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The
policy provides for payment of compensation in the event of accidents
leading to death or disablement of the insured person. The disablement
may be of permanent total or permanent partial or temporarily total in
nature. This policy can be issued to persons in the age group of 5
years to 70 years and can be extended to cover persons beyond the age
of 70 years and upto 80 years on payment of suitable additional
premium. The cover provided is worldwide.
Policy also provides for reimbursement of expenses incurred for
carriage of dead body and education grant for children (upto a maximum
of two children) of the primary insured person, subject to terms and
limits.
This
policy can be extended to cover actual medical expenses arising out of
the accident upto an amount not exceeding 40% of the compensation paid
in settlement of a valid claim under this Policy or 20% of the
relevant Capital Sum Insured whichever is less, on payment of 20% of
extra premium.
Cumulative Bonus
The sum insured under the Policy stands increased by 5% for each
completed claim free year of insurance (subject to a maximum of 50 %
). The earned cumulative bonus will not be lost if the policy is
renewed within 30 days of its expiry.
Exclusions:
The policy will not compensate for death or disablement due to
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pregnancy or related consequence.
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intentional self-injury, suicide or attempted
suicide,
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influence of intoxicating liquor or drugs
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whilst engaging in aviation or ballooning whilst
mounting into, dismounting from or travelling in any aircraft or
balloon other than as a passenger
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venereal diseases, AIDS or insanity.
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Insured committing any breach of law with or
without criminal intent.
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War and nuclear perils
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