Enjoy your golden years illness-free
What is 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 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 it 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 hrCashless Settlement
- 6000Cashless Hospitals
How to buy Varishta Bima
You can purchase our policies in several ways:
You Can Call On Our HELPLINE
1800-220-233 / 1860-500-3333 / 022-67837800
OR
SEND US AN EMAIL
OR
VISIT BRANCH
Walk-in to any of our nearest branches
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.
Premium 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 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
Collate Documents
Upon discharge, pay all hospital bills and collect all original documents of treatment undergone and expenses incurred
Claim Form
Download and fill the GCI health claim form
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
Visit Hospital
Approach an insurance desk of your nearest GCI Network Hospitals and show your health card for Cashless Treatment
Verify Yourself
The Network Hospital will verify your identity and submit duly filled pre-authorization form with Generali Central
Get Admitted
You get admitted without any deposit and get cashless treatment
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
Yes, you can insure yourself and your spouse under a floater 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.
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 |
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.)
| 2 L | 3 L | 4 L | 5 L | 7.5 L | 10 L |
| 150000 | 200000 | 225000 | 275000 | 300000 | 350000 |
| 150000 | 200000 | 225000 | 275000 | 300000 | 350000 |
| 15000 | 18000 | 20000 | 21500 | 23000 | 25000 |
| 150000 | 200000 | 225000 | 275000 | 300000 | 350000 |
| 150000 | 200000 | 225000 | 275000 | 300000 | 350000 |
Procedure/ Treatment
Coronary Artery Bypass Grafting (CABG)
Percutaneous Transluminal Coronary Angioplasty (PTCA)
Cataract surgery (per eye)
Total Knee Replacement (per knee)
Total Hip Replacement (per hip)
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.
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
| 200000 | 300000 | 400000 | 500000 | 750000 | 1000000 |
| 4000 | 6000 | 10000 | 10000 | 10000 | 10000 |
Sum Insured (₹)
Combined limits for Pre- and Post-Hospitalisation (₹)
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 premium
Yes, cashless facility is available
Yes. Tax benefits are available for health insurance policies under Sec. 80D of the Income Tax Act.
The Sum Insured options available under this product are ₹ 200000, ₹ 300000, ₹ 400000, ₹ 500000, ₹ 750000, ₹ 1000000
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PRODUCT NAME: Varishta Bima| UIN NO: GCIHLIP26045V052526 | LAUNCH DATE: 1st APRIL 2026
