Future Generali India Life Insurance Company Limited, a joint venture company between India’s Future Group and global insurance group Assicurazioni Generali, has launched an affordable cancer protection plan to help patients cover their treatment cost.
Cancer incidences are on the rise in India, and with over 200 different kinds of cancer, this disease can be debilitating for the family emotionally as well as financially. Medical advancements today have improved the survival rate tremendously; however, cost of medical expenses to fight cancer continues to be a huge burden on the familys finances,” said Munish Sharda, Managing Director and CEO, Future Generali Life Insurance.
“The Future Generali Cancer Protect Plan takes complexity out of buying the product and aims to help our customers secure themselves and their families financially through a simple process, with no medical examinations at a highly affordable cost,” a company statement quoted Sharda as saying at the launch of the plan.
The key features of the plan include convenience of buying without any medical examination, simple product structure with minimum exclusions (no restriction based on annual income, occupation or smoking habits), flexible policy and a lump sum cover where the claimant receives 100 per cent of the sum assured on diagnosis for a major stage cancer, while for a minor stage, he or she receives 25 per cent of the sum assured.
Besides these, a policy buyer gets lump sum cover with income benefit.