National Insurance Individual Personal Accident Policy

Entry Age

5 years - 70 years

Policy Period

1 year

Renewability

The policy can be renewed till the insured is 70 years of age.

Discount

A 10% family discount is available to insure the family members of the insured on an individual basis. This is available to a maximum of 6 persons only.

Bonus

Insured can avail 5% no claim bonus for every claim free renewal till it reaches 50% of the sum insured.

Basis

Covers the individual as well as the family. The insured and the family can be covered under a single policy with a 10% discount in the premium.

Sum Assured

72 months gross pay or Rs.10,00,000, whichever is less.

Plan Benefits

1. The plan covers the following:

1. Accidental death or Permanent Total Disablement due to the accident.
2. Optional cover against Hospitalisation expenses and daily allowance.
3. Different types of accidents like road, railroad and accidents due to natural calamities or due to terrorist acts.

1. There is no need for a health check-up while taking this policy.
2. The policy has a worldwide 24 hours cover.

Coverage

1. Accidental Death: If the insured dies within 12 months of accidental injury, 100% of the sum assured is covered.
2. Permanent Total Disablement: If the insured has suffered total disablement permanently from the accident, 100% of the sum assured is covered.
3. Permanent Partial Disablement: If the insured has any partial disablement within 12 months of the accident, the amount stated in the policy document is covered.
4. Temporary Total Disablement: 1% of the sum insured is covered weekly up to 104 weeks. It usually doesn't exceed Rs.5,000.
5. Loss of Limbs, two eyes or one eye and one limb: 100% of the sum insured is covered.
6. Loss of one limb or one eye: 50% of the sum insured is covered.
7. Dead body transportation: 2% of the sum insured is covered. It doesn't exceed Rs.1,000.
8. Education Fund: 10% of the sum insured is covered per child. The maximum amount covered per child is Rs.5,000.

Exclusion

1. Pre-existing illness or disability is not covered.
2. Intentional self-injury or attempt to suicide or suicide is not covered.
3. Damages caused if the insured was under the influence of alcohol or drugs.
4. If the insured is involved to high risk environment such as racing on wheel, hunting big game shooting, mountaineering, winter sports, skiing and ice hockey.
5. Damages caused by insanity.
6. Breaching law with an intent to commit crime.
7. Cumulative bonus is not available for death only cover.