Future Generali India Insurance Company Limited (FGII) has launched a health insurance product that brings LGBTQIA+ community (lesbian, gay, bisexual, and transgender) and members in a live-in relationship within the scope of the definition of ‘family’ to offer insurance coverage.
The comprehensive health insurance product called FG Health Absolute allows customers to access value added services like tele counselling, webinars on mental and physical health, vouchers for wellness centres, fitness, sports and diagnostic centres and regular health check-ups to ensure a healthy and fit lifestyle as part of the wellness benefits bundled with the policy.
The policy, which is available across online and offline channels, features eleven sum insured options for customers, ranging from ₹3 lakh to ₹100 lakh and offers protection to a maximum of 15 family members. There is no upper age limit for customers, ensuring access to optimal healthcare at all stages of the individual’s life, the company said.
“The pandemic has brought forth better appreciation for active health management, amongst individuals. While on one hand we are witnessing enhanced customer interest in health products and expect this segment to grow substantially, we are also sensing customer need for an all-encompassing health product, with enhanced features and maximised benefits,” Anup Rau, Managing Director & CEO, Future Generali India Insurance says.
The product also comes with a loyalty programme that enables customers to encash their reward points for premium discounts, availing a variety of goods, memberships etc. in the renewal policy. Under its wellness programme, customers are encouraged to undertake stress and happiness checks, and health risk assessments, twice a year, in addition to annual expert wellness assessments and lifestyle disorder monitoring. Monthly tracking has been included towards monitoring fitness and healthy lifestyle of the customers, ensuring a comprehensive approach towards physical and mental wellbeing, the company states.
“FG Health Absolute is a step in the direction of providing customers with a proposition that not only suits their ask for a comprehensive product but goes a step further by encouraging them to practice healthy habits, regularly, for a holistic health. This solution caters to almost all possible healthcare requirements, from wellness and value add services, which are the USPs of the product, to enhanced mother and child care as well as overseas treatments for specific illnesses. In keeping with our focus on being an ‘Inclusive’ insurer, with this product, we are also taking an important step by expanding the scope of ‘Family’ definition for our health indemnity products, to offer protection to members of the LGBTQIA+ community & members in a live-in relationship”, Rau adds.
Maternity and new-born expenses, infertility treatment, overseas treatment, OPD focus on mental and physical health, vaccination cover for children up to 12 years of age, and home healthcare, ., are among the features of FG Health Absolute cover. It offers a girl child benefit where maternity ‘sum insured’ is increased by additional amount of ₹10,000 on the birth of a girl child. Coverage for the new born baby under its mother’s policy, until the expiry of the cover, enhanced vaccination coverage for new-borns, a reinstatement of comprehensive mental illness benefits under OPD cover, enhanced cover for lasik and cataract treatments, as well as the host of value added services and wellness rewards programmes are part of it.