Future Health Surplus Insurance Plan
Future Health Surplus policy covers medical expenses incurred during hospitalization due to an accident or illness. The policy also covers the pre hospitalization and post hospitalization expenses which sometimes costs more than the hospitalization expenses. The insured person can avail benefits of this policy on individual basis or can add family members to the policy. Additional discounts are available if family members are included to the policy. Key Features This Policy will cover hospitalization expenses in excess of the deductible per hospitalization incurred by insured but not exceeding the sum insured. This product is available on Individual Sum Insured basis as well as Floater Sum Insured basis. There is no Medical examination up to the age of 55 years subject to the proposal form having no adverse medical declarations. Pre-policy checkup if advised has to be done in the empanelled diagnostic center of the company. 50% cost of the diagnostic tests charges would be reimbursed for accepted cases.
Product Specification
Annual premium in Rupees exclusive of taxes *The above rates may vary. Please check the policy wordings for more details. Policy Details Sum Insured: 3 Lakhs to 10 Lakhs Coverage type: Individual/Family Floater Grace period: Grace Period of 30 days for renewing the policy is provided under this policy. Renewal Policies: The policy if renewed continuously without any break will be renewed lifelong. Policy termination: You may cancel this insurance by giving at least 15 days written notice, and if no claim has been made then premium will be refunded as per the following table- Free look period: 15 days Additional features or riders Discounts: Family Floater Discounts Exclusions Any condition, ailment, injury or related condition for which the insured has been diagnosed, received medical treatment or had signs or symptoms, prior to the inception of the first policy until 48 months have elapsed. Any disease contracted during the first 30 days from the commencement of the policy. Costs incurred on all methods of treatment including alternative treatments other than Allopathy. Doctors home visit charges during pre and post hospitalization period. Treatment for any mental illness or psychiatric illness. Personal comfort and convenience items or services such as television, telephone, barber or beauty service guest service and similar incidental services and supplies. All expenses related to AIDS and related diseases are excluded. Dental treatment or surgery of any kind unless requiring hospitalisation as a result of accidental Bodily injury is needed.
It covers hospitalization expenses in excess of the deductible per hospitalization incurred by the policyholder. However, it should not exceed the sum insured during the period stated in the Policy Schedule. Expenses incurred for in-patient hospitalization (minimum period of 24 hours) are covered. It comprises of room, Board & Nursing Expenses as provided by the hospital/nursing home. Expenses for Surgeon, Anesthetist, Medical Practitioner, Consultants, Specialists Fees, Anesthesia, Blood, Oxygen, Operation Theatre Charges, Surgical Appliances, Medicines & Drugs, Diagnostic Materials and X-ray, Cost of Pacemaker, prosthesis / internal implants and any medical expenses incurred which is also a part of the operation. Pre-hospitalization expenses incurred within 60 days prior to Hospitalization on illness / injury sustained. Post-hospitalization expenses incurred within 90 days after the date of discharge from the hospital.
Documents Required
A duly filled claim form signed by the Insured Person. Original Bills (including but not limited to pharmacy purchase bill, consultation bill, and diagnostic bill) and any attachments thereto like receipts or prescriptions in support of any amount claimed. All reports, like case histories, investigation reports, treatment papers, discharge summaries. A precise diagnosis of the treatment for which a claim is made. A detailed list of the individual medical services and treatments provided and a unit price for each. Prescriptions that name the Insured Person and in the case of drugs: the drugs prescribed, their price and a receipt for payment. Prescriptions must be submitted with the corresponding Doctors invoice. Record of previous treatments along with reports. MLC/ FIR copy/ certificate regarding abuse of alcohol/intoxicating agent, in case of Accidental injury. Eligibility Age of entry: 3 Months – 65 years. Children from 3 Months – 5 years can be covered if both the parents are insured. Children from 6 years to 18 years can be covered if either of the parents is covered. Children from 18 years to 25 years can be covered as self-proposer or as dependents. With Rs 60.29 cr in Revenues, Future Generali Net Worth increases by 50% in FY 15 New MD, CEO of Future Generali – Munish Sharda