Future Varishta Bima

Future 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. Available on Individual & Family floater basis.

Sum Insured options available:

200000 300000 400000 500000 750000 1000000
Policy Term
Minimum Policy Term 1 year
Maximum Policy Term 3 year
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-insurance medical examination:
a)Applicable for proposal form with any medical declaration for any sum insured
b)Mandatory Pre-insurance medical examination for sum insured 7.5 L and 10 L

What's Covered

Inpatient Treatment
Room rent, Nursing Expenses as provided by the Hospital/ Nursing Home

Other Inpatient Expenses
Medicines and drugs, Diagnostic Materials and X-ray, Operation Theatre Charges, Consultants, Specialists Fees etc

Other Expenses covered
Day Care Treatment expenses, Pre-hospitalization Medical Expenses, Post-hospitalization Medical Expenses.

Additional covers
Road Ambulance charges, Free Annual medical check-up

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.

Medical Report Validity
30 days from the day tests were done. Medical tests will be done in our empanelled diagnostic centre

Other Features
Family discount:
Family discount will be applicable in case two or more family members are covered in the same policy in case of Individual Sum Insured option.

Long-term discount:
Long-term discount up to 10% applicable in case of upfront premium payment for long term policy.

Other discount:
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.

Instalment Facility:
Facility of instalment premium payment is available on monthly, quarterly and half yearly. Loadings maximum of 5% will be applicable on standard premiums as per the instalment frequency opted.

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

Sub limits applicable for specified procedure:
Sub limits applicable for specified procedures under this policy. Co-payment will not be applicable in case there is a claim for these specified procedures.

Loading on Claim experience:
There will be no loading on premium for adverse claims experience.

Tax benefit:
Premium paid by any mode other than cash is eligible for tax relief as provided under Section 80-D of the Income Tax Act.


Top reasons why this plan is ideal for you
1 Floater Benefit:
Under a single sum insured, cover yourself and your Spouse.

2 Portability:
Port your existing policy with us to avail of benefits and services. Portability is as per the Portability guidelines of IRDAI.

3 Free Look Period
If you are not satisfied with the coverage, and terms and conditions of the policy, you can opt for cancellation of the policy within 15 days from the date of receipt of the policy documents, provided there has been no claim and you shall be entitled to a refund as per the policy terms and conditions.

4 30 Days for Renewal
From the expiry date of the policy, you get 30 days grace period for renewal.

Exclusions of this plan
External Congenital Anomaly and related Illness/ defect
Expenses incurred towards treatment of Illness or Injury arising out of alcohol use/misuse or abuse of alcohol, narcotic substance or drugs (whether prescribed or not).

Waiting Periods
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 Internal Congenital Anomalies, Varicose veins and Varicose ulcers, all diseases of Prostate, all types of Hernia, Varicocele, Hydrocele
48 months Any medical expenses in connection with treatment for any mental Illness or psychiatric Illness, AIDS, HIV
Hormone replacement therapy, sex change or treatment which results from or is in any way related to sex change.
Injury or Illness directly or indirectly caused by or arising from or attributable to war, invasion, act of foreign enemy, war like operations (whether war be declared or not)