Group Personal Accident Policy
Accidents can happen to anyone anywhere. They come unasked for and leave an “imprint”
on our lives for years to come. The Value of Human Life and Sufferings can not be
measured with money, but with a view to provide some relief to the injured person
or members of his family in the event of an unfortunate accident, we have designed
an insurance cover, known as “Personal Accident Insurance”.
Scope of Cover
The plan covers the risks of
- Accidental Death
- Permanent Total Disablement
- Permanent Partial Disability
- Temporary Total Disablement.
Additional Benefits include
- Accidental Medical Expenses: In case of accidental hospitalization the compensation
is reimbursed up to 40% of the valid Personal Accident claim max up to 5, 00,000.
- Hospital cash allowance: A daily allowance of Rs 1000 for each completed day of
hospitalization maximum up to 30 days during the policy period.
- Child Education Support: In case of Accidental Death and permanent total disability,
1% of sum insured is paid towards your children’s education benefit.
- Funeral Expenses: An amount of 1% of the sum insured up to maximum of Rs 10000 is
reimbursed for Funeral expenses.
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Main Exclusions
- Any existing disablement prior to the inception of the policy
- Suicide, attempted suicide
- Serving in military, armed forces
- Under the influence of drugs, alcohol & other intoxicants
- Participation in felony, riots, war etc.
- Exposure to nuclear, radioactive materials
- Self exposure to needless perils
- Loss due to child birth or pregnancy
- Act of terrorism.
Sum Insured
The sum insured is based on the monthly income and the occupation.
Premium
Based on age, occupation (class), sum insured & benefits opted. Premium inclusive
of service tax as applicable.
Age Group- for Self & Spouse -21 yr. to 70 yr.
Children – 1yr to 21 yr.
Occupation considered is Class I and II
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Occupational Classes-
Class I:
Accountants, Doctors, Lawyers, Architects, Consulting Engineers, Teachers, Bankers,
Persons engaged in administrative functions, Persons primarily engaged in occupations
of similar hazard.
Class II:
Builders, Contractors and Engineers engaged in superintending functions only. Veterinary
Doctors, paid drivers of motor cars and light motor vehicles and persons engaged
in occupations of similar hazard and not engaged in manual labour. All persons engaged
in manual labour (Except those falling under Group III) Cash Carrying Employees,
Garage and Motor Mechanics, Machine Operators, Drivers of trucks or lorries and
other heavy vehicles, Professional Athletics and Sportsmen, Woodworking Machinists
and persons engaged in occupations of similar hazard.
Class III:
Persons Working in underground mines, explosives, magazines, workers involved in
electrical installation with high tension supply, Jockeys, Circus personnel, Persons
engaged in activities like racing on wheels or horseback, big game hunting, mountaineering,
winter sports, skiing, ice hockey, ballooning, hand gliding, river rafting, polo
and persons engaged in occupations/activities of similar hazard.
Disclaimer
This is only a summary of the product features. The actual benefits available are
as described in the policy, and will be subject to the policy terms, conditions
and exclusions. Please seek the advice of your insurance advisor if you require
any further information or clarification.
How to buy this insurance?
Please contact us through our Toll Free Help Line / SMS / nearest office
For further details, please refer the policy brochure and conditions.
Download Proposal Form
Download Accident
Suraksha policy coverage, terms and conditions for customers of RM Prime Solution
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