Who can take the Policy?
- Person within age group of 5 to 70 years.
- Persons above 70 years upto 75 years with a loading of 10% on premium.
- Above 75 years upto 80 years with a loading of 20% on premium
Additional Features:
- No discounts to be offered for Group Consisting of less than 101 members.
- may be issued covering more than one person.
Cumulative Bonus:
Benefits of bonus @ 5% per year but not exceeding 50% of the Capital Sum Insured.*conditions apply
Family Discount:
If the insured opts to cover his/her husband/wife/dependent children/dependent parents under the policy, 5% discount is allowed on the total premium.
Additional Benefits:
- Expenses incurred for carriage of dead body of insured (death due to accident only) to place of residence subject to a maximum of 2% of capital sum insured or Rs. 1,000/- , whichever is lower.
- Medical expenses arising out of an accident upto 10% of Capital Sum Insured or 40% of the admissible claim whichever is lower at an additional premium of 20% of basic premium.
- Education Fund: Education fund for the dependent children of the insured following death or permanent total disablement as detailed below
- If the insured has one dependent child below the age of 23 years, an amount equal to 10% of the Capital Sum Insured subject to a maximum of Rs.5,000/-
- If the insured has more than one dependent child below the age of 23 years, an amount equal to 10% of Capital Sum Insured subject to a maximum of Rs.10,000/-.