Future Generali India Insurance Company Limited or simply Future Generali India was formed in September 2007 (Registration number 132 and CIN U66030MH2006PLC165287) after being granted authorization certificate by the Insurance Regulatory Development Authority of India (IRDAI).
The insurance firm was an outcome of a joint venture, in the wake of India increasing Foreign direct investment stake in the insurance sector, between Indian business conglomerate Future Group and Italian company Generali which is among the world’s 50 largest insurance company (as per 2015 Fortune Global 500 rankings) established around 1831. Indian group Future established 25 years ago, is well known for its retail ventures namely Big Bazaar, Central, Food Bazaar and E-Zone which have now become leaders in the retail sector.
The insurance firm has its registered office in Elphinstone (West) in Mumbai and has a countrywide presence through direct channels and more than 6000 advisors.
Travelling is associated with several risks but now thanks to Future Generali travel insurance covers, travelers can now adequately insure their own selves as well as family members while on tour. It is advisable to get adequately covered on trips as the existing medical and health insurance may apply only within certain geographical boundaries. Also, there is always a risk of losing belongings and important documents when abroad or being stranded due to delays and cancellations.
Overseas travel is associated with certain different kinds of risks which need to be addressed differently from risks associated with domestic travel. For overseas travelers’ peace of mind Chola MS has crafted categorized insurance cover package based on overseas insurance research to suit the different insurance requirements
Students belong to a special class of international travelers who need cover for various special as well as general risks associated with overseas travel.
All medical tests are valid up to 30 days.
This travel insurance plan is for travelers travelling to Europe on a Schengen visa either for business or leisure purposes. Under this plan, all Schengen listed countries are covered under one policy, and the policy can be purchased instantly.
These features and benefits are applicable to all Future Generali travel insurance plans, the salient features and benefits include:
Future Generali exercises exclusions and does not provide any cover benefit under certain specific circumstances and these may include:
Policyholders of Future Generali travel insurance plans are provided with a policy kit which along with other important documents should always be within easy and quick reach during journeys, the kit includes:
Future Generali offers two types of claim processes one being a cashless settlement and the other reimbursement of covered expenses. Cashless settlements are generally for medical emergencies whereas reimbursements may be sought for other emergencies covered by the travel policy.
In the case of cashless claims, policyholder needs to show policy document to medical service provider abroad and inform Future General’s foreign assistance partner Europ Assistance regarding the claim where after Europ Assistance settles the claim directly with the service provider.
For reimbursement of expenses already undertaken which are covered under the travel policy, the policy holder needs to inform Europ Assistance regarding the claim and on coming back to India submit the required documents to Europ Assistance who then settle the claim within stipulated time period after verification.