Future Generali India Insurance launches 'Future Vector Care – Group'
To provide financial support in battling diseases like malaria and dengue
Future Generali India Insurance Company Limited (FGII), the general insurance arm of the joint venture between retail game changers Future Group and global insurer Generali has launched 'Future Vector Care – Group'. It is a group insurance policy which will provide financial support in battling vector-borne diseases like malaria, dengue,zika virus etc at affordable premium.
Vector-borne diseases are human illnesses caused by parasites, viruses and bacteria that are transmitted by ticks, fleas, mosquitoes and phlebotomine sandflies. According to the World Health Organisation, these diseases account for 17% of the estimated global burden of all infectious diseases.
The insurance policy is available to any person below the age of 65 years without any medical tests. The sum insured options available in the product range between Rs.10,000 to Rs.75,000 per person, per annum.
This insurance plan will provide a lump sum benefit in case the insured gets hospitalised (for continuous period of 24 hours) due to any of the following diseases caused by vectors: (i) Malaria (ii) Dengue (iii) Lymphatic Filariasis (iv) Kala-azar (v) Japanese Encephalitis (vi) Chikungunya (vii) Zika Virus
K. G. Krishnamoorthy Rao, MD and CEO said, “Not only have we seen an increase in the number of claims relating to vector-borne diseases such as dengue and malaria, but also a rise in the treatment costs for these conditions. At FGII, we consistently work towards providing innovative and relevant insurance products to our customers and the launch of Future Vector Care is in alignment with this philosophy."
About Future Generali India Insurance Company Limited
Future Generali India Insurance Company Limited is a joint venture between Future Group – the game changers in Retail Trade in India and Generali – a 187 years old global insurance group featuring among the world’s 60 largest companies*. The company was incorporated in September 2007 with the objective of providing retail, commercial, personal and rural insurance solutions to individuals and corporates to help them manage and mitigate risks.
Future Generali India has been aptly benefitting from the global Insurance expertise in diverse classes of products of Generali Group and the Indian retail game changer Future Group. Having firmly established its credentials in this segment and effectively leveraging on the skill set of both its JV partners, Future Generali India has evolved to become a Total Insurance Solutions Company.
*As per Fortune Global 500 Ranking (2017)
About Generali Group
Generali is an independent, Italian insurance Group, with a strong international presence. Established in 1831, it is among the world’s leading insurers and it is present in over 60 countries with total premium income exceeding €68 billion in 2017. With nearly 71,000 employees in the world and 57 million customers, the Group has a leading position in Western Europe and an increasingly significant presence in Central and Eastern Europe as well as in Asia. In 2017, Generali Group was included among the most sustainable companies in the world by the Corporate Knights ranking.
