INSURANCE
Future Generali India Insurance launches Sukshma Hospicash
Aug-05-2016

Future Generali India Insurance (FGII), a joint venture between Future Group and Generali, has launched ‘Sukshma Hospicash’, a micro-insurance cover specifically designed to take care of the incidental expenses in case of hospitalization. The policy will be available both for group and retail customers. This is a package policy aimed towards providing financial security to the economically vulnerable population of India. The product will be available through the company’s tie-ups with banks, MFIs, NGOs and through individual agents in rural areas.

Sukshma Hospicash is offered on individual sum assured as well as on family floater basis, covering self, Spouse and up to a maximum of three dependent children (up to 25 years). The product is offered to customers from the age of six months to 65 years and is renewable lifelong. Also, the premium paid will be exempt under Section 80 D of Income Tax.

In case of hospitalization in ICU, the product provides two times per day benefit to the insured. Several benefits are available under various plans of the product and it can be offered for different options under 5 days / 10 days / 15 days / 20 days and 25 days. Cover for maternity and pre-existing diseases are also available under optional benefits.

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