore |
Medical Test |
Above the age of 50 years, a medical test is compulsory |
Renewal |
Lifetime |
Premium Payment Options |
Yearly, half-yearly, quarterly or monthly |
Policy Coverage Options |
Individual basis, covering up to a maximum of 4 applicants, Family Floater and Group Insurance available |
Claims can be made in both ways – Cashless claims will be entertained if the medical expenditure is done through one of their network hospitals. Reimbursement claims - for any other hospital, a reimbursement can be filed for the medical expense done by the policyholder.
Claim procedure is quite swift and convenient, provided the necessary documentation and properly filled forms, and submitted to the health insurance company on time.
The following steps are to be followed to claim Future Generali Health Insurance policy:
In case of Reimbursement claims, the policyholder will have to initially bear the costs himself.
The following documents are to be submitted along with the claim form:
Future Generali offers lifetime renewability of its health insurance policies, and the process is stated below. The policy can be renewed easily with paisawiki.com by following the below steps:
Health Insurance Plan under Future Generali can be bought by both the ways – Offline and Online.
In an offline method the applicant can visit any of the nearest branches or seek assistance from the authorized representative for support. An application form needs to be filled and he would need to pay the premiums to buy the plan.
The online mode of buying Future Generali health insurance plans is much easier and accessible:
The following documents are required to buy this policy:
With rave and excellent reviews by hundreds of customers, the rating given to Future Generali is 4.5 out of 5, and it has also been rated as one of the top Health Insurance Companies in India.
For premium payment, one can opt for the automatic ECS system (auto-debit facility), or the insured can pay it through cash/cheque or through online payment procedures. Similarly, renewal can be done online or through cash or cheque by visiting a nearby branch or through a professional agent or broker.
Any medical treatment that is taken by the policyholder within his house premises and cannot be treated in a hospital either because his condition is too fragile or because of lack of amenities and comforts at the hospital is called Domiciliary Hospitalization which is covered by Future Generali Health Insurance Plans. In day-care treatment, medical expenses are incurred on a health issue, but no hospitalization takes place. This too is covered by the insurance company
A policy that has a single sum insured covering all the family members – which is called a float amount that is divided amongst the family of the employee or the insured is called a floater policy.
A few policyholders are eligible for this cumulative bonus feature as per the eligibility criterion of the insured, terms and conditions of both the product and the insurance company, and it is up to 50% (maximum) of sum insured.
Health Insurance is only a part of Future Generali Group; it offers other insurances like Life Insurance, Motor Insurance, Home Insurance, and Travel Insurance.
The biggest advantage of a network hospital is to be eligible to avail of a cashless medical treatment that will be directly covered by the insurance company rather than from the pocket of the policyholder. These hospitals should be under agreement with the TPA of the health insurance company.
The Plans are as follows:
It offers three options: - Vital, Superior, and Premier.
All options offer individual and floater coverage.
You also get the opportunity to renew it all your life.
For the vital Plan, a family includes:
And for the Superior and Premier plans, the family includes:
Vital Plan - Test not required up to 50 years of age, a test is required above 50
Superior Plan - Medical tests required from 18 years of age
Premier Plans - Medical tests required from 18 years of age
The following conditions will be excluded to generate a claim in case of contraction of the Coronavirus: