Future Generali General Insurance is a name to reckon in the Indian insurance space. The brand is a joint venture between two powerhouses, Future Group of India and Generali Group, a major financial and insurance marquee from Italy. The company started its operations in 2007 and in merely 6 years, broke-even, which is an achievement. Over the decade, the brand has expanded its horizon of insurance categories and policies. And it is safe to say, it is one of the most trusted brands in the country. The brand has managed all of this due to a very customer-centric approach and an excellent portfolio of products.
Interesting Facts About Future Generali General Insurance
Here are some facts about Future Generali General Insurance that you will find quite interesting.
Types Of Products Offered By Future Generali General Insurance
Future Generali offers a myriad range of insurance solutions meant for individuals as well as businesses. Let’s discuss the variety of general insurance products sold by the company and the plans under each category –
Motor insurance plans include insurance plans for motor vehicles which run in India. As per the Motor Vehicles Act, 1988, motor insurance plans are mandatory for all motor vehicles so that they can run legally on Indian roads. Due to the mandate, every vehicle is insured and Future Generali offers different types of motor insurance policies for all types of vehicles. The range of motor insurance policies offered by Future Generali is mentioned hereunder –
This is a third party liability only policy which can be taken for any type of vehicle. This policy provides the specified mandatory coverage as listed in the Motor Vehicles Act, 1988. The plan covers third-party liabilities which arise when the vehicle causes third party injury, death or property damage. In such cases, the policy takes care of the financial liability payable to the third party.
This policy provides a comprehensive scope of coverage for vehicles used for commercial purposes. Such vehicles can be goods carrying vehicles, passenger-carrying vehicles or other vehicles used for business. Being a comprehensive policy, coverage is offered for third party liability as well as for damages suffered by the vehicle itself.
This is a comprehensive motor insurance policy for two-wheelers. The policy offers coverage for third party liabilities, damages suffered by the bike and also accidental death and disabilities. There are a range of add-on coverage benefits too which can be chosen for an extensive scope of coverage. With a 95% claim settlement ratio, bike insurance claims are also handled by Future Generali effectively.
This is a comprehensive car insurance policy offered by Future Generali. Besides an all-inclusive scope of coverage, the policy also offers the free towing facility for damaged cars. You can seek cashless repairs across more than 2100 garages which are tied-up with the company and Future Generali also offers the facility of personalized services through its Future Xpress and Future Xpress+ claim process.
Health insurance policies have become the need of the hour to tackle the ever-rising medical expenses which prove unaffordable for many middle-income individuals. Health insurance plans act as a financial shield against medical costs and help policyholders avail quality healthcare without worrying about affording the associated costs. Future Generali offers a range of health insurance plans each of which offers a comprehensive scope of coverage. All the plans offered by the company fulfil one or the other health insurance need which individuals might have. These plans include the following –
This is a comprehensive health insurance plan which covers the medical costs incurred on illness or injury. The plan comes in three variants offering coverage of up to INR 1 crore. Coverage is allowed for OPD expenses, maternity expenses, the sum insured restoration, emergency medical evacuation, vaccination expenses and newborn baby cover along with other basic coverage benefits. There are optional coverage features too to make the policy all-inclusive. You can also get a 50% increase in sum insured if no claim is made in a policy year while the premium does not increase.
This is a personal accident plan which allows a host of coverage benefits besides accidental death and disability. The plan covers terrorism-related claims, repatriation of remains as well as funeral-related expenses. Coverage is allowed worldwide and you can also buy the plan for your family members.
This is a fixed benefit health insurance plan which covers vector illnesses caused by mosquitoes and pays a lump sum benefit in case of claims. Coverage of up to INR 75,000 is allowed under the plan and tenure of up to 3 years can be selected. Seven types of vector illnesses are covered under the plan which includes Zika Virus, malaria, dengue, Chikungunya, Kala-Azar, Japanese Encephalitis and Lymphatic Filariasis.
This is also a fixed benefit health insurance policy which covers hospitalization if it occurs for 24 hours or more. A daily cash benefit is paid in case of hospitalization which doubles up if the insured is admitted to the ICU. The plan also allows a lump sum convalescence benefit if hospitalization exceeds 10 days. There are three plan variants with different cash benefit options and you can choose a variant as per your requirement.
This is a critical illness health insurance plan which covers twelve critical illnesses and surgical procedures. If the insured suffers from any of the covered illness or undergoes any of the covered procedure, the plan pays the sum insured in a lump sum. This lump sum benefit helps the insured to tackle the financial crisis faced due to critical illnesses. The policy can be taken on a family floater basis also covering self, spouse and dependent children under the same plan.
This is a health insurance policy which is offered for loan borrowers and helps borrowers manage their loans in case of medical contingencies. The policy covers 18 critical illnesses, accidental death, total permanent disablement and loss of a job. There are five coverage options and the coverage depends on the option selected. In case of a claim, a fixed benefit is paid which helps the insured to repay the loan easily.
