100,000 +
Families Covered
1 Billion
Corporate Claims Paid in last 5 Years
Basic
This product has been developed to provide economical coverage to participants.
Under this cover, if any person covered dies due to accidental means within ninety
(90) days of such accident and the sustained injuries are solely and independently
caused by external, violent and purely accidental means, compensation will be paid
to the Participant for the benefit of his/her beneficiaries.
The sum covered would either be a fixed amount for everyone or determined according
to some agreed category. Most employers tend to link the amount of coverage with
employees’ designation or salary, whereas organizations would normally provide equal
amounts irrespective of membership status.
The cover is provided without ascertaining the state of each person’s health
condition up to a certain amount of sum covered (free-cover limit), beyond which
medical examination may be required.
Admissible Ages and Terms
Minimum Entry Age: 18 Years
Maximum Entry Age: 64 Years
Minimum and Maximum Sum Covered
Maximum: Subject to non-medical and company underwriting limits
Benefits Payable on Death During Coverage
In case of accidental death of the person covered during the covered period,
the Sum Covered will be payable to the employer / participant.
Supplementary Benefits (Optional)
(a) Accidental Disability Benefits
Under Accidental Disability, if any person covered sustains bodily injuries
effected solely through external, violent and purely accidental means and within
ninety (90) days suffers losses, compensation will be paid to the Participant for
the benefit of the person covered as per the following schedules:
Permanent Total Disability
Loss of both hands or amputation at higher sides – 100%
Loss of hand and a foot – 100%
Double amputation through leg or thigh – 100%
Loss of eyesight preventing essential work – 100%
Very severe facial disfigurement – 100%
Permanent Partial Disability
Permanent Partial Disability: Compensation will be paid as a
scheduled percentage of the Sum Covered (subject to degree of disablement),
ranging from 1% to 90%.
Temporary Total Disability
Temporary Total Disability: Compensation will be paid for loss of
wages in terms of fortnightly payments of an agreed amount until the person resumes
work, subject to a maximum period of one (1) year.
Accidental Hospitalization Benefit
Under Accidental Hospitalization, if any person covered suffers injury due to
accident and is hospitalized, medical expenses on a reimbursement basis up to
an agreed limit will be paid to the Participant for the benefit of the person covered.