Secure Your Future Against Accidental Death and Disability
Personal Accident Insurance policy provides complete financial protection to the insured members against uncertainties such as accidental death, accidental bodily injuries, and partial/total disabilities, permanent as well as temporary disabilities resulting from an accident. In the case of accidental death of the policyholder, the nominee gets 100% compensation from the insurer. There are various other compensations that are offered for accidental disability such as loss of eyes, limbs, and speech.
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/-.