This is a top-up health insurance plan which allows you to supplement an existing coverage at affordable premiums. You choose a deductible and a sum insured under the policy and if the claim exceeds the deductible, the excess is paid by the plan. The policy can be taken on a family floater basis and allows cashless treatments across 4200 hospitals in India.
This is a super top-up health insurance plan which provides coverage if the aggregate claims in a policy year exceed the chosen deductible. Coverage of up to INR 1 crore is available under the plan to help you provide maximum coverage. There are premium discounts for lower premiums and the premium can be paid in instalments. You can also waive the deductible and avail coverage for the full sum insured by paying an additional premium.
This is an indemnity oriented health plan which covers the medical costs incurred in case of hospitalization. The plan has four coverage options and offers sum insured of up to INR 10 lakhs. Daily hospital cash allowance, patient care, sum insured recharge, etc. are some of the coverage benefits of the plan. There are premium discounts too and a no claim bonus of 10% increase in the sum insured which is allowed when no claim is made under the plan.
This is an affordable health insurance plan which provides a good scope of coverage at lower premium rates. Coverage of up to INR 5 lakhs is allowed and the tenure of the policy can be taken for up to 3 years. There are three coverage variants with a different sum insured levels. Premium discounts reduce the premium and the premiums can be paid in instalments.
It is a senior citizen health insurance plan which is allowed for senior citizens. Coverage is allowed for up to INR 10 lakhs and the insured and the spouse can be covered under the policy. Besides the inbuilt coverage benefits, add-ons are also allowed so that the coverage becomes exhaustive. There are premium discounts too which make the policy affordable.
Travel insurance plans cover financial emergencies faced when you travel abroad or within the country for work or leisure. Especially in case of international travel, travel insurance plans prove beneficial as they cover the expensive medical treatments which you might have to take in case of any medical emergency. Besides covering medical emergencies, travel insurance plans also provide a host of other coverage benefits which help you deal with any possible financial contingency which you might face on a trip. Future Generali offers a range of travel insurance plans which are as follows –
This is a comprehensive travel insurance plan which comes in three variants and also covers senior citizens. Coverage is available for up to USD 100,000 and the coverage features include daily hospital allowance, trip cancellation, delay or curtailment, compassionate visit, financial assistance and automatic policy extension among others. You can take the policy for yourself or your whole family and enjoy good coverage.
This is an international travel insurance policy which covers trips taken anywhere in the world. There are six plan variants and you can avail coverage of up to USD 500,000. Cashless treatments are offered by the policy across the globe as it has tied-up with service providers in all countries of the world.
This international travel insurance plan covers trips taken to Schengen countries like Greece, Germany, France, etc. When visiting Schengen countries an international mediclaim coverage plan is essential and this policy fulfils this need. There are six coverage options and a sum insured of up to Euro 200,000. Medical repatriation, trip cancellation, missed flight connection and hijack allowance are some of the coverage benefits offered by the plan.
This travel insurance plan is designed for trips taken to countries in the Asian sub-continent. In case of medical emergencies, cashless claim settlement is allowed if treatments are taken at networked hospitals. In the case of non-networked hospitals, claims are settled on a reimbursement basis. No medical check-up is required to buy the policy and coverage can be availed for up to USD 100,000.
This policy covers international trips taken anywhere in the world and can be taken as a single trip policy or as an annual multi-trip policy. Coverage is allowed for up to USD 500, 000 and there are different plan options to choose from. The policy covers senior citizens and also provides child escort benefit. Worldwide assistance is also provided in case of medical emergencies and other travel-related contingencies.
This policy is designed for trips taken to Schengen countries which are 26 listed countries in Europe where a travel insurance policy is mandatory. Coverage is allowed to individuals aged up to 70 years and there are three coverage options with a sum insured of up to Euro 100,000. Coverage is available for medical emergencies, trip delay, sickness dental relief, loss of passport, etc.
This travel insurance policy is designed for students who travel overseas for higher education. Coverage is tailor-made for students and includes medical care, maternity coverage, personal accident, personal liability, sponsor protection, bail bond, etc. There are five plan variants and the available sum insured is up to USD 500,000.
Home insurance plans cover the financial loss suffered if the house and/or its contents suffer any damage. Home insurance plans are important for both homeowners and tenants as losses related to the structure of the house and its contents can be considerable. Future Generali, therefore, offers a comprehensive home insurance policy which is discussed below –
Home Secure is a comprehensive home insurance plan which covers both the building and its contents. Coverage under the plan is also allowed for loss of rent, terrorism-related damages, purchase protection and cost of alternate accommodation. You can avail coverage for your valuables, portable electronic equipment, household appliances as well as for the family members against accidental death and disablement.
Lifestyle insurance plans are designed for individuals and cover specific lifestyle-related risks. Future Generali offers three types of lifestyle insurance plans which are mentioned below –
This policy is designed for individuals who play golf and covers specific risks faced by them. Coverage is allowed for loss of golf equipment due to theft, personal accident, public liability, hospitalization expenses, dental expenses, Hole-In-One celebration expenses and personal accident coverage for the caddy.
