Future Generali is one of the leading general insurance companies in India offering travel, health, accident, car & many more plans which suits your needs best.
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COMMERCIAL INSURANCE

Group Loan Bima

    Group Loan Bima is an insurance Policy that 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.

    Scope of Cover

    • This policy is offered to loan borrowers of financial institutions on Group basis,as per group guidelines of IRDAI.

    • The product will be offered on individual Sum Insured basis.

    • The policy covers maximum 18 Critical Illnesses(depending on the plan chosen),Personal Accident(Death or Permanent Total Disability)and Loss of Job(in case opted).

    What’s Covered

    Group Loan Bima
    Sr No Benefits Plans
    A B C D E
    1 Critical Illness Benefit Loan sanctioned amount or Sum Insured opted whichever is less.
    2 Personal Accident

    a)Accidental Death
    b)Permanent Total Disability
    Loan Sanctioned Amount or Sum Insured opted whichever is less.Sum Insured for Accidental Death and Permanent Total Disability are same.
    3 Loss of Job(Optional Cover) 3 EMIs payable corresponding to the loan insured
    What's Not Covered
    • Directly or indirectly arising or resulting from the Insured person committing any breach of the law.

    • Arising out of or resulting directly or indirectly while serving in any branch of the Military or Armed Forces of any country during war or warlike operations.

    • Directly or indirectly caused by or contributed to by or arising from ionizing,radiation or contamination by radioactivity from any nuclear fuel or from any nuclear waste or from the combustion of nuclear fuel.

    • Directly or indirectly caused by or contributed to by or arising out of usage,consumption or abuse of alcohol and/or drugs.

    • Participation in skydiving,parachuting,hang gliding,bungee jumping,scuba diving,yachting,any bodily contact sport,any other potentially dangerous sport.

    • Arising out of or as a result of any act of self-destruction or self-inflicted injury,attempted suicide or suicide.

    • Any sexually transmitted diseases.Acquired Immune Deficiency Syndrome(AIDS),AIDS related complex syndrome(ARCS)and all diseases caused by and/or related to the HIV.

    • Arising out of or resulting directly or indirectly due to or as a consequence of pregnancy or treatment traceable to pregnancy and childbirth,abortion,miscarriage and its consequences,tests and treatment relating to infertility and invitro fertilization.

    • Participation in an actual or attempted felony,riot,crime,misdemeanor,or civil commotion.

    Disclaimer The above exclusions are indicative in nature,for detail exclusions please refer to the policy wordings.

     

    Disclaimer For complete details of Policy coverage,terms,conditions and exclusions,please refer the policy wordings.Click here to view Policy Wordings.