Compare & Buy Car, Bike and Health Insurance Online - InsuranceDekho
Claim, renew, manage & moreLogin

Future Generali Future Varishta Bima Health Insurance

114 reviews Rate This
Future Generali Health Insurance
Future Varishta Bima
Claim Settlement Ratio94%
Network Hospitals8,400+
Cashless Approval TAT2 hr Cashless Claim Processing
Special BenefitsComplimentary Teleconsultation

About Future Generali Future Varishta Bima Health Insurance

Future Generali Future Varishta Bima Policy is a senior citizen health insurance plan. The plan covers medical expenses incurred by senior citizens, aged 60 years and above, on an indemnity basis. All the basic coverage features are available and the medical insurance plan can be taken on an individual or family floater basis. Family floater basis can be taken to cover self and spouse. Sum insured of up to Rs. 10 Lakh is available under the plan and the policy can be taken for 1 to 3 policy years.

There are sub-limits on specified treatments and the plan’s premiums are affordable. Moreover, there are different types of premium discounts which lower the premium charged and make it affordable. The premium can also be paid annually, monthly, quarterly or semi-annually. Thus, the plan offers good coverage at affordable health insurance premiums and is very suitable for senior citizens looking for health insurance coverage.

Health Insurance Calculator

Whom do you want the insurance for ?


Select the age of all members

  • You

Where do you live ?

Choose required Coverage for yourself?

2 Lac
3 Lac
5 Lac
10 Lac
25 Lac
Disclaimer : Actual Premium might vary basis your location, age and number of members
Need help?

Get FREE Personalized Insurance Advice At Your Home

Key Inclusions and Exclusions of the Plan

What's Included

  • Inpatient hospitalisation covered up to the sum insured
  • Pre and post hospitalisation covered for 60 days and 90 days up to a combined specified limit
  • Free annual health check-ups from the second policy year
  • Ambulance costs covered up to Rs. 1000
  • Day care treatments up to the sum insured

What's Not Included

  • Pre-existing illnesses within the first 12 months of buying the plan
  • Outpatient dental treatments
  • Mental or psychiatric treatments within the first 48 months of buying the plan
  • Alcohol and/or substance abuse
  • HIV/AIDS infection within the first 48 months of the policy

1858 Future Generali Cashless Network Hospitals in India

Choose Future Generali Critical Illness Plan

Future Varishta Bima User Reviews

Write your review
What users are saying
  • All
  • I came to know about cashless mediclaim from InsuranceDekho. It provided me with every detail about how and wh...

    Read More
    By Soumyajyoti Raha
    On: Nov 11, 2020
  • This is a new purchase for me. Someone at insurancedekho told me about this plan and i liked it. Finally my mo...

    Read More
    By Trilochan Pant
    On: Feb 24, 2020
  • Any senior citizen like me will be happy to have this plan. It covers great benefits. The premium demanded is ...

    Read More
    By Hem Tripathi
    On: Feb 11, 2020
  • The Future Varishta Bima comes with a lot of incredible features. It is beneficial for the person of my age (6...

    Read More
    By Mayur Kumar Patel
    On: Jan 29, 2020
  • For senior people like me, Future Varishta Bima is the best policy! It safeguards me financially in a medical ...

    Read More
    By Randhir Yadav
    On: Jan 19, 2020

Future Generali Varishta Bima Expert Review

  • Expert Review

    Future Generali is a reputable health insurer, well-known for offering a series of health insurance plans that are no less than a boon. Be it a kid or an adult, the insurer has something or the other for everyone to safeguard themselves financially in case of a medical emergency. Senior citizens too, place their trust in the company as it provides them with one of its best policy, Future Varishta Bima. Needless to say, it is another asset to the insurer.

    Senior citizens, you can make the most of your life after retirement with the offered policy. If you are aged 60 years or above and wish to buy health insurance, Future Varishta Bima is the one to go for as you satisfy its minimum entry age. As far as its maximum entry age is concerned, it does not have a limit, and is thus, lifelong. You can purchase the policy on both, individual sum insured and family floater sum insured basis without any hassle and reap benefits of vast coverage. Available for a policy term of 1 year, 2 years, or 3 years, Future Varishta Bima comes with sum insured options that range between Rs. 2 Lakh to Rs. 10 Lakh. 

  • Major Attractions

    Specifically designed for senior citizens, Future Varishta Bima is excellent in terms of coverage benefits. With the policy by your side, you won’t have to worry about expenses related to inpatient hospitalisation, room rent, medicine & drugs, Operation Theatre charges, fees of consultants & specialists, diagnostic materials and X-ray, day care procedures, pre-hospitalisation and post-hospitalisation. But, that’s not all! Other than the regular coverage benefits, the policy offers a couple of others that include-

    • Wide coverage at an affordable premium
    • Cashless facility available for claim settlement 
    • No loading on premium for adverse claims experience
    • Road ambulance charges up to Rs. 1000 per hospitalisation
    • A free-look period of 15 days for canceling the policy after it has been purchased 
    • Facility of instalment premium payment available on monthly, quarterly, and half-yearly basis
    • Free medical check-up after every continuous period of 1 year, irrespective of claim-free years
    • Freedom to port your existing policy with Future Generali to maximize benefits and services offered 
  • What’s More?

