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What is Future Varishta Bima?

A special policy designed to cover the medical costs of your parents will be of great help. The plan will cover all substantial financial needs related to health issues that arise in old age.

This way, your parents would not have to burn their life’s savings to pay for their health charges. Also, you could easily buy this financial protection for them without putting a dent in your pocket.

Why buy Future Varishta Bima

Floater Benefit

We cover both your parents under the same policy.

Portability

Our doors are always open. So, port your existing senior citizen insurance policy with us without any hassle.

Easy Renewal

We know you are busy. So, we give you 30 grace days to renew your plan after expiry.

Free Look Period

We respect your choice. So, if you ever wish to cancel the policy, you can do it without any penalty within 30 days from purchase.

What is in for you?

THERE ARE ADDITIONAL BENEFITS FOR YOU!

We offer family discount if you include two or more family members in the same plan under individual Sum Insured option
We offer easy premium payment facility. You pay policy premiums on a monthly, quarterly or half-yearly basis.
We offer you a 10% discount if you pay policy premiums upfront for long-term plans.
If you have an adverse claim experience, we do not levy any loading charge on premium.
We allow an additional 10% discount if the insured produces the latest medical reports within 15 days of the tests done along with the proposal form and the proposal is accepted. This is available for Sum Insured options of ₹ 2L, 3L, 4L and 5L. This discount will not be applicable for further renewals.
Premiums you pay get tax relief under Section 80D of the Income Tax Act, 1961.

What is covered?

INCLUSIONS

Inpatient Treatment

We cover room rent and nursing expenses as provided by the Hospital/ Nursing Home
Other Inpatient Expenses

We cover medicines, diagnostic materials, X-ray, operation theatre costs, specialist fees, consultants, etc.
Medical Report Validity

30 days from the day tests were done. Medical tests will be done in our empanelled diagnostic centre
Other Expenses Covered

If your parents ever need to get hospitalised, we cover all pre-and post-hospitalisation costs. This also includes any day care treatment expenses.
Additional covers

We cover road ambulance charges, if you ever need it. We also aim to protect your parents, so we provide free annual medical check-ups.
Pre-Acceptance Medical Tests

Pre-insurance medical examination will be conducted on the basis of adverse medical declarations in the proposal form, age of member, sum insured opted. Insured is eligible for 50% reimbursement of pre-insurance medical tests charges, subject to policy issuance.

What is not covered?

EXCLUSIONS

Any external congenital illness or disease
Illness or injury because of war, invasion or similar activity
Illness or injury occurred under the influence of alcohol, drugs or other similar substance
Treatments such as hormone replacement, sex change, etc.

Plans and Eligibility

Sum Insured

Rs.2,00,000
Rs.3,00,000
Rs.4,00,000
Rs,5,00,000
Rs.7,50,000
Rs.10,00,000

Minimum Policy Term : 1 Year

Maximum Policy Term : 3 Years

Eligibility

Minimum entry age of Proposer - 60 years
Maximum entry age of Proposer - Lifelong
Maximum Renewal Age - Lifelong

Family Definition - Insured and Insured spouse

Pre-Acceptance Medical Tests

Applicable for proposal form with any medical declaration for any sum insured
Mandatory Pre-insurance medical examination for sum insured ₹ 7.5 L and ₹ 10 L

Is there any waiting period?

WAITING PERIOD	DISEASES
30 days	Any illness, diagnosed or diagnosable except those incurred as a result of Injury
12 months	Pre-existing conditions
24 months	Varicose veins and Varicose ulcers, all diseases of Prostate, all types of Hernia, Varicocele, Hydrocele

What Generali Central Health Insurance Offers

94%

Claim Settlement Ratio
3 hr

Cashless Settlement
6000

Cashless Hospitals

How to buy Future Varishta Bima

You can purchase our policies in several ways:

You Can Call On Our HELPLINE

1800-220-233 / 1860-500-3333 / 022-67837800

SEND US AN EMAIL

GCIcare@generalicentral.com

VISIT BRANCH

Walk-in to any of our nearest branches

BRANCH LOCATOR

What happens after purchase?

Once you secure the insurance cover, you get a financial assurance for all your health needs. You also get documents for your better understanding and convenience.

Health Card for Cashless Treatment It is for utilising cashless facility at network hospitals. You can even avail discounts which are offered by our allied partners. Check out the GCH Privilege section for getting more details.
Policy Schedule You will receive the policy schedule. It is an outline of the cover which is provided by the purchased policy. Details of the policyholder, coverage amount, additional clauses, exclusions, warranties etc will be given in this policy.
Premiums Receipt You will receive the receipt of the premium amount you have paid to purchase this policy.
80D Tax Deduction Certificate 80D certificate for tax deduction if the premium is paid via Credit Card/Debit Card, Net Banking, or Cheque except cash payment.
Policy Coverage and Terms & Conditions This is a comprehensive document which lists down the coverage offered by the policy along with terms and conditions. It is better to read this thoroughly and highlight important points. In case of any discrepancy or doubt, do get in touch with us immediately.
Claim Form You can either intimate your claim online or submit the form to a branch of your choice. You can also email the claim details to us.
Complaint / Feedback Form Should you have any complaints/feedback, you can fill in the form and submit it to the nearest branch Or email it to us.
Grievance Redressal In case you aren’t satisfied with the resolution provided by us to your complaint, then you can approach the Insurance Ombudsman. This form will have details about the procedure to approach the insurance ombudsman along with the addresses of the ombudsman.

