Universal Sompo Saral Suraksha Bima Policy

Eligibility age

Minimum: 18 yearsMaximum: 65 yearsChildren from the age of 10 years can be covered if any one of their parents are insured under this policy.Children who are unmarried also can be covered up to a maximum age of 25 years.

Cover offered

1. Critical Illness - under this cover, the policy will pay for any of the following ailments.  
2. A stroke that results in permanent symptoms  
3. Cancer that has developed to a certain stage.  
4. Regular dialysis due to kidney failure  
5. Open chest Coronary artery bypass grafting  
6. Organ transplant  
7. Bone Marrow transplant  
8. Personal accident - under this section there are 2 sub sections which have been mentioned below:  
9. Accidental Death: if the insured person dies in an accident, then the nominee will get a lump sum payment of the capital sum insured.  
10. Permanent Total Disablement: wherein the insured will be entitled to get a percentage of the capital sum insured if he suffers a total loss of limbs, due to an accident. 

Premium payments

Premium payments

1. The premium options available are:
2. For critical illness: the premium will be Rs. 10,000; Rs. 20,000 or Rs. 25,000.
3. For personal accident: the premium will be Rs. 20,000; Rs. 40,000; Rs. 50,000

Exclusions

1. Committing or attempting suicide
2. Drug addiction or alcoholism
3. Committing any breach of law with criminal intent
4. Injury due to adventurous sports

1. Death due to an act of war, invasion, act of foreign enemy, hostilities etc
2. Radiation or contamination by radioactivity

1. There will be a waiting period of 90 days applicable to this policy if you have not been covered by this policy for at least 1 year, without interruptions
2. The policy does not cover pre existing diseases, unless a 48 month period has lapsed
3. The policy does not offer cover if death occurs within 30 days on the policy due to a critical illness