About Future Generali India Insurance Company Ltd.
Future Generali India Insurance Company Limited is a collaboration between the Generali Group, a global insurance leader with a 190-year legacy holding a 74% majority stake, and the Future Group. Established in 2006, the company offers a range of insurance solutions for retail, commercial, personal, and rural needs, helping individuals and businesses manage and mitigate risks effectively.
Future Generali Group Personal Accident Insurance Inclusions
Universal Sompo Group Personal Accident Insurance covers the following:
- Accidental Death
- Permanent Total Disablement
- Permanent Partial Disablement
- Temporary Total Disablement
Future Generali Group Personal Accident Insurance Add-ons
The add-ons under Universal Sompo Group Personal Accident Insurance are as follows:
- Accidental Hospitalisation
- Family Transportation
- Daily cash allowance during hospitalisation
- Child education support
- Accidental medical expenses
- Funeral expenses
- Repatriation cover
Exclusions in Future Generali Group Personal Accident Insurance Policy
The exclusions under Future Generali Group Personal Accident Insurance are as follows:
- Intentional Self Injury
- Participating in motor racing or trial run as a driver, co-driver or passenger
- Pregnancy, childbirth, miscarriage, abortion or complications arising out of these
- Nuclear Energy, Radiation
- Any expense incurred which is not exclusively medical in nature, unproven or experimental treatment of any description
- Under the influence of drugs, alcohol & other intoxicants
- Loss due to childbirth or pregnancy
- Participation in felonies, riots, war etc.
Sum Insured in Future Generali Group Personal Accident Insurance:
| Event |
Percentage of Sum insured |
| Accidental Death |
100% |
| Permanent Total loss of sight of both eyes |
100% |
| Permanent total loss and physical separation of or the loss of ability to use one hand and one foot |
100% |
| An arm at the shoulder joint |
75% |
| An arm above the elbow point |
70% |
| A hand at the wrist |
50% |
| A thumb |
25% |
| A leg up to the beneath knee |
50% |
| An Index Finger |
10% |
| Any other finger |
5% |
| A leg up to mid-thigh |
60% |
| A leg above mid-thigh |
75% |
| A leg up to beneath the knee |
50% |
| A leg up to mid-calf |
45% |
*The above rates may change. Please check the policy wording for more details.
Fraud
The company will not be held responsible for making any claim if it is due to fraudulent activities or supported by any fraudulent means.
Discounts
The company offers a low claim ratio Discount at the following rates on the Total Renewal. It depends upon the incurred claims ratio for the entire group insured under the Group Personal Accident Policy.
| Incurred Claim ratio under the Group Policy |
Discount Percentage (%) |
| Up to 20% |
25 |
| 21%-35% |
15 |
| 36%-50% |
10 |
| 51%-60% |
5 |
*The above rates may change. Please check the policy wording to get more details.
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