Janata Personal Accident Policy

Janata Personal Accident Policy

Policy Details:
It was an agreement between the subsidiaries of GIC with regard to the rates, terms and conditions prescribed by this Agreement to underwrite the business of Cattle Insurance in India.

Highlights
Age group : 10 to 70 years.

Covered
Scope of cover : Insurance covers death and Permanent Disablement of the Insured resulting solely and directly from accident caused by outward violent and visible means.

Table of benefits :

1. Death - 100% of S.I.

2. Total loss of two eyes/

limbs or one eye &

one limb 100% of S.I.

3. Total loss of one eye

or one limb - 50% of S.I.

4. PTD -100% of S.I.

Sum Insured : Rs.25,000/- to 1,00,000/- in multiples of Rs.25,000/-

Premium : Rs.15/- for Sum Insured of every 25,000/-.

Group Discount : Varies from 5% for a group of 101 - 1000 to 30% for above 10 lacs. Group discount can be given to seven identified groups only.

Long term discount : Varies from 5% to 20% for two years policy to five years policy (maximum).

All discounts taken together should not exceed 30% (excluding S.D. in lieu of Agency Commission).

Exclusions :

Any existing disability, intentional self injuries or suicide, death or disablement under influence of liquor or drug, insanity, breach of law with criminal intention, war & nuclear group of perils, death or disablement due to racing, shooting, mountaineering etc.

Claims Procedure :

1) Immediate notice 2) Claim Form and medical certificate 3) Death certificate 4) Original Policy 5) P.M. report 6) Police Report.

Important notes :

1. No group discount can be offered on the anticipated group size.

2. Under no circumstances claims under such policies can be paid to any one other than the Insured/nominee.

3. No renewal of group policy should be encouraged where loss ratio is 70% and above.

4. No refund of premium will be allowed even if the claim arises in the earlier years under long term policy.