Eligibility age

Min – 5 years

Max – 65 years

65 to 75 year applicants may be enrolled with 20% loading on premium

Basis

Individual/Family

Premiums

Single Premium. 0.4% to 2% of Sum Assured.

Sum assured

Basic – 10 times yearly income

Wider – 5 times yearly income

Comprehensive – 5 times yearly income (Rs.5 lakhs max)

Policy term

1 year

Renewability

Lifetime renewability option

Cover offered

The policy is available in 3 varieties:

• Basic cover – Death benefits
• Wider cover – Death, Permanent Total Disability and Permanent Partial Disability benefits
• Comprehensive – Death, Permanent Total Disability, Permanent Partial Disability and Temporary Total Disability benefits

There is also the option to add the following riders on payment of additional premium:

• Medical Expenses – 25% additional premium. 40% or lower of actuals of personal accident claim.
• Hospital confinement allowance – Rs.500 daily hospital allowance up to 30 days. Rs.300 additional premium per member.

Discount

• Family package discount as per 10% of premium for more than 3 members, 12.50% for more than 4 members and 15% for more than 5 members.
• If policy is renewed within 7 days of lapse, loyalty discount of 5% in 1^st year, 10% in 2^nd year and 15% in 3^rd year.

Benefits

In case of accidental claim:

• 1% of capital sum assured as funeral expenses up to Rs.2,500

• Ambulance charges up to Rs.1,000
• Death or permanent total disability will have education fund with 5% of capital sum assured up to Rs.15,000
• Loss of employment due to permanent total disability will receive 2% of basic sum assured up to Rs.25,000
• Clothing damages expenses up to Rs.1,000

Exclusions

General exclusions are as follows:

• Injuries resulting from invasion, war or act of foreign enemy, civil rebellion.
• Participation in motor speed events.
• Air travel except as a passenger on recognized airlines, charter aircraft.
• Nuclear fission or nuclear waste damages.
• Hazardous properties of nuclear components or nuclear assembly.
• Damages arising out of biological or chemical contamination and bombs, missiles, grenades, explosives as an act of terrorism.