Future Generali Health Insurance vs Royal Sundaram Health Insurance

It is well-known that relying only on your savings can exhaust your resources. That is why most financial experts recommend investing in different investment avenues to grow income and wealth. But some investments are not only related to income growth but also personal security. Such investments fall into insurance, such as health insurance, life insurance, and the like. So if you are looking to secure your health, this comparative guide of Future Generali Health Insurance and Royal Sundaram Health Insurance will show you how health insurance can be a wise investment. 

Future Generali Health Insurance vs Royal Sundaram Health Insurance – Overview 

ParameterFuture Generali Health InsuranceRoyal Sundaram Health Insurance
No. of health insurance policies10+8
E-servicesPolicy salePolicy renewalClaim settlementOnline consultationBranch locator24x7 call assistancePolicy salePolicy renewalClaim settlementOnline consultationBranch locator 24×7 customer care
Branches125+150+
Claim settlement ratio (CSR)95.28%85%
Cashless claim settlement time 1.5 hours3 hours
Hospital network6,000+ 5,000+

*Source: The Insurance Regulatory and Development Authority of India’s (IRDAI) Annual Report – 2019-20.

Health Insurance Policies: Future Generali Health Insurance vs Royal Sundaram Health Insurance

Future Generali Health Insurance, part of the well-established Future Group and Generali Group – offers over ten health insurance policies. Their insurance policies provide extensive coverage for a range of health needs. 

Royal Sundaram Health Insurance, has parent groups Sundaram Finance and Ageas Insurance. It might only offer a handful of health insurance policies but ensure that their policies cater to diverse health needs and provide high coverage.

Family Floater Insurance: 

Future Generali offers 3 Family Floater Policies: 

  • Health Suraksha 
  • Health Super Saver 
  • Health Total 

They offer: 

  • Sums insured (SI) up to Rs. 1,00,00,000
  • Coverage for:
  • Pre and post-hospitalization
  • In-patient hospitalization
  • Domiciliary home hospitalization 
  • 400+ daycare procedures 
  • Alternative (AYUSH) treatments of: 
  1. Ayurveda
  2. Unani
  3. Siddha
  4. Homeopathy
  • Organ donor expenses 
  • Ambulance charges 
  • Mental illnesses 
  • Child vaccination expenses 
  • Maternity expenses 
  • Newborn baby expenses 
  • Out-patient department consultations
  • Diagnostic tests and medicines 

Royal Sundaram offers 2 Family Floater Policies: 

  • Lifeline 
  • Family Plus 

They offer:  

  • SI up to Rs. 1,50,00,000 
  • Coverage for:
  • Pre and post-hospitalization
  • In-patient hospitalization
  • Domiciliary home hospitalization 
  • 200 daycare procedures
  • Organ donor expenses
  • AYUSH treatments
  • Maternity expenses
  • Newborn baby expenses  
  • Post-discharge nutritional allowance 
  • Bariatric surgery for obesity-control 
  • Out-patient departmental treatment 
  • Life support equipment costs 
  • Second medical opinion
  • Ambulance charges 
  • 100% restoration of the SI 
  • Health and wellness services 

Personal Accident Insurance: 

Future Generali’s Personal Accident Policy offers:

  • SI amounts up to 144 times of the monthly income of the insured 
  • 100% of the SI on the death of the insured due to an accident 
  • 150% of the SI for permanent total disablement  
  • 100% of the SI for coma, burns, fractures, and broken bones 
  • Up to 75% of the SI for permanent partial disablement 
  • Weekly cash benefits for temporary total disablement 
  • A child education benefit for the insured’s children
  • Up to Rs. 12,500 for repatriation and funeral costs 
  • Coverage for death/injury due to terrorism 
  • 12 benefits/add-on covers such as: 
  • Life support benefit 
  • Accidental hospitalization
  • Loan protector support
  • Adventure sports benefit 

Royal Sundaram’s Personal Accident Policy offers: 

  • Worldwide insurance coverage 
  • SI up to Rs. 75,00,000 
  • Up to Rs. 10,00,000 without proof of the insured’s income 
  • 100% of the SI on death (of the insured) due to an accident 
  • 100% of the SI on permanent total disablement
  • Up to 75% of the SI on permanent partial disablement 
  • Weekly cash benefits up to Rs. 10,000 for temporary total disablement
  • An education benefit of Rs. 10,000 for the insured’s children 
  • Post-hospitalization recovery benefits up to Rs. 50,000

Saral Suraksha Bima: 

The Saral Suraksha Bima is a standard accident care insurance policy offered by almost all insurers, including Future Generali Health Insurance and Royal Sundaram Health Insurance. Here is what it provides: 

  • 100% of the SI on the accidental death of the insured 
  • Up to 100% of the SI on permanent total disablement 
  • Up to 50% of the SI on permanent partial disablement 
  • Weekly cash benefits on temporary total disablement 
  • A cash benefit towards the education of the insured’s children 
  • Coverage for in-patient hospitalization expenses
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