A latest Group Accident Guard Insurance Policy has been launched by India Post in combination with TATA AIG for covering a large group of people against accident related hospitalization.
This is a great insurance plan that is offered to all the customers of IPPB.
This plan offers a coverage of 10 lakhs at a very small premium of Rs. 399.
Read further, to understand what is covered and not covered in this group plan.
What’s a Group Accident Insurance or Group Accident Guard?
Group accident insurance pays for accident related hospitalization expenses for a large group of people. It helps you to make a preparation in advance for unexpected accident related events. It gives you an advantage to avail the best accident related hospitalization treatment at top hospitals without any financial burden.
Why Do You Need Group Accident Insurance or Group Accident Guard?
Accidents are unplanned & can happen with anyone. In extreme cases, when a person dies due to an accident, his family receives a compensation amount by the group accident insurance policy. In case of a permanent disability & paralysis, that person also receives compensation to carry out the education expenses of one of his eligible children. It’s a great insurance plan to take care of accident related emergencies in advance.
What’s Covered in Group Accident Insurance or Group Accident Guard?
1. Accidental Death: If you die because of an accident within 1 year of the date of accident, you get covered. The cover limit is up to 100% of the SI amount.
2. Accidental Paralysis or Mutilation: If your body part or parts get paralysed or you lose a body part as a result of mutilation due to an accident within 1 year of the date of accident, you will be covered for the same.
3. Children’s education: In case of your death due to an accident or your loss of ability to earn due to disability from an accident, you will receive the entire SI amount for one of your eligible children studying full time.
4. Permanent Disability: If you get permanently disabled due to an accident within 1 year of the date of accident, you will be covered for the same. The cover limit is up to 100% of the SI amount.
5. Accidental Hospital Expenses: You get covered for any accident related hospitalization expenses, provided you are hospitalized for more than a day.
6. Daily Hospi-Cash: You get a daily fixed cash amount in case you’re hospitalized for more than a day. There’s a limit to this amount & the number of days for which you’ll be paid the same.
7. Transportation Benefits: In case an immediate member of your family has to travel for a distance which is more than 150 km to meet the hospitalized insured person, the insurance company takes care of the expenses.
8. Partial Disability: If you get partially disabled due to an accident within 1 year of the date of accident, you will be covered for the same. The cover limit is determined as per the percentage stated in the policy document.
9. OPD Cover: In case the patient has to travel to a diagnostic centre or any other place for further treatment based on his medical practitioner’s advice, such expenses are covered.
10. Funeral Expenses: If the insurance company has accepted the policyholder’s claim under the feature of Accidental Death benefit, then the insurer will provide an additional fixed amount for the deceased person’s funeral expenses.
What’s NOT Covered in Group Accident Insurance or Group Accident Guard?
Dangerous sports
HIV/AIDS
Pre-existing Diseases
Seasonal Diseases
Bacterial Infections
Illegal acts
Wars
Military services
Military operations
Suicide
Premium & Coverage Options in Group Accident Insurance or Group Accident Guard
Premium Options in Group Accident Insurance
Accidental Death -Rs. 10,00,000/-
Permanent Total Disability -Rs. 10,00,000/-
Permanent Partial Disability-Rs. 10,00,000/-
Accidental Dismemberment and Paralysis -Rs. 10,00,000/-
Accidental Medical Expenses IPD Fixed up to Rs 60,000/- or actual claim, whichever is lower
Basic Option in Group Accident Insurance
Accidental Death -Rs. 10,00,000/-
Permanent Total Disability-Rs. 10,00,000/-
Permanent Partial Disability-Rs. 10,00,000/-
Accidental Dismemberment and Paralysis-Rs. 10,00,000/-
Accidental Medical Expenses IPD Fixed up to Rs 60,000/- or actual claim, whichever is lower
How Do WE help you?
And many more benefits waiting for you.
We at CKP assist you in providing Life Insurance adhering to your needs and requirements. We do understand the importance of a swift response and also assist you in getting your claims approved in a brisk too.
Book an appointment with us to understand more about the benefits .You can reach out to us at info@ckpinsurance.in or +91 9920099273.
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