Future Generali India Insurance is basically a joint venture between the Future Group and the Generali Group, which is a 184-year-old global insurer featuring among the world's 50 largest companies. The company established in September 2007 with the aim of catering to a country which was on the verge of explosive expansion. Future Generali India has suitably benefitted from the Indian expertise and network of Future Group and the global insurance insight in the diverse product. The company’s vision is to actively protect and enhance people's lives.
Motor Insurance is one of the most important insurance that is mandatory in India. If you own a vehicle then it is compulsory in India to have a vehicle insurance under the Motor Insurance Act. Future Generali provides fast claim services, cashless facility in 900 convenient workshops. With good vehicle insurance, you will also get roadside assistance. It assists you in providing financial protection to your vehicle against any physical damage that happened because of an accident, theft or any unexpected incident.
According to the Motor Vehicles Act of India, it is compulsory to have vehicle insurance. It is a helpful thing as it provides financial support in case of damage or theft of your car. Future Generali is one of the best insurance company when it comes to having a motor insurance policy. The company offers wide coverage so that you and your bike will remain secure in the future.
You must be aware of the importance of car insurance. There are many reasons for buying the same.
You should understand that the authority would take away your vehicle if they found you without vehicle insurance and they would charge heavy penalties for the same.
The most important thing that makes it necessary is that it provides the financial protection to your damaged car, theft of a vehicle and in many other similar cases.
It also covers many things like replacement, loss of personal belongings from locked cars, third-party liability coverage, comprehensive coverage that protects you and your car from an unwanted incident.
Apart from the third party liability coverage and comprehensive coverage that we discuss above, it covers many more things such as:
This cover offers full claim without any deduction for depreciation on the value of parts replaced
Third Party Cover
Liability for third party injury/death, third party property and legal expenses you might incur to defend this claim for a maximum of 7,50,000
Personal Accident Cover
Personal accident cover for passengers (named or un-named) up to a maximum Capital Sum Insured of Rs. 2 lacs per person
Third Party Liability Coverage: Third Party Liability coverage is mandatory in India. It covers damages caused by you to the Third Party. This coverage does not include damage to the vehicle.
Comprehensive Coverage: This coverage provides you the financial support in case of a damaged vehicle, theft, external damage, fire, natural calamities and damage in transit among others.
There are many things that you must check when you are choosing your car insurance like premiums, additional benefits, discounts and much more. We at Policyx.com provide you the complete information about the policies and allow you to compare car insurance quotes online. The comparison will help you in getting the best car insurance plan out of top Car Insurance Companies.
It is designed in a way that can meet almost every expense in case of any emergency related to your vehicle whether it is about damages or theft. This plan will provide complete protection to your vehicle without depleting your savings.
There are several benefits of having a car insurance such as:
It provides 24/7 accident assistance.
Loss of personal belongings
Engine and electronic circuit cover
Zero depreciation cover
Other plans that Future Generali Insurance offers
Two wheeler insurance
For the ease in the claim process, Future Generali Motor insurance is offering Future Express and Future Express+. Future Express is great for those whose priority are repair service, reduced costs, and a more customized service. Future Express+, is for those who are looking for instant loss assessment and claim finalization. Under the same, the option of choosing the workshop for repairing vehicles.
Future Generali India is also providing several add-on covers with 3 different pre-defined bundles. These bundles are:
Silver – It offers Depreciation Cap, IDV and Consumables add-on covers.
Gold - In addition to the add-on covers provided by the Silver bundle, Gold offers Personal Accident, Loss of Personal Belongings and Loss of Keys add-on covers.
Platinum - In addition to the add-on covers offered under the Gold bundle, the Platinum bundle offers Inconvenience Allowance and Personal Liability add-on cover. Such as-
Depreciation Cap – it is basically an add-on benefit that you get against the depreciating value of the parts of vehicles parts just to make sure that you get the full amount claimed.
This add-on protects you against the depreciating value of vehicular parts and ensures that you get the full amount claimed.
IDV – With the same, you will get an access to IDV (Invoice value + Registration + Road Tax of the vehicle).
Consumables – You will be reimbursed (maximum amount of Rs 3000) the cost incurred in purchasing consumables for the vehicle.
Personal Accident – This benefits will offer the cover up to Rs 50 lakhs to the owner of the policy.
Loss of Personal Belongings – It will protect against the loss of your personal belongings and kept in your vehicle, up to an amount of Rs 50,000.
Loss of Keys - Under the same, you will get cover up to an amount of Rs 50,000.
Inconvenience Allowance – In case of vehicle breaks down, you don't have to worry about the transportation as under the same, you will get a daily allowance of Rs 3,000 on a daily basis for 15 days.
Personal Liability - It offers personal liability coverage of Rs. 5 lakhs to the policyholder.
For every claimless year, you will get a no claim bonus that will provide a discount of up to 50 percent on your own damage premium. But for the same, you have to renew the policy within 90 days of the expiry date.
If you are a member of a recognised automobile association, then you will receive some good discounts on your premium amount.
If you have installed an anti-theft device which is recognised by the ARAI (Automotive Research Association of India) in your vehicle, you’ll get a discount of 2.5% on your own damage premium, subject to the maximum of Rs.500.
Remember, it is necessary to invest in car Insurance in India as specified by the Indian Government. So, please follow the law and get your car insurance done right away!
Documents Required For New Car Insurance
Original/Copy of the Registration Certificate.
Copy of Invoice and proof of payment (for new car purchase).
Original/Copy of Driving License issued by competent authority.
Proof of address and contact details.
Copy of PAN and/or identity proof.
Before filing a claim with Future Generali, a few things are very important to keep in mind in regards to the claim procedure.
Below is the list of documents required when you make a claim.
Copy of the car insurance policy.
Duly filled claim form and claim intimation letter
Copy of Driving License.
Original/Copy of the Registration Certificate.
Invoices for both reimbursement and cashless claims, along with proof of cash receipt.
Copy of F.I.R if there was damage to a third party property/person.
The survey report issued by an authorised surveyor.
An estimation of repairs of the work carried out at the garage.
Apart from the third party liability coverage and comprehensive coverage that, Future Generali offers several other benefits such as
Zero Depreciation cover: It will be of great help when you want to replace any part of your car. The entire cost associated with the same will be liable to get the cover. But in the case where you do not have chosen zero depreciated cover then you will receive depreciated value under basic comprehensive cover.
Roadside Assistance: Car insurance also offers towing and many other advantages that helps you in several issues that may come up while driving.
Replacement covers: There are several insurance companies that also takes care of repair service and replacement of your car, but this feature varies from insurer to insurer.
Return to invoice: Under the same, the company will offer the full value of the damaged car. As an insured, you can take advantage of this feature in the first year of the policy.
Loss of Personal Belongings: Under the same, you will get additional benefits that coverage to personal belongings, including electronic items from the locked car.
Engine & Electronic Circuit Cover: It offers complete protection to the engine & Electronic Circuits especially in case of flooding.
|Inform Future Generali||The first step towards the claim filing process, is to inform the insurer about the incident, You can do the same with the help of SMS. If you are thinking of filing claim, then you have to download the claim form through the website.|
|Keep your details ready||Once you have informed Future Generali, you will have to submit the following details:
|To Submit your documents||The next step is to submit your documents that includes
The Future Generali Insurance company believes in providing ease to their customers. So they keep it very simple to file the claim.
1. Can someone purchase the car insurance online through future General?
Yes, you can easily buy the desired car insurance policy online with the help of Future Generali online portal. With the same, you will be able to save time and money as well.
2. What are the highlights of the Future Generali Online Car Insurance Policy?
Choice to buy online, with an instant policy issue.
Robust, 24x7 accessible customer support that includes claims registration.
Cashless repairs at the network of approved garages.
Claims settlement within 7 working days.
Automated Reminder Service.
3. What to do in case my vehicle meets with an accident?
In the case where you or your bike met an accident and caused damage to the third part, then you can contact customer care instantly and can report about the incident. You will be guided by a Future Generali executive who will assist you in the whole process.
4. According to Future Generali car insurance, what is the meaning of 'Total Loss'?
The insured vehicle will be taken as Constructive Total Loss if the total cost of the repair or retrieval of the car.
5. What is a comprehensive car insurance policy?
In India, there are basically two forms of car insurance policy that you can purchase. Comprehensive Motor Insurance policy or Third Party Insurance policy. Under a comprehensive insurance cover, you will get coverage on own vehicle and third party liability also. Third party insurance is liable to offer third party liability only. It is compulsory to have a valid third party car insurance according to the Govt. of India.
6. What is IDV in car insurance?
IDV is basically the existing market value of your car's current market value that is fixed on current/ ex-showroom price - Deprecation value or Mutual understanding between the policyholder and insurance company for vehicles above 5 years or obsolete model.
7. What is the compulsory deductible in car insurance?
Suppose, you met with an accident and the repair amount comes up to Rs 5000 then you have to pay around 1000 or 2000 rupees as compulsory deductible or compulsory excess.
8. What is the period of car insurance policy?
Many insurers have defined a period for which the insurance cover is applicable. Both the policy start date and end date will be mentioned in the policy’s documents. At the end of the policy, you have to renew the same for further insurance cover.
Future Generali On The Spot Motor Claim Settlement Has Top The Charts
Friday October 12, 2018
Future Generali is one of the leading Insurance players. It has taken many out of the box initiatives that have helped it in excelling in many Insurance segments. Among others, Motor Insurance is its prominent category. Its instant claim settlement for the motor is a great initiative introduced by Future Generali. It keeps on launching such useful processes that can benefit its customers.
This year Future Generali has further innovated its process by delivering its policies through What’s App. By tapping such a widely used social media networks like WhatsApp it has secured its leading position amid increasing competition in the Insurance sector.
K.G. Krishnamoorthy Rao, Managing Director and Chief Executive Officer, Future Generali Insurance says ” Their prime focus is customer service and they have been proactive in making their process technology based”. Rao added they are the first insurance company to deliver policies through WhatsApp. According to him, It can revolutionize the Insurance Industry with better customer engagement. They have successfully delivered more than 5000 policies using WhatsApp this year. Their earlier digital transformation Initiative – Imoss, on the spot motor claim settlement process is running successfully since 2016.
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