In a loan health insurance plan, the insurance company pays the sum insured to the policyholder on the detection of critical illness or accidental death or permanent total disablement of the person insured. The policy provides the remaining sum insured amount after clearing the outstanding loan to the nominee or policyholder as applicable.
Future Generali Surakshit Loan Bima Policy provides the coverage so that the policyholder or their nominees can repay the loan amount without any hassle in case of accidental hazards. The policy covers the insured for listed critical illnesses, accidental death or disability or loss of job, which is an optional cover.
Type |
Individual Plan |
Sum Insured |
Rs 10,000 to 3,00,00,000 |
Critical Illnesses Covered |
18 |
Pre-policy Medical Test |
Required for the age above 50 years |
Future Generali Surakshit Loan Bima Health Insurance Policy covers different critical illnesses under different plan options. The policyholders may opt for a Loss of Job Cover as well. The plans are as follows:
Under Plan A, the following are covered:
In this category, the first time occurrence of the following medical events is covered.
Under Plan B, the following are covered:
In this category, first time procedure or first medical events, or first-time surgeries are covered for:
Under Plan C, the following are covered:
In this category first time procedure or first medical events, or first-time surgeries are covered for:
Under Plan D, the following are covered:
In this category, first time procedure or first medical events, or first-time surgeries are covered for:
Under Plan E, the following are covered:
Future Generali Surakshit Loan Bima Insurance Policy provides coverage for up to 18 listed critical illnesses, accidents, and disabilities resulting from the same. If the person insured dies due to any kind of accident or gets injured, resulting in permanent total disability, then Future Generali Health Insurance pays the sum insured. Below are the conditions in which the insurer is liable to pay the sum insured amount to the person insured.
The exclusions of Future Generali Surakshit Loan Bima Policy are:
The list is only indicative, not exhaustive. All those intending to buy Future Generali Surakshit Loan Bima Policy should go through the exclusions mentioned in the policy document.
The features and benefits of the Plan are as follows:
The minimum eligibility conditions to be fulfilled to buy this policy are:
Minimum Entry Age |
18 years |
Maximum Entry Age |
65 years; with renewability up to 70 years of age |
Number of people covered |
Max 4 i.e., 1 applicant and max 3 co-applicants. |
Residential Status |
This Plan covers people residing in India, i.e., Indian residents who are permanent residents or Indian citizens. |
Upon finding the terms and conditions of the policy to be unsatisfactory to the person insured, the person has every right to return the policy to the insurer at no extra cost, i.e., all the premiums paid will be returned to the policyholder after deducting nominal charges related to stamp and other taxes. The Plan can be returned within 15 days from the policy's starting date, provided that no claims are paid.
Ans: This Plan doesn't cover natural death.
Ans: Yes, it is required for those above 50 years of age.
Ans: Yes, one can buy Future Generali Surakshit Health Insurance plans online.
Ans: The policy term is 1 and 3 years.
Ans: The sum insured is from Rs 10,000 to Rs 3, 00,00,000 cr.
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Keeping in mind the COVID-19 pandemic and increasing lifestyle diseases, a health insurance policy becomes inevitable. Due to the financial protection, it offers during a medical emergency, it becomes an important part ...