    Now that basic coverage offered by Future Varishta Bima has been discussed, let’s focus on two major points. Firstly, the policy features co-payment on each and every claim on the admissible hospital bill, except for claim related to pre & post hospitalisation. Also, there are sub-limits applicable for specified procedures under the policy. However, the good news is that the policy comprises features that make it worthwhile irrespective of these controls. These positive key aspects include-

    • Lifelong renewability
    • Tax relief as provided under Section 80D of the Income Tax Act
    • 50% reimbursement of pre-medical tests charges to the insured individual
    • Up to 10% long-term discount in case of upfront premium payment for long term policy
    • Family discount on covering two or more family members in the same policy on individual sum insured basis
    • 10% discount if the insured produces the latest medical reports within 15 days of the tests done, in addition to proposal form and the proposal is accepted (available for sum insured options of Rs. 2 Lakh)
  • Conclusion

    All in all, Future Varishta Bima is a great policy that caters to the diverse medical needs of senior citizens without letting them feel helpless in financial terms. So, if you have been looking for an affordable senior citizen health insurance for yourself and your spouse, go for this one.

    For buying Future Varishta Bima, it’s better if you go for online purchase of the policy so that it gets issued without any delay, unlike in the case of offline purchase. Furthermore, you can choose InsuranceDekho for the purchase process if you want to make the most of policy portability, claim settlement support, and multiple other after-sales services provided by the company to its vast base of customers.

Future Generali Future Varishta Bima Brochure

  • 8.61 MB
  • PDF Document
  • Jun 08, 2019

Claim Process at Future Generali Health Insurance

  • Network Hospital
  • Non-Network Hospital
  • 1

    Claim Assistance

    For any assistance or query, call InsuranceDekho at the toll-free number 755 1196 989.
  • 2

    Claim Intimation

    Emergency hospitalisation needs intimation as soon as it occurs and for planned hospitalisation intimate as soon as it occurs prior to admission.
  • 3

    Claim Processing

    Fill in the pre-authorisation form and hand it over to hospital's insurance/TPA desk to initiate claim request.
  • 4

    Claim Settlement

    Once your request is approved, claim is settled. If not approved, claim for reimbursement after discharge.
  • 1

    Claim Assistance

    For any assistance or query, call InsuranceDekho at the toll-free number 755 1196 989.
  • 2

    Claim Intimation

    Emergency hospitalisation needs intimation as soon as it occurs and for planned hospitalisation intimate as soon as it occurs prior to admission.
  • 3

    Claim Processing

    Submit claim form with original documents such as doctor’s reports, hospital bills, diagnostic tests, etc.
  • 4

    Claim Settlement

    Once your request for reimbursement of expenses is approved, the claim will be settled.

FAQs on Future Varishta Bima Health Insurance Plan

  • What are the sum insured options available under the plan?

    The plan allows sum insured levels of Rs. 2 Lakh, Rs. 3 Lakh, Rs. 4 Lakh, Rs. 5 Lakh, Rs. 7.5 Lakh and Rs. 10 Lakh.

  • What is the coverage limit on pre and post hospitalisation expenses?

    The combined coverage limit on pre and post hospitalisation expenses depends on the sum insured. It is Rs. 4000 for sum insured of Rs. 2 Lakh, Rs. 6000 for sum insured of Rs. 3 Lakh, Rs. 8000 for sum insured of Rs. 4 Lakh and Rs. 10,000 for sum insured of Rs. 5 Lakh and above.

  • What are the discounts on premiums?

    The plan offers several premium discounts. Firstly, 5% discount is allowed for choosing a term of 2 years and 15% for 3 years. Secondly, if the spouse is also covered, 10% premium discount is allowed. Lastly, if the sum insured is up to Rs. 5 Lakh and the insured submits the medical reports within 15 days of the tests, 10% premium discount is allowed.

  • Is the premium same when paid in instalments?

    No, though the policy allows premiums to be paid in instalments, loading is applicable in such cases. If the premium is paid half-yearly, loading is added @ 3%. If paid quarterly the loading is 4% and for monthly mode the loading is 5% of the premium.

  • Is co-payment applicable under the plan?

    Yes, since the plan covers senior citizens, co-payment is applicable. The co-payment rate is 50% for illnesses and claims arising out of pre-existing conditions. For other types of claims, however, the co-payment ratio is 25%. However, the 25% co-payment can be waived if the insured pays an additional premium.

View More Questions

Health Insurance Articles

  • Latest Articles
  • Popular Articles