Future Generali India Insurance Company Limited (FGII), announced the launch of Health Super Saver, a unique insurance product that offers a discount on the premium. The policy will provide a discount of 80% on the applicable premium in the consecutive year(s) of the plan tenure in case there is no claim in the first/ second year of the plan.
FGII is offering this product in two variants i.e. 1X and 2X. The Health Super Saver 1X plan provides a discount of 80% on the applicable premium in the consecutive year of the plan in case the first year of the plan is claim-free. In the Health Super Saver 2X plan, the policyholder can get 80% discount on the premium for the next consecutive two years of the plan, in case first two years of the plan tenure are claim-free or up to first claim. Further, an additional family discount of 10% is available if two or more family members are covered on an individual sum insured basis. The product covers an infant who is one day old to a senior citizen up to 70 years of age.
Anup Rau, MD & CEO, Future Generali India Insurance said, “This product is unique. The customer gets 80% off in the second year if there is no claim in the first year. No fine print, no ifs and buts. We hope to seed the importance of health insurance in the younger population where customers are reluctant to pay health premiums, looking at it as a “loss” if there is no claim raised.
The product also provides comprehensive coverage for mental illness and psychiatric intervention or consultation”
Consumers can opt for paying the premium in installments on a monthly, quarterly, or half-yearly basis.