Objective

A personal accident policy that allows to extend coverage to include spouse, children and/ or parents under the same policy.

Suited for

This policy is suitable for those who want to include all family members under one accident policy.

What does it do?

This is a personal accident policy that can be either bought as an individual policy for oneself or as a family policy that covers your spouse and children as well. It allows to cover your parents under the same policy. It covers accidental death, permanent disablement, broken bones and burns. It provides a daily cash benefit up to the maximum number of days mentioned in policy schedule. Ambulance cost is also covered.

Pros

Family discount on covering two or more members is available.
Parents can be covered.
5 per cent bonus for each claim-free year is available.
This policy can be bought online through company's website.

Cons

Policy benefits for parents(if covered) are limited to pre- decided levels.
This policy does not cover temporary disablement.
There is no taxation benefit.

Our View

A standalone personal accident cover is a must for those exposed to any type of accidental risks, be it driving on road or working in a factory. Option to include parents makes this policy stand out. However, including parents should be considered only if they are exposed to the accidental risk and really require this type of cover.

Eligibility

Entry Age (years)

Minimum

18; 3 Months for Children

Maximum

65 for self and 70 for parents(if opted for Family Package Cover); 21 for Children

Maximum Policy Renewal Age (years)

65

Coverage Type

Self/ Self & Family/ Self + Dependent parents/ Self & Family +Dependent Parents

Policy Term (years)

1

Sum Insured (Rs)

Maximum

15 lakh

Minimum

2.5 lakh

Discount

Family discount of 10% if 2 or more members are covered

No Claim Bonus

5% for each claim free year upto maximum of 50% of initial Sum insured. On acceptance of claim during any policy year, cumulative bonus will be reduced by 10% in subsequent policy year.

Pre Policy Medical Check Up

Not required

Grace Period for Policy Renewal

15 days

Policy Termination

Insurer may cancel the policy by giving a 30 days written notice to policyholder. Policyholder may also cancel the policy at any time by giving a 30 days written notice to insurer. In case policyholder cancelling the policy, a certain percentage of premium would be refunded on prorata basis.

Customer Service

Address

HDFC ERGO General Insurance Company Limited 6th floor, Leela Business Park, Andheri-KurlaRoad Andheri East, Mumbai 400 059; Registered Office: Ramon House, HT Parekh Marg 169, Backbay Reclamation, Mumbai 400 020

Mail to

care@hdfcergo.com

Call to

1800 2 700 700

Scope Of Cover

Self Plan

Family Plan

Accidental Death (within 12 months post accident)

covered upto 100% of Sum insured

100% of Sum Insured for Self or spouse and 10% for children

Permanent Disablement (within 12 months post accident)

pays upto 100% of Sum Insured

100% of Sum Insured for Self or spouse and 10% for children

Emergency Ambulance

covered; it pays Rs 1500 for Sum Insured upto Rs 10 lakh and Rs 2000 for Rs 15 lakh Sum Insured

no discretion of coverage

Broken Bones

pays upto 10% of Sum Insured

pays upto 10% of Sum Insured for self or spouse. No payout for children

Hospital Cash- Accident and Sickness

Rs 250 per day for Sum Insured upto Rs 7.5 lakh and Rs 500 per day for higher Sum Insured. Daily Cash Benefit is realised only if need of hospitalisation arises