Future Generali Future Varishta Bima Health Insurance

Claim Settlement Ratio | 94% |
Network Hospitals | 8,400+ |
Cashless Approval TAT | 2 hr Cashless Claim Processing |
Special Benefits | Complimentary 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.
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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
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Future Generali Varishta Bima Expert Review
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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.
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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
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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)
- Lifelong
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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.

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FAQs on Future Varishta Bima Health Insurance Plan
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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.
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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.
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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.
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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.
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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.