Future Generali Future Aarogya Bima: Benefits, Features, Renewal

Future Generali Future Aarogya Bima

Future Generali Future Aarogya Bima policy is a beneficial and affordable health policy that will cover your entire family and give them access to quality healthcare. It provides a cashless facility and covers significant expenses that ensure that treatment happens in a hassle-free manner. Most importantly, their significant coverage ensures that you don't need to dip into your savings to fund a medical emergency.

Type	Individual/Floater basis
Sum Insured	Rs 2 lakh, 3 lakh, 5 lakh
Plan Options	3 types, based on Co-payment options
Policy Tenure	1 year
Renewability	Lifelong

Coverage Offered

This particular Future Generali Health Insurance promises to cover for a family member from Day 1 to 70 years after that till lifetime. The Sum Insured options are Rs 2 lakh, Rs 3 lakh, and Rs 5 lakh. There are three plan options available:

Plan A: Compulsory Co-payment of 10%
Plan B: Compulsory Co-payment of 10% and additional Co-payment of 20%
Plan C: Compulsory Co-payment of 10% and additional Co-payment of 30%

The essential components that Future Generali Future Aarogya Bima Insurance Policy covers are as follows:

Inpatient Treatment: This includes room rent, nursing expenses, medicines, drugs, Operation Theater charges, X-Ray, diagnostic materials, fees of specialists, etc.
Other Expenses: Expenses incurred during day-care treatment, pre-hospitalization medical expenses (60 days), and post-hospitalization medical expenses (90 days) come under this category. Pre-and post-hospitalization are subject to 2% of the Sum Insured option.

Inclusions of the Future Generali Future Aarogya Bima Health Insurance

Alongside the basic coverage offered by Future Generali Future Aarogya Bima Health Insurance, the insured as certain additional benefits:

The health insurance doesn't require a pre-insurance medical examination if the insured in question is up to 50 years.
However, if the insured is 51 years and above, a pre-acceptance medical assessment is mandatory. Upon issuance of the policy, the insured will receive 50% reimbursement.
Pre and Post Hospitalisation Coverage is offered up to certain days.
The policy also offers coverage for day care treatment.
The policy comes with family savings options in case more than two members are covered.
A certain percentage of co-payment is applicable in every claim as per the plan variant chosen.

Exclusions of the Policy

The following heads of expenditure are not covered by the Future Generali Future Aarogya Bima Health Insurance:

Pre-existing diseases until 48 months from the date of the beginning
Any illnesses that happen during the first 30 days from the start of the policy (except accidental injuries.)
Surgeries like cataracts, tumors, gallstones, renal stones, and hernia will be covered only after a waiting period of 24 months.
STDs (except AIDS /HIV, which will be covered after 48 months).
Injury or illness due to alcohol or drug abuse
External congenital anomaly
Hormone replacement therapy or sex alteration treatments
Illness or injury resulting due to war, invasion, riots, unlawful activities, etc.

For a detailed list of exclusions, please refer to the policy document.

Future Generali Future Aarogya Bima Policy: Features and Benefits

The Future Generali Future Aarogya Bima offers the insured several features:

Family floater benefit
Smooth portability options for the Future General Future Aarogya Bima Health Insurance
30-day Free Look Period to cancel the policy.
Premium savings in the case of upfront premium payment for a long-term policy up to 10%.
When you opt for Future Generali Health Insurance, a premium paid by any mode receives tax relief as per Section 80-D of the Income Tax Act.
There is no premium loading even in case of adverse claim records.

Eligibility Criteria

The minimum eligibility criteria to buy this plan are:

Maximum Entry Age	18-70 years (entry age of proposer)
Minimum Entry Age	From birth-25 years (entry age of the child)
Number of people covered	Individual Floater: Self, Spouse, Up to 4 dependent children (Unmarried and up to the age of 25 years), and 2 dependent parents. Family Floater: Self, Spouse, and Up to 3 dependent children (Unmarried and up to the age of 25 years).
Residential Status	Indian residents and citizens

Cancellation of the Policy

The Free Look Period gives the insured the option to review the coverage and terms and conditions. If he/she is not satisfied with the policy, it can be returned within 15 days of the receipt of the policy documents. Provided no claim has been made. The insurer will refund the premiums as per the rules stated in the policy wordings.

FAQs

Q. What is the policy term for Future Generali Future Aarogya Bima?

Ans: The minimum policy term is 1 year, and the maximum policy term is 2 years.
Q. Are there any limits to claim for pre-and post-hospitalization?

Ans: The combined expenses for pre-and post-hospitalization are limited to up to 2% of the chosen Sum Insured option.
Q. How do I pay the premium if I wish to avail the 80D certificate for tax deduction?

Ans: The premium must be paid via Credit Card/Debit Card, Net Banking, or Cheque (not cash).
Q. Are there any provisions for an online Future Generali Future Aarogya Bima?

Ans: To know more about this, you can send an email or call on helpline numbers of the insurer. Alternatively, all documents (brochure, claims form, and policy wordings) are available on the official website.
Q. What do I receive after I buy Future Generali Health Insurance?

Ans: With 12-15 days of purchasing, you will receive the health card, policy schedule, premium receipt, 80D certificate, Policy Coverage, and Terms and Conditions, Claim Form, Feedback Form, and Grievance Redressal.