Bajaj General Saral Suraksha Bima Policy

1. Base Coverage: Through this policy, you can get financial protection against accidental death, permanent total disablement, and permanent partial disablement.

• Accidental death or permanent total disablement: In this, the insured will get 100% of the Sum Insured.

• Partial disablement: In this, the insurer will receive compensation according to the terms of policy and the type of disability.

2. Policy Type and tenure: The policy is available on an individual basis and provides accident coverage for one year. You can renew the policy every year so that you can continue enjoying the benefits.

3. Premium Payment Options: The premium can be paid yearly, half-yearly, quarterly, or monthly. The premium amount can be different as it depends upon the selected payment frequency and the insurer's terms.

4. Cumulative Bonus: A bonus of 5% is added to the Sum Insured for every claim-free year. This bonus can go up to 50% if the policy is renewed without any break. If a claim is made, then the bonus will be reduced as per the conditions of the policy.

5. Sum Insured: The Sum Insured is the maximum amount payable by the insurer under the policy. You can choose a Sum Insured ranging from Rs.2.5 lakh to Rs.1 crore based on your coverage needs.

Inclusions of Bajaj General Saral Suraksha Bima Policy

The policy covers the following add-on:  

• Pays sum insured within 12 months of accident for accidental death 
• Pays sum insured for permanent total disability due to an accident  
• Pays partial amount for permanent partial disability due to an accident 

Exclusions of Bajaj General Saral Suraksha Bima Policy

The policy does not cover the following:

• Diagnostic or investigation tests that are not related to active treatment
• Vitamins, supplements, or substances that are not prescribed as part of hospitalisation/day care.
• First 30 days of treatment (waiting period), except for accidental injuries
• Cosmetic or aesthetic surgery unless required after accident, burns, or medical necessity.
• Experimental, unproven, or non-standard treatments are also not covered.

Optional Covers

Besides add-on covers, there are some optional covers also available which an insurer can consider. These are as follows:

• Temporary Total Disablement (TTD): This cover Pays 0.2% of the base sum insured per week if accident causes temporary inability to work.
• Hospitalisation Expenses due to Accident – It covers accident-related hospital expenses, including ICU, daycare procedures, and room charges up to 10% of the base sum insured.
• Education Grant: In this, if policy holder met with an accidental death, then it pays 10% of the base sum insured per dependent child.

Benefits of Bajaj General Saral Suraksha Bima Policy

The policy offers you various benefits which are as given below:

• It provides financial protection against accidental death and disability.
• It covers accident-related medical expenses, reducing out-of-pocket costs (optional cover).
• Insurers will get weekly income support during temporary total disability. The policy provides 0.2% of the sum insured per week for up to 100 weeks (optional cover).
• It covers hospitalisation expenses due to an accident up to 10% of the base sum insured (optional cover).
• It also supports children's education with a one-time education grant of 10% of the base sum insured per dependent the child in case of accidental death or permanent total disability (optional cover).