In this policy the person insured will get reimbursed only if he sustains bodily injury caused directly by accident by outward visible and violent means. The minimum amount that can be insured is Rs. 25,000/- and the maximum amount is Rs. 1,00,000/- per annum per person. The premium rate is Rs.15/- per sum assured for the amount of Rs. 25,000/- and in multiples of Rs. 25,000/- the premium can be increased.
This policy reimburses money only if there is permanent disability, death, loss in sight or loss of limbs.
Any person is eligible to get this cover irrespective of their occupation and sex between the age group of 10 to 70.
The policy cannot be claimed if there is suicide or attempted suicide, intentional self injury, accident caused by intoxication of drugs or liquor, loss due to breach of law, loss caused by insanity, nuclear radiation, war and allied perils.
This policy provides compensation in case of bodily injury or death to the insured person caused by accident by external violent and visible means.
This policy has been formulated on a 24 hours risk basis.
Under this policy there are different coverages available from the comprehensive death cover to restricted death cover, temporary total disablement and permanent disablement.
There is also family package available where the family and the children can also be covered under one single policy with a 10% discount in the premium.
An even group accident policy is available with discounts depending on the size of the group.