- Medical test not required for any age and/or sum insured
- Any past medical history/or travel record not required for any age and/ or sum insured
Bengaluru, 27th March,2020 : Future Generali India Insurance Company Limited (FGII), the general insurance arm of the joint venture between retail giant Future Group and global insurer Generali, announced the launch of an exclusive Coronavirus group insurance product.The policy will provide a lump sum benefit in case the insured is diagnosed or quarantined for a suspected sign and symptoms/or infection of COVID-19. Amid the contagious pandemic, the product offers cover for everyone from aninfant who is 1 day old to a senior citizen upto 75 years of age.
It is afiled group health insurance product as defined by IRDAI guidelines.
Dr.Shreeraj Deshpande, Chief Operating Officer, Future Generali India Insurance said, “It is very important for all of us to come together and protect the citizens against this virus infection. We have designed our coronavirus groupinsurance product in such a way that it will offer maximum help to the affected. If the policyholder is diagnosed with COVID-19 infection and is confirmed by a medical practitioner along with government/ a WHO-approved lab then a lump sum benefit of 100% of Sum Insured would be paid. To provide maximum benefit to our customers, no past medical history or travel record is required while purchasing our product.”
A lump sum benefit of 50% of sum insured will be paid, if the policyholder is required to be quarantined at a Government/Government approved hospitalfor at least 14 days for a suspected COVID-19 infection. An additional benefit of 10% of the sum insured will be paid to quarantined persons towards incidental expenses.
About Future Generali India Insurance Company Limited
Future Generali India Insurance Company Limited is a joint venture between Future Group – the game changers in Retail Trade in India and Generali – a 189yearsold global insurancegroupfeaturingamong the world’s 60 largest companies*. The Company wasincorporated in September 2007 with the objective of providingretail, commercial, personal and rural insurancesolutions to individuals and corporates to help themmanage and mitigate risks.
Future Generali India hasbeenaptlybenefitting from the global Insurance expertise in diverse classes of products of Generali Group and the Indianretail game-changer Future Group. Havingfirmlyestablisheditscredentials in thissegment and effectivelyleveraging on the skill set of bothits JV partners, Future Generali India hasevolved to become a Total Insurance Solutions Company.
*As per Fortune Global 500 Ranking (2017)
*Future Generali India Insuranceiscertified ‘Great Place to Work’ (December2019-November 2020)
About Generali Group
Generali is an independent, Italianinsurance Group, with a strong internationalpresence. Established in 1831, itisone of the largest global insuranceproviderspresent in over 60 countries with total premium incomeexceeding €68 billion in 2017. With nearly 71,000 employees in the world and 57 millioncustomers, the Group has a leading position in Western Europe and an increasinglysignificantpresence in Central and Eastern Europe aswellas in Asia