This insurance policy covers valuable pieces of art including paintings, sculpture, printmaking, etc. The policy offers an ‘all risk’ cover which ensures that any loss suffered by the artwork is duly compensated.
This policy is taken against the risk of cancellation of an organized wedding and the costs incurred thereof. Coverage is also extended to include loss of valuables and jewellery, loss of money, accidental damage, personal accident cover for the bride and groom, etc.
Commercial insurance plans are plans offered by Future Generali for the risks faced by businesses and industries. Future Generali offers a range of commercial insurance policies for the varied risks faced by businesses. These policies include the following –
Group Health Insurance
Group health insurance plans are offered to recognized groups to cover their members against medical emergencies. A single Master Policy is offered under group schemes which cover all the named members. Future Generali offers the following types of group health insurance schemes –
Social and rural insurance
These insurance policies are offered to individuals living in rural areas and cover the specific risks which the rural population faces. The range of rural insurance plans offered by Future Generali is as follows –
How to Buy Future Generali General Insurance Plans?
Once you make up your mind to buy Future Generali General Insurance, the next step is to actually buy the policy. There are different methods by which you can buy Future Generali policies. Primary classification allows policy buyers to opt for the online or offline purchase of plans. The traditional method of buying a policy is known as the offline method, where you would interact with an insurance advisor or visit a branch office of Future Generali to buy a policy.
To buy Future Generali General Insurance plans online, you would have to visit the website of Future Generali and look for the policy that interests you and buy it from the website.
The smarter way to buy your Future Generali General Insurance policy is to do it through Turtlemint. Irrespective of whether you are looking to buy a health insurance plan or a car insurance plan, Turtlemint is your best bet. The website connects you with various insurers across the country and enables you to buy a policy that best suits your needs and wallet. Turtlemint lets you compare Future Generali General Insurance plans with those of other insurers. Here are the simple steps to buy a policy from Turtlemint.
How To Renew Future Generali General Insurance Plans?
You can renew your Future Generali General Insurance policy with much ease. You can use the same methods as buying a new policy. However, policyholders looking to save time and money would prefer renewing the policies online. You can visit Future Generali’s website and look for the renew a policy. You would be redirected to a page where you can enter the details, proceed to pay for the policy and complete the renewal process.
Things are a bit easier with Turtlemint. Existing customers can log in to the website and choose the policy they want to renew and click on the renew button. If there are no changes in the policy, you can renew the policy then and there. Renewing your policy from Turtlemint can save you a lot of time and can be extremely handy if the policy expiry date is close.
Claim Process For Future Generali General Insurance Plans
Policyholders having a Future Generali General Insurance plan would hope to claim their policy without any hassles. Being aware of the process will make it a bit easier for policyholders. Here are the steps that you would need to follow to claim your Future Generali General Insurance plans.
Policyholders would need to carry out the following steps to claim their Future Generali motor insurance plans.
You can stay out of most of the hassles mentioned above by reaching out to Turtlemint. If you have bought your policy from Turtlemint, you can call them on 1800 266 0101 or email them at email@example.com. Turtlemint’s experienced staff will then aid you in the process of claim settlement. You would only have to assist them with the necessary documents.
The following steps will make way for a hassle-free claim for your health insurance plan.
An easier alternative is to file for a claim with the help of Turtlemint. The experienced staff at Turtlemint will help you with the entire process starting from registering a claim to the documents that you need to submit for a smooth claim. You can visit the website to file a claim or call Turtlemint at 1800 266 0101 or email them at firstname.lastname@example.org.
Documents Required For Claims In Future Generali General Insurance
To submit your claim for Future Generali general insurance, you are required to submit supporting documents along with your claims form. Here are the documents that you might have to submit.
Company Address And Contact Information – Future Generali General Insurance
Address: Future Generali India Insurance Co Ltd., Indiabulls Finance Centre, Tower 3, 6th Floor, Senapati Bapat Marg, Elphinstone Road, Prabhadevi (W), Mumbai – 400 013.
Phone numbers: 1800 200 233, 1860 500 3333, 022 67837800
Email Id: email@example.com
SMS service: send keywords to 922 2211 100 (Keywords include, SERVE, PRODUCT, REN, MOTORCLAIM, HAPPY and UNHAPPY)
Yes. You can choose among 8 add-ons for your car insurance policy from Future Generali. You can choose from Zero depreciation, personal belonging loss, NCB protection, return to invoice, tyre damage cover, engine protection cover, loss of keys, and inconvenience allowance.
Primarily you must ensure that you do not miss out on paying the premiums regularly. Secondly, update the policy details with any changes regularly as well. Your personal details along with nominee details should be a part of the policy.
Yes. Future Generali offers a 30-day grace period, where you can renew your policy. However, it is recommended that you renew the policy before it expires to continue with its benefits.
If you are not happy with the policy that you receive or its coverage, you have 15 days to cancel the policy. The 15 days period starting from the day you receive the policy documents.