Personal Accident

Personal Accident

Policy Details:

The policy is a benefit policy WHICH PAYS FOR THE Death, disablement and weekly benefits.PA is a worldwide cover available 24X7. The benefits under the policy can be assigned.

Highlights :



Who can take the Policy?

Person within age group of 5 to 70 years.

Persons above 70 years up to 75 years with a loading of 10% on premium.

Above 75 years up to 80 years with a loading of 20% on premium, cover should be restricted to Table 1 only

Additional Features:

Group policies:

may be issued covering more than one person.

No discounts to be offered for Group Consisting of less than 101 members.

Cumulative Bonus :
Benefits under item (1) to (4) will earn cumulative bonus @ 5% per year but not exceeding 50% of the Capital Sum Insured.

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 up to 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/-.

Covered :

The policy will pay for Death and disability of the person.

Exclusions :

Suicide ,Insanity, Pregnancy, War, War like situation , Armed forces, any work related to Aviation.