What is the reimbursement claim process?

Our claim settlement process is fast and relaible

1

Collate Documents

Upon discharge, pay all hospital bills and collect all original documents of treatment undergone and expenses incurred
2

Claim Form

Download and fill the GCI health claim form
3

Document Submission

Submit original documents to the nearest Generali Central branch
4

Claim Settlement

We will settle the claim in subject to policy terms and conditions

What is cashless claim process?

File your claim in minutes with Generali Central's easy four-step claim process

1

Visit Hospital

Approach an insurance desk of your nearest GCI Network Hospitals and show your health card for Cashless Treatment
2

Verify Yourself

The Network Hospital will verify your identity and submit duly filled pre-authorization form with Generali Central
3

Get Admitted

You get admitted without any deposit and get cashless treatment
4

Peace of Mind

Once you are discharged, the hospital will send your claim documents to GCI and the authorized amount will be settled directly with the hospital

FAQs – Frequently asked questions

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Can I avail Varishta Bima Policy as floater option?

Yes, you can insure yourself and your spouse under a floater policy.

What should be the age eligibility to buy Varishta Bima Policy?

An individual of age 60 years and above can buy this policy. In case of Individual policy, we shall not be able to offer cover to the spouse of age less than 60 years. However he/ she can still be covered under Family Floater option, provided the age of Self (primary insured) is 60 years and above.

Do I need to undergo Medical tests for taking this policy?

Yes, Pre-insurance medical examination is mandatory for Sum Insured 7.5 L and 10 L or if there is any adverse medical declaration in the proposal form.

Is there any waiting period in Varishta Policy?

Yes, there are waiting periods as detailed in the table below:

Plan options available:

Waiting Period	Diseases
30 days	Any illness, diagnosed or diagnosable except those incurred as a result of Injury
12 months	Pre-existing conditions
24 months	Varicose veins and Varicose ulcers, all diseases of Prostate, all types of Hernia, Varicocele, Hydrocele.

Is there any sub limits applicable in Varishta Bima policy?

Yes, the Sub limits are applicable for specified procedures under this policy as per the table below:

Sub-limits on listed procedures (All values are in INR.)
Procedure/ Treatment	2 L	3 L	4 L	5 L	7.5 L	10 L
Coronary Artery Bypass Grafting (CABG)	150000	200000	225000	275000	300000	350000
Percutaneous Transluminal Coronary Angioplasty (PTCA)	150000	200000	225000	275000	300000	350000
Cataract surgery (per eye)	15000	18000	20000	21500	23000	25000
Total Knee Replacement (per knee)	150000	200000	225000	275000	300000	350000
Total Hip Replacement (per hip)	150000	200000	225000	275000	300000	350000
Note: a) In case of claim for specified illness, the maximum liability of claim payment (including pre and post hospitalisation), shall be limited to the amount mentioned in the sublimit table. b) Co-payments will not be applicable in case there is a claim for the listed procedures.

What is Varishta Bima Policy?

Varishta Bima is a health insurance plan designed just for senior citizens. It provides cover to anyone from age of 60 years and above with continuous cover thereafter till lifetime.

Is pre and post hospitalisation covered under Varishta Bima Policy?

Yes, pre (60 days) and post (90 days) hospitalisation is covered. However combined expenses for Pre and Post hospitalisation are limited up to 2% of Sum Insured opted maximum up to ₹ 10000 for each hospitalisation as detailed below:

Plan options available:

Sum Insured (₹)	200000	300000	400000	500000	750000	1000000
Combined limits for Pre- and Post-Hospitalisation (₹)	4000	6000	10000	10000	10000	10000

What is Co-payment? Which co-payments are applicable in Varishta Bima policy?

Co-payment means a cost sharing requirement under a health insurance policy that provides that the policyholder/insured will bear a specified percentage of the admissible claims amount. A co-payment does not reduce the Sum Insured.

Co-Payments applicable under the policy
i.50% co-payment is applicable on each and every claim related to Pre-existing disease, on the admissible hospitalisation bill, excluding claim related to pre and post hospitalisation.
ii.25% co-payment is applicable on each and every claim for all other claims, on the admissible hospitalisation bill, excluding claim related to pre and post hospitalisation. However the Insured have an option to waive off this co-payment on payment of additional premiu

Is cashless mode of claim settlement available for Varishta Bima Policy ?

Yes, cashless facility is available

Do I get tax benefit under section 80D of IT act for premium paid to take Varishta Bima Policy?

Yes. Tax benefits are available for health insurance policies under Sec. 80D of the Income Tax Act.

What are the Sum Insureds available in this product?

The Sum Insured options available under this product are ₹ 200000, ₹ 300000, ₹ 400000, ₹ 500000, ₹ 750000, ₹ 1000000

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PRODUCT NAME: Future Varishta Bima| UIN NO: FGIHLIP24138V042324 | LAUNCH DATE: 5TH MARCH 2024

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Enjoy your golden years illness-free

Get the best deal on health insurance cover

What is Future Varishta Bima?

Why buy Future Varishta Bima

Floater Benefit

Portability

Easy Renewal

Free Look Period

What is in for you?

What is covered?

What is not covered?

Plans and Eligibility

Is there any waiting period?

What Generali Central Health Insurance Offers

How to buy Future Varishta Bima

What is the reimbursement claim process?

What is cashless claim process?

FAQs – Frequently asked questions

Need to know more about Health Insurance?

Download documents