Collate Documents
Upon discharge, pay all hospital bills and collect all original documents of treatment undergone and expenses incurredToday, loans are available at the click of a few buttons. Be it car, home, or business; you can finance these easily with loans.
But what if something unfortunate happens to you, like an accident, illness, or job loss? Who will pay back the loan?
Surakshit Loan Bima provides a comprehensive protection and is specially designed to guard you and your family against the trauma you face for repayment of loan in event of unforeseen circumstances
Our Surakshit Loan Bima is your Plan B when you cannot pay back your loan. With it, you get comprehensive coverage that includes
You can cover up to four applicants (1 main applicant and maximum 3 co-applicants).
Our average turnaround time for claims settlement is within 30 working days.
30 days of grace period for renewal.
Migration is as per the migration guidelines of IRDAI.
Opt for cancellation within 15 days from the policy issue, provided there has been no claim.
The Policy shall be renewable up to age of 70 years.
Losing a job can be stressful, especially if you have a loan. But we won’t let you or your family suffer from this anxiety. Our policy will take care of your loan repayments even when you sit at home.
A critical illness can leave you bedridden for a while, which might put you out of your job. But don’t worry! Our policy will pay your loan installments while you are recovering!
While we stand with you during all trying times, we ensure you do not suffer financially. We cover your loan repayment in case of your permanent total disability or accidental death.
Illnesses due to war or nuclear dangers
Pregnancy
Illness due to the consumption of alcohol or drugs
Self-inflicted injury
Congenital and sexually transmitted diseases
Self-employed people
Termination of employment due to poor performance or fraud
Voluntary quitting the job
Suspension of employment
Pre-existing illness, injury, or disability
Adults: Entry age 18 years to 65 years with renewability up to 70 years
Sum Insured: Rs 10,000 to Rs. 3,00,00,000
Compulsory medical tests for policyholders above 50 years
You can purchase our Surakshit Loan Bima policy in several ways:
You Can Call On Our HELPLINE
1800-220-233 / 1860-500-3333 / 022-67837800
SEND US AN EMAIL
Once you secure the insurance cover, you get a financial assurance for all your health needs. You also get documents for your better understanding and convenience.
Our claim settlement process is fast and relaible
Collate Documents
Upon discharge, pay all hospital bills and collect all original documents of treatment undergone and expenses incurredClaim Form
Download and fill the FG health claim form
Document Submission
Submit original documents to the nearest Future Generali branch
Claim Settlement
We will settle the claim in subject to policy terms and conditionsFile your claim in minutes with Future Generali’s easy four-step claim process
Visit Hospital
Approach an insurance desk of your nearest FG Network Hospitals and show your health card for Cashless Treatment
Verify Yourself
The Network Hospital will verify your identity and submit duly filled pre-authorization form with Future GeneraliGet Admitted
You get admitted without any deposit and get cashless treatmentPeace of Mind
Once you are discharged, the hospital will send your claim documents to FG and the authorized amount will be settled directly with the hospitalThe loan borrowers of banks and financial institutions, will be eligible for the policy. The minimum age for taking this policy is 18 years to maximum 65 years and is renewable up to 70 years.
The following Critical Illnesses are covered under the policy:
(A) First Diagnosis of the below-mentioned Illnesses
(B) Undergoing for the first time of the following surgical procedures
(C) Occurrence for the first time of the following medical events
Yes, Medical test will be required for all the Insured(s) who are above age of 50 years.
The Company shall not be liable to make any payment directly or indirectly arising out of the following events:
A. Critical Illness
Pre-Existing Illness/ Disease. Medical Expenses incurred for the listed Critical Illnesses diagnosed within 90 days of the commencement of the Policy. Any external congenital Illness or condition or birth defects. Pregnancy, child birth. Any Critical Illness arising out of use, abuse or consequence or influence of any substance (substances that are abuse like illegal drugs, opioids, marijuana etc.), intoxicant, drug, alcohol or hallucinogen. Any sexually transmitted diseases, AIDS etc. Any Critical Illness caused by ionizing radiation or contamination by radioactivity from any nuclear fuel (explosive or hazardous form) or from any nuclear waste from the combustion of nuclear fuel, nuclear, chemical or biological attack.
B. Personal Accident
Pre-Existing Illness/ Disease. Accidental death or permanent disability due to mental disorders or disturbances of consciousness, strokes, fits or convulsions which affect the entire body and pathological disturbances caused by the mental reaction to the same. Suicide or attempted Suicide. Intentional self-inflicted injury. Working in underground mines, tunnelling or explosives, or involving electrical installation with high tension supply, or as jockeys or circus personnel, or engaged in Hazardous Activities.
C. Loss of Job
In the event of termination, dismissal, temporary suspension or retrenchment from employment of the Insured person being attributed to dishonesty or fraud or poor performance The Company shall not be liable to make any payment under this Policy in connection with or in respect of:
Self-employed persons; Any claim relating to unemployment from a job which is casual, temporary, seasonal or contractual in nature or any claim relating to an employee not on the direct rolls of the employer; Any voluntary unemployment; Unemployment at the time of inception of the Policy Period or arising within the first 90 days of inception of the Policy Period.
Any unemployment from a job under which no salary or any remuneration is provided to the Insured person. Any suspension from employment on account of any pending enquiry being conducted by the employer/ Public Authority. Any unemployment due to resignation, retirement whether voluntary or otherwise. Any unemployment due to non-confirmation of employment after or during such period under which the Insured was under probation.
The premium will not vary basis the type of loan and/or interest rates.
No, Personal Accident benefit covers only – Accidental Death or Permanent Total Disablement (PTD) due to accident under this policy.
Loss of Job is an optional cover and can be opted by salaried members only.
Insured event , under Loss of Job cover in relation to any Insured Person shall mean termination from employment of the Insured Person or lay off, his permanent dismissal or retrenchment from employment imposed on him by the employer due to any of the following:
First time diagnosis of any of the covered critical Illness for which a claim is admissible and payable under Critical Illness, during the policy period, or
Permanent Total Disability occurring due to an accident during the policy period for which a claim is admissible and payable under Personal Accident- Death and Disability.
Please refer policy wordings for detailed definitions of the covers and exlcusions.
There is a waiting period of 90 days in case of Critical illness and loss of Job covers i.e. the critical illness discovered or discoverable within 90 days from the inception of the Policy shall not be covered. Loss of Job occurring within the first 90 days of the policy is not payable.
There will be no waiting period for Personal Accident cover (Accidental Death and/ or Permanent Total Disablement).
The Policy can be taken for tenure of 1, 2, and 3 years.
Surakshit Loan Bima is a benefit policy that pays lump-sum amount on occurrence of the event to the insured. The lump-sum amount helps the insured i.e. loan borrowers of banks and financial institutions to guard him/ her and their family against the trauma they face for repayment of loan in the event of unfortunate incidences.
The Health insurance policy reimburses the actual medical expenses incurred by the insured during hospitalization up to the Sum Insured amount.
No, only salaried members can opt for Loss of Job cover. In case where Loss of Job is not opted, the member will get a premium discount of 10%.
No, this policy doesn’t cover natural death. The policy covers death due to an accident and critical illness specified in the policy.
Surakshit Loan Bima is a policy designed for the loan borrowers of banks and financial institutions. This Insurance Policy provides a comprehensive protection and is specifically designed to guard you and your family against the trauma you face for repayment of your loan in the event of unfortunate incidences which includes:
Maximum 18 listed Critical Illnesses
Personal Accident – Accidental Death, or Permanent Total Disablement (PTD) due to accident
Loss of Job (Optional cover) – can be opted for only Salaried Employees
This product will be offered on individual Sum Insured basis, covering up to a maximum of 4 applicants (1 main applicant and maximum 3 co-applicants).
Work stress is rising, particularly amongst young people, who feel extreme pressure to perform and keep their jobs.
Read MoreThe great feeling that comes from a fun and engaging hobby is a great way to de-stress and improve mental health.
Read MoreThe health insurance benefits are too many, and the good thing is that it is an investment for life.
Read MoreWe live in a period where health issues see an upsurge with each passing day.
Read MoreRegarding health insurance, top-up and regular health insurance plans are two prevalent options.
Read MoreHealthcare costs can significantly burden our finances, especially when faced with unexpected medical emergencies or illnesses.
Read MorePreviously ignored mental health is now gaining significance in all walks of life.
Read MoreAdolescence is generally considered the age where people experience the most significant upheaval of their lives - physiologically and psychologically.
Read MoreSection 80D of Income Tax is an important provision for claiming health insurance tax benefits for individuals and families (including Hindu Undivided families, i.e., HUF).
Read MoreRunning is one of the only exercises that’s over two million years old, and yet it hasn’t become any easier with time.
Read MoreAs the pandemic due to the Covid-19 virus rages across the world, it is now more important than ever to keep your immune system in tip-top shape.
Read MoreThe coronavirus pandemic has made exercising outdoors or at fitness centres really challenging.
Read MoreTo say 2020 was a tough year would be an understatement.
Read MorePRODUCT NAME: SURAKSHIT LOAN BIMA | UIN NO: FGIHLIP22112V032122 | LAUNCH DATE: 01ST-OCT-2021