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Health Insurance 559 views May 18, 2021
Senior citizens face more health risks compared to young people. Treatment expenses in current times can cost individuals a lot of money. To protect your finances from medical emergencies, the Future Varishta Bima Plan could be a suitable option. This health insurance plan from Future Generali is designed for senior citizens (people with age of 60 years or above). With this plan, senior citizens can get coverage against treatment expenses with continuous cover until their lifetime.
Before understanding this plan further, let’s check out its key features mentioned below.
Now you would want to know these features of the Future Varishta Bima Plan in detail. On this page, we will discuss the same so that you can understand the plan better. Keep reading to know more!
Table of Contents
The Future Varishta Bima Plan helps senior citizens enjoy every moment of their retirement life by providing coverage against hospitalization expenses. We are showing the features of this plan below. Please check!
Future Varishta Bima Plan offers multiple sum insured options to policyholders from which they can choose according to their affordability. These options are INR 2 lakh, INR 3 lakh, INR 4 lakh, INR 5 lakh, INR 7.5 lakh and INR 10 lakh.
Policyholders can choose the sum insured option on an individual and family floater basis. Under the family floater basis, the family means the insured and his/her spouse. In the case of the individual policy, spouses less than 60 years will not get any coverage. However, under the family floater option, spouses (less than 60 years old) will get coverage if the age of the primary insured person is 60 years and above.
With the Future Varishta Bima Plan, policyholders will get coverage against room rent and nursing expenses provided by the hospital/nursing home in case of a hospitalization. Other than this, policyholders will be covered for other in-patient expenses such as medicines & drugs, diagnostic materials & X-rays, Operation Theatre Charges, Consultants, Specialist Fees, etc.
This health insurance plan from Future Generali provides coverage against expenses incurred 60 days before hospitalization and 90 days after discharge from the hospital. The combined limits for pre and post-hospitalization depend on the sum insured. To know more, check the below table.
Sum Insured (in INR) | Combined Limits for pre-and post-hospitalization (in INR) |
---|---|
2 lakh | 4,000 |
3 lakh | 6,000 |
4 lakh | 8,000 |
5 lakh | 10,000 |
7.5 lakh | 10,000 |
10 lakh | 10,000 |
A policyholder will get coverage up to INR 1,000 per hospitalization if he/she needs to be transported to a nearby hospital.
With the Future Varistha Bima Plan, policyholders will get a free medical check-up after every continuous period of 1 year irrespective of whether you made any claim or not. This medical check-up includes Physician’s Consultation, ECG, CompleteMedical Blood Count, Fasting Blood Sugar, Post Prandial Blood Sugar and Sr. Creatinine.
If you choose a sum insured of INR 7.5 lakh and INR 10 lakh, you will need to undergo a mandatory pre-acceptance medical screening.
Future Varishta Bima Plan will provide coverage for the following modern treatment methods up to 50% of the sum insured. Have a look!
Future Varishta Bima Plan provides a family discount (in case of individual sum insured option) if two or more family members are covered under the same policy.
If you choose to pay the upfront premium for a long-term policy, this plan will also provide a long-term discount of up to 10% on the premium.
The minimum policy term stands at one year for the Future Varishta Bima Plan, while it can go up to 3 years.
The minimum premium amount for this special senior citizen plan stands at INR 9,451 per year for the sum insured of INR 2 lakh. Individuals can also pay the premium in installments from different frequencies of monthly, quarterly and half-yearly.
Do remember to check the important conditions related to the Future Varishta Bima Plan mentioned below.
Policyholders will not get the coverage under the following conditions.