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Future Generali India Insurance expands micro insurance portfolio with the launch of ‘Sukshma Hospicash’

Hospitalisation cover providing cash benefit in case of hospitalization

Fixed benefit for each day of hospitalization irrespective of the actual medical cost

Product is available both as retail and group product

Future Generali India Insurance Company Limited (FGII), a joint venture between Future Group - the game changers in Retail Trade in India and Generali – a 184 years old global insurance group featuring among the world’s 50 largest companies*, today launched ‘Sukshma Hospicash’, a mico-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.

Speaking on the launch, K.G. Krishnamoorthy Rao, MD and CEO, Future Generali India Insurance Company Limited said “We expect the rural and micro insuarnce industry to grow at 30% this year. This segment has largely remained untapped till now. With the launch of Sukshma Hospicash, we aim to cater to this untapped segment in rural India through such customized products and also focus on increasing insurance penetration in the country.”

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. Shreeraj Deshpande, Head- Health Insurance, Future Generali India Insurance Company Limited said, “We believe that cash benefits during hospitalisation provide a major relief to people as their daily expenses are taken care of which in turn reduces the financial burden at such a critical time. We are offering ‘Sukshma Hospicash’ with different premium options which one can choose as per their requirement”.

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.

Highlights of ‘Sukshma Hospicash’
  • The product is offered to customers from 6 months to 65 years of age and is renewable lifelong
  • Per day benefit will be two times when hospitalized in an ICU
  • ICU benefit available for maximum period of 10 days for each hospitalization and maximum 20 days during the policy period (as per the plan opted)
  • Claim can be made for each day of hospitalization as per the plan
  • Change in plan can be allowed at the time of renewal
Wide extent of Coverage
  • Children above age of six months are eligible if the parent(s) are concurrently insured with Future Generali
  • Optional benefit available for maternity benefit with additional premium
  • Continuity would be offered from similar Hospital cash policy with the same per day benefit amount
  • There will be no loading on premium for adverse claims experience in the individual Hospicash policy
  • The hospitalization benefit will be uniform for all the members covered under Family Floater policy and/or Individual policy
  • Premium paid is exempt under the section 80 D of Income Tax
  • Free look period for 15 days to the policyholders within which the customers can decide on the policy and return it back if not satisfied with the coiverage and benifits

For detailed benefits, coverage and exclusions, please refer to the policy brochure.


Future Generali India Insurance Company Limited is a joint venture between Future Group – the game changers in Retail Trade in India and Generali – a 184 years old global insurance group featuring among the world’s 50 largest companies. The company was incorporated in September 2007 with the objective of catering to a country which was on the threshold of explosive expansion. Future Generali India has been aptly benefitting from the Indian expertise and network of Future Group and the global insurance insight in diverse product classes of Generali Group. It provides a comprehensive solution to customers and enterprises through retail, commercial, personal and rural product offerings. Having firmly established its credentials in this segment, Future Generali, effectively leveraging on the skill set of both its JV parents, has evolved to become a Total Insurance Solutions Company.

*As per Fortune Global 500 Ranking (2015)