Sum insured up to Rs 1 cr! Future Generali India Insurance introduces health insurance top-up
Top-up/Deductible Health Insurance product provides Sum Insured options of ₹50,000 to ₹1 crore of extra coverage at low premium
Future Generali India Insurance Company Limited (FGII), the general insurance arm of the joint venture partners retail game changers Future Group and global insurer Generali, has introduced Future Advantage Top-Up product. It is a deductible health insurance product with high sum insured options ranging from Rs 50,000 to Rs 1 Crore. The product provides extra coverage at low premium as compared to any traditional health insurance product.
Speaking on the features of the health top-up intriduced by the company Shreeraj Deshpande, Principal Officer at Future Generali India Insurance told Zee Business online in a writtes statement, “With rising medical inflation, the existing health insurance policy may not be adequate and buying a health insurance cover with a large sum insured may not be affordable. Hence, we believe that this top-up is the perfect fit for a wider health insurance cover and to address the issue of under insurance, while keeping premium in check.”
“The motivation behind each and every product that we launch is our vision to protect the customers completely in their times of emergency. Healthcare costs are getting steep and we want to ensure that our customers can avail the best possible treatment whenever they seek expert medical assistance. Future Advantage Top-up takes care of that, at low premium, in case of higher expenses are incurred due to illness or accidents,” added Deshpande.
Future Advantage Top-Up product supplements customer’s needs where they can choose higher sum insured over and above a deductible limit. The deductible will apply on aggregate basis towards hospitalisation expenses incurred during the policy period and not on per claim basis, therefore acting as a Super Top Up.
In this product, a customer has an option to choose the deductible which can be managed either by self-pay or any other insurance. They can also choose the optimum sum insured to take care of their health care needs. Unlike many top up products, you do not have to cross the deductible limit at every claim incidence. The deductible will apply on aggregate basis towards hospitalization expenses incurred during the policy period.
Picture caption: Future Advantage Top-Up product supplements customer’s needs where they can choose higher sum insured over and above a deductible limit applicable on aggregate basis.