This health insurance plan caters to corporates who wish to insure their employees against accidental death, permanent total disablement, permanent partial disablement, and loss of limbs and eyes.
|Entry Age||The last birthday of the insured will be considered.|
|Sum Insured||Based on the earning capacity of the person insured, the sum insured can be determined.|
|Policy Tenure||12 months from the state date of the cover period.|
|Renewability||Ordinary renewal except in case of misrepresentation, fraud, moral hazard or non-cooperation on the insured’s part. The policy will be renewed as a separate contract under the prevailing group accident product. If the same product is not available, then the policy will renewed with its closest substitute.|
|Claims||Claims will be settled within 30 days from the date of receipt of all documents. Claims will be paid through electronic fund transfer.|
|Premiums||The amount of premium payable will depend upon the occupation of the person insured. It will also depend on the benefits opted for under the policy.|
|Benefits||Benefits are customisable as per the needs of the corporate and the group insured. General coverage includes:
|Documents Required for Claim||
|Main Exclusions||The plan will not cover costs arising out of self-injury, suicide, war, nuclear hazards, pregnancy, and venereal disease.|
|Group discount||Based on the size of the group, discounts are available. The discounts that can be availed depend on a set slab that increases with the size of the group insured.|
|Grace period||The policy must be renewed before or on the date of the expiry of the previous year’s policy.|
|Extension||The policy extends to medical expenses incurred.|
GST rate of 18% applicable for all financial services effective July 1, 2017.
Disclaimer: Premiums may vary depending upon factors like age, location and prevailing taxes/GST.