Future Generali Future Vector Care- Eligibility, Features & Exclusions

Updated: 28-08-2023 09:55:42 AM

In the present time, life is fast and unpredictable. No matter how you care about your health and wellness, you may be prone to some seasonal or occasional disease due to contaminated air, water or food. Sometimes, your health gets affected due to the sickness of family members or neighbors.  In all such cases, your routine gets disturbed. You have to take leave from the job. Even your family members are also affected to care for you during illness and hospitalization. To give you financial relief from such circumstances, Future Generali has launched health care insurance- Future Generali Future Vector Care specifically for diseases of short illness in nature, that needs hospitalization. You will be paid a lump sum amount based on the sum insured. The specified diseases covered under this policy are Malaria, Dengue fever, Lymphatic Filariasis, Kala Azar, Chikungunya, Japanese Encephalitis, and Zika Virus.

Types of Future Generali Future Vector Care Plan

There is no specific type in the vector care plan, but you can avail four different choices for sum insured:

Choice	Sum Insured
Choice 1	INR 10000
Choice 2	INR 25000
Choice 3	INR 50000
Choice 4	INR 75000

Eligibility Criteria

Parameters	Details
Minimum Entry Age	1 Day
Maximum Entry Age	65 Years
Renewal Age	Lifelong renewal is allowed.
Minimum Policy Tenure	One Year
Maximum Policy Tenure	Three Years
Family Members Coverage	Self, Spouse, Three dependent children up to age 25 years and two dependent parents
Sum Insured	INR 10000, INR 25000, INR 50000, INR 75000

Features of Future Generali Future Vector Care

• Avail lump-sum payment of 100% sum insured in case of hospitalization of the insured due to following diseases :

1.  Malaria
2.  Dengue
3. Lymphatic Filariasis
4.  Kala-azar
5. Japanese Encephalitis
6. Chikungunya
7.  Zika Virus

• The scope of the policy is limited to the above disease only and based on certain parameters of the disease.
• Once it is established that the nature of the claim is within the scope of the policy, you shall be paid a lump-sum payment of 100% sum insured, irrespective of actual expenses.
• Once sum insured is decided in the policy document, it will be maintained constant throughout policy tenure. You will have an option to alter the sum insured at the time of renewal of the policy.
• In case of a claim, sum insured is exhausted. While paying you the claim, the company will deduct the proportionate amount to reinstate your sum insured so that you can remain protected through-out the policy tenure.
• There is no need for any medical examination of this insurance. The person of eligible age can select the sum insured of his choice and avail the insurance without undergoing a medical examination.

Points to Consider before purchasing Future Generali Future Vector Care

1. Avail Sufficient Insurance

The premium of the plan is extremely reasonable and affordable. Moreover, the plan pays lump sum amount rather than reimbursement. Such a feature can cover your indirect expenses like leave, transportation, expenses of caretaker, apart from regular hospitalization expenses. Consider availing sufficient insurance to get a real benefit in case of sickness.

2. Know the coverage well

 The vector plan covers specific disease as listed above. Any other disease, critical illness or accident is not cover. Know exactly what is covered and what is not covered. Avail additional insurance for comprehensive cover.

3. Avail Early

Younger the age, higher the chances of availing health insurance. Hence, consider insuring yourself at an early age to remain protected for your health at a reasonable premium for a lifetime.

Filing claim with Future Generali Future Vector Care

• As soon as the need of the claim arises, intimate Future Generali insurance company for the same. You can inform the company by phone, email or letter. Ideally, your intimation should be received to the company within 48 hours from the time of hospitalization.
• Compile necessary documents within 15 days of discharge from the hospital.
• In case of delay, you must write to the insurance company for the reason of delay that is beyond your control.
• Upon satisfactory receipt of every document, the claim is paid within 30 days.
• In case the claim needs investigation, the claim is paid within 45 days.
• The days are counted from the date of receipt of every document by the insurance company.

Documents Required

• Filled and signed Claim-form.
• The doctors; report regarding illness, treatment, and duration.
• Intimation details to Future Generali.
• Original Discharge Summary, signed and stamped by the hospital.
• Hospital bills and medical bills.
• Laboratory reports.
• Identification (KYC) documents of the insured.
• Clear diagnostic and treatment details and reports specific to the disease.

Exclusions under Future Vector Care Plan

• Any claim less than 24 hours of hospitalization is not covered.
• The claim raised within 15 days of availing policy is not paid.
• The vector policy is limited to the diseases mentioned in the policy. Any disease not listed in the policy document is not covered.
• Dental surgery, obesity treatment, mental illness are excluded.
• The pre-existing disease is covered after a specified waiting period.
• The coverage outside India is limited to countries mentioned in Future Generali website, and the list is subjected to review periodically.

How Long Does It Take to Payout a Claim?

Future Generali has in-house claim processing unit. Thanks to such a facility, the claim under vector policy are processed and paid within 30 days from the receipt of the claim form and necessary documents. To avail the payment on time, consider sending every document related to the treatment and filling the claim form completely.

Renewal Process of Future Generali Future Vector Care

Policyholders can renew the plan through mutual consent with the company. In this case, renewal premium shall be paid to the company by the policyholder before the date of expiry of policy.

Advantages of Buying Future Generali Total Health Plan

1. Lower premium rates.
2. Simplified lump sum payment in case of hospitalization.
3. The pre-medical examination is not required. Everyone can avail the insurance without medical examination irrespective of age or sum insured.

Also Read: Future Generali Health Total Policy

FAQs

Q1. What is Cooling off period?

Once the insurance company pays you the claim, you cannot make another claim within 60 days from the date of admission of the claim. Such a period of 60 days is called a cooling off period.

Q2. Once I avail the claim, will my policy be valid?

Once the claim is accepted, your sum insured is exhausted. Future Generali company reinstate the sum insured by way of deduction of the premium from the payable claims. The deduction will be on pro-rata basis for the remaining period of policy claim.

 Q3. What is long term discount in Future Generali Future Vector Care policy?

If you avail the insurance policy for more than one year in a single payment, you can avail discount. For two years’ payment together, the discount is 5%. While for three years’ premium together, the discount is 7.5%

Q4. What is direct sales discount?

If you buy the Future Generali Future Vector Care policy directly from the company without any intermediator, you can avail 15% discount. You can choose to avail the policy from the company office or company website.

Q5. I have health insurance for critical illness. Still, I need Future Vector Care Insurance?

The critical health insurance covers only critical illness that is perhaps once in a lifetime. However, there are other “small” illnesses like Malaria, Chikungunya, and others that come to our life frequently. They are not serious till a certain stage, but still, the treatment is good enough to ruin our budget till several months. The purpose of Vector Care is to keep yourself insured against such illness.

Q6. What is the premium amount for Future Vector Care Insurance?

The present premium amount is as below:

Sum Insured	Premium Amount ( Taxes Extra) per annum per person
INR 10000	INR 254
INR 25000	INR 461
INR 50000	INR 923
INR 75000	INR 1384