A lot of people have faith that good life and health insurance is sufficient to secure the financial future of their family. But there are certain factors that a life insurance policy might not cover, such as partial loss of sight or severance of one of the limbs, etc. This is why an accident protection plan is necessary. Unfortunate accidents cannot be planned for, but you can plan how you will cope with the unexpected.
We Cover
- Physical loss to an individual due to an accidental injury ( including fatal)
Who can be insured?
- Any individual or group of individuals ( through employer association and institution etc) aged between 12 and 70. Subject to the medical examination at 70 years a person can be covered up to 80.
What will the policy pay and how much?
When an accidental injury being the sole and direct cause results ( during the period of insurance) in:
| Death | 100 % of Sum Insured |
| Permanent Total Disablement | 100 % of Sum Insured |
| Loss of two limbs/ Two eyes or one limb and one eye | 100 % of Sum Insured |
| Loss of one limb or one eye | 50 % of Sum Insured |
| Permanent Partial Disablement | Varying % of Sum Insured as per policy |
| Temporary Total Disablement | 1 % of Capital Sum Insured per week Subject to a maximum of Rs 3000 per week for a maximum period of 100 weeks |
- On payment of extra premium medical expenses incurred up to 25 % of claim or 10 % of Sum Insured can be covered.
- Policy also pays for education fund for dependant children (2) of deceased insured and expenses of carriage of dead body of insured from accident site ( as per details in policy)
- Attractive cumulative bonus at the time of renewal by way of increasing the Sum Insured by 5 % for each completed claim free year of insurance ( maximum of 50 % SI ) without collecting extra premium as per policy.
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