Accidents don’t come with a warning but when it strikes us, it leaves us emotionally and financially distressed. In a time where accidents are becoming more frequent and medical expenses are inflating, opting for a personal accident cover is a prudent decision. Sometimes an accident can even lead to permanent or temporary disability which consequently, may lead to loss of income. This could leave the entire household financially handicapped. To curb such unpleasant situations, Aditya Birla Health Insurance (ABHI) has come out with an innovative health insurance product called as the Activ Secure-Personal Accident plan. The plan provides financial protection for you and your family in case of accidental death or disablement.
What makes this health insurance product unique is the focus it gives to the well-being of the consumer. The philosophy of Aditya Birla Health Insurance revolves around ‘health first’ and apart from providing financial assistance, it rewards its consumers in the form of cashback incentives that can be earned on achieving a healthy state. The cashback amount is useful to pay for any treatments that otherwise may not be covered under the health policy and also to make payments for renewing the policy. Up to 30% of the insured sum can be earned as cashback which gets credited to the health account of the policyholder. Any person enrolled for health insurance plans by Aditya Birla Health Insurance, including the policyholders of the Activ Secure-Personal Accident plan are entitled to earn cashback rewards.
The Activ Secure-Personal Accident plan also comes with the option of a wellness coach. We understand that after an accident an individual needs guidance to reclaim his/her health. A wellness coach will provide individuals with motivation and tips on how to get back to being physically fit. They will also help maintain an active lifestyle post recovery.
Features and Benefits of Activ Secure-Personal Accident Plan:
Accidental death cover - If the policyholder dies as a result of an accident, the nominee will receive 100% of the sum insured.
Permanent total disablement - Due to an accident, if the insured person suffers from an injury and results in his/her complete permanent disablement, he/she is eligible to receive 100% of the sum insured. Surgical procedures or infections arising out of an accident will, however, not be covered under the policy.
Permanent partial disablement - Depending on the nature of the disability, the insured person will receive up to 100% of sum insured.
Education Benefits - If the policyholder dies in an accident and if he/she is survived by dependent children, a lump sum amount will be paid towards the education of the dependents. The benefits will be available till the children attain 25 years of age. To be eligible for the benefits, the dependent children should not have an independent source of income and should pursue education as a full-time student in an institution.
Emergency road ambulance cover - If the policyholder is seriously injured in an accident and needs to be hospitalised immediately, the charges for the ambulance to transport the injured to the nearest hospital, will be reimbursed. Transportation expenses from the hospital to the insured’s residence is not covered under the policy. The ambulance charges can be reimbursed up to an amount of Rs.10,000.
Funeral expenses - In case of death of the policyholder due to the accident, the funeral, cremation, or burial expenses will be borne by the insurance provider. The maximum amount that can be claimed for this purpose is Rs.50,000.
Repatriation of remains - The transportation charges for mortal remains from the place of death to the policyholder's residence will also be reimbursed. The amount will be paid in lump sum.
Orphan benefit - If both the parents die in an accident, the surviving orphan is entitled to receive 10% of the insured sum and the amount can go up to Rs.15 lakh. The amount will be paid no matter how many the number of dependent children are. The benefit can be claimed by dependents who are aged below 25 years and for dependents aged below 18 years, the amount will be paid to the legal guardian of the dependent child is.
Modification benefit - If a person is rendered physically disabled due to an accident and his/her house or vehicle needs to be modified accordingly, the charges will be reimbursed under the policy. The modification must be certified ‘necessary’ by a medical practitioner.
Compassionate visit - Travel expenses for visit of a relative to the place where the policyholder is hospitalised will be reimbursed. The relative can be the insured person’s spouse, children, siblings, parents, in-laws or any legal guardian. The maximum amount for domestic travel is Rs.10,000 while for international travel it is Rs.25,000.
Cumulative bonus - If the insured person has not made any claim in a policy year, he/she is eligible for a 5% cumulative bonus on the insured sum. The maximum amount that can be earned as a cumulative bonus can go up to 50% of the insured sum. This benefit is however, not available in policies exceeding Rs.10 crores.
Optional covers - Under the Activ Secure-Personal Accident plan, below optional covers are available:
- Accidental in-patient hospitalisation cover - Room rent, ICU charges, operation theatre expenses, doctor’s fees, surgical equipment costs, etc will be covered in case the policyholder meets with an accident and needs to undergo hospital treatment. Day care treatments are also provided cover under this policy. Cashless facility is however, only available at network hospitals.
- Broken bones benefit - If the policyholder breaks his bones in an accident, he can opt for this benefit. The sum of the benefit will depend on the nature of bone injury, for example, a spinal cord damage is eligible for 100% of the broken bone cover limit payable.
- Coma benefit - A lump sum amount will be paid if the policyholder suffers from coma due to the accident.
- Burn benefit - Depending on the degree of burns owing to an accident, the policyholder will be reimbursed accordingly.
- Worldwide emergency assistance services - The insurance provider will offer emergency assistance services if the policyholder is injured while traveling beyond 150 km from his/her residence.
- Adventure sports cover - While engaging in an adventure sport, if the policyholder meets with an accident, a lump sum amount will be paid towards his treatment.
Some other optional covers offered under the Activ Secure-Personal Accident plan are - Loan protect, EMI protect, critical illness cover, temporary total disablement, and wellness coach. The Activ Secure-Personal Accident plan can be your ideal companion in times of an accident offering you financial support while also helping you reclaim your health and sustaining it.