Future Generali Future Varishta Bima Health Insurance

Future Generali Varishta Bima is a special insurance plan designed to take care of your parents medical expenses can be beneficial. Future Varishta Bima Health Insurance plan by Future Generali will cover all the important financial needs related to health issues that come up as people get older. This medical insurance plan is specifically for senior citizens who are 60 years old or above. It covers medical expenses on an indemnity basis, providing all the essential coverage features. You can get this health insurance for an individual or as a family floater, covering both you and your spouse.

The plan offers a sum insured of up to Rs. 10 lakhs (Rs. 2, 3, 4, 5, 7.5, and 10 lakhs) and can be taken for 1 to 3 policy years. There are limits on certain treatments, but the premiums are reasonable. Various types of discounts can reduce the premium, making Future Generali Future Varishta Bima Health Insurance more affordable. The best part is that you can choose to pay the premium annually, monthly, quarterly, or semi-annually. Let's read more about this plan to understand why it is a great choice for senior citizens.

Future Generali Varishta Bima Health Insurance At a Glance

Riders Available With Future Generali Future Varishta Bima Health Insurance

Mentioned below are additional covers available with Future Generali Future Varishta Bima Health Insurance:

• Road Ambulance Coverage: If your parents ever need to be transported to the hospital in an ambulance, this health insurance plan for senior citizens has got it covered. The insurance plan takes care of the charges for road ambulance services, ensuring a safe journey during a medical emergency.
• Free Annual Medical Check-up: As part of the insurance plan, the insurer provides a complimentary annual medical check-up. This means your parents can have a thorough health examination at no extra cost, helping to catch any potential health issues early on.

Key Features of Future Generali Varishta Bima Health Insurance Plan

The following are the critical features of the Future Generali Future Varishta Bima Health Insurance plan:

• Family Discount: If two or more family members are covered in the same policy, you get a family discount.
• Flexible Premium Payments: You can pay your premium monthly, quarterly, or half-yearly with a maximum loading of 5%.
• Wide Coverage: The insurance plan offers a broad range of protections, encompassing various medical expenses, treatments, and services.
• Co-payment Options: There's a co-payment for each claim. It's 50% for pre-existing diseases and 25% for other claims. But, you can choose to waive off co-payment by paying an extra premium.
• Tax Benefits: Premiums paid through any method other than cash can get you tax relief under Section 80D of the Income Tax Act.
• Easy Renewal Process: You get a 30-day grace period for easy plan renewal after it expires.
• Penalty-Free Look-up Period: Within 15 days of purchasing this health insurance plan, you can cancel it without any penalty.

Eligibility Criteria of Future Generali Future Varishta Bima Health Insurance Plan

The eligibility criteria for Future Generali Future Varishta Bima Health Insurance Plan are as follows:

Benefits of Varishta Bima Future Generali Health Insurance Plan

The benefits of this health insurance plan are as follows:

• Family Benefits: Enjoy a family discount when two or more family members are covered in the same policy under the Individual Sum insured option. It's a great way to ensure comprehensive coverage for your loved ones at a discounted rate.
• Long-Term Savings: Opt for an upfront premium payment for a long-term policy and get a discount of up to 10%. This is a smart choice for those looking for extended coverage with added savings.
• Health Conscious Discount: Produce the latest medical reports within 15 days of tests, along with the proposal form, and receive a 10% discount for Sum Insured options of Rs. 2, 3, 4, and 5 lakhs. It's a reward for prioritising your health, available for the initial policy term.
• Flexible Premium Payment: Enjoy the convenience of paying premiums in installments - monthly, quarterly, or half-yearly. With a maximum loading of 5%, this option ensures flexibility without compromising on financial planning.
• Co-Payment Options: Co-payments apply to each claim, excluding those related to pre and post-hospitalisation. Choose between a 50% co-payment for pre-existing diseases and a 25% co-payment for all other claims. Alternatively, waive off co-payment with an additional premium payment.
• Procedure-Specific Limits: For specified procedures, sub-limits apply under this policy. The good news is that co-payment won't be a concern for these specified procedures, ensuring comprehensive coverage without additional financial burdens.
• Tax Benefits: Premiums paid through any mode other than cash are eligible for tax relief under Section 80-D of the Income Tax Act, offering additional savings while securing your health.
• Easy Renewal: Benefit from an easy renewal process with a 30-day grace period to renew your plan after expiry.
• Free Look-up Period: Last but not least, with the Future Generali Future Varishta Bima Health Insurance plan you can enjoy a penalty-free look-up period within 15 days of purchase, allowing you to cancel the policy without financial consequences.

Inclusions of Future Generali Future Varishta Bima Health Insurance Plan

Listed below are the inclusions of the Future Generali Future Varishta Bima Health Insurance policy:

• Inpatient Care: The plan covers the costs of your hospital room and nursing expenses as set by the hospital or nursing home. For non-ICU rooms, it's up to 1% of the Sum Insured per day. Please note that Co-payment applies if the room rent exceeds the entitled limit.
• Additional Inpatient Expenses: Future Generali Future Varishta Bima Health Insurance takes care of various inpatient expenses, including medicines, diagnostic materials, X-rays, operation theater charges, and fees for consultants and specialists.
• Pre and Post-Hospitalisation: This health insurance plan by Future Generali has you covered not just during hospitalisation but also 60 days before and 90 days after.
• Day Care Expenses: The coverage of this insurance plan extends to 400+ different medical procedures, even those that don't require overnight stays.
• Validity of Medical Reports: Medical reports remain valid for 30 days from the date of testing, with all tests conducted at our approved diagnostic center.
• Additional Benefits: Future Generali covers the charges for road ambulance services and prioritise your parents' well-being by offering complimentary annual medical check-ups.
• Pre-Acceptance Medical Tests Conditions: Pre-insurance medical examinations will be conducted based on medical declarations in the proposal form, the chosen sum insured, and the age of the member. Furthermore, the insured person is eligible for a 50% reimbursement of pre-insurance medical test charges upon policy issuance.

Exclusions of Varishta Bima Future Generali Health Insurance Plan

Following are the exclusions of Future Generali Future Varishta Bima Health Insurance plan:

• External Congenital Illness or Disease: This exclusion means that the insurance won't cover medical expenses related to health issues that a person is born with or has from birth.
• Illness or Injury Due to War, Invasion, or Similar Activity: If someone gets sick or injured as a result of war, invasion, or similar activities, the insurance won't cover the medical costs.
• Illness or Injury Under the Influence of Alcohol, Drugs, or Similar Substances: If someone falls ill or gets injured while under the influence of alcohol, drugs, or any other similar substance, the insurance won't cover the medical expenses.
• Treatments Such as Hormone Replacement, Sex Change, etc: Certain specific treatments, like hormone replacement therapy or procedures related to sex change, are not covered by the insurance.

Documents Needed for Future Generali Future Varishta Bima Health Insurance

You are required to submit the following documents to buy the Future Generali Future Varishta Bima Health Insurance plan:

• A duly filled Application Form.
• Identity Proof (Aadhar card, Passport, Voter ID, or Driver's license).
• Age Proof (Birth Certificate, School Leaving Certificate, or Passport).
• Address proof (Utility Bills, Rental Agreement, or Aadhar Card).
• Passport-sized photos
• Pre-policy health check-up reports might be required in some cases
• Any other documents requested by the insurance company.

How to Buy Future Generali Future Varishta Bima Health Insurance Plan?

Follow the steps mentioned below to buy the Future Generali Future Varishta Bima Health Insurance Plan through InsuranceDekho:

• Step 1: Visit the InsuranceDekho website and click on "Health Insurance" under the Insurance section.
• Step 2: Select "Future Generali Health Insurance" from the list of Health Insurance Companies.
• Step 3: Now, click on "Future Varishta Bima Health Insurance" plan from the available list of options.
• Step 4: Make sure you review the terms and conditions in the Future Varishta Bima Health Insurance policy document carefully.
• Step 5: Complete the KYC process by uploading all the required documents.
• Step 6: After the completion of the KYC process, pay the health insurance premium online.
• Step 7: Lastly, you will receive the policy document in your email.

Claim Process for Future Generali Future Varishta Bima Health Insurance Plan

You can claim the Future Generali Future Varishta Bima Health Insurance Plan in two below-mentioned ways:

Cashless Claim

• Visit a hospital in the Future Generali network.
• Provide your Future Varishta Bima Health Insurance plan details and other information.
• Submit the required documents, and the insurer will approve the medical expenses.
• The insurance company will directly pay the hospital after reviewing the claim.

Reimbursement Claim

• Choose a nearby hospital in the Future Generali Insurance network.
• Pay your medical bills at the hospital.
• Request a reimbursement claim on the insurance company's website.
• Submit the Future Generali Future Varishta Bima claim form and all plan-related information.
• After the insurance company checks your claim, they will reimburse you for the medical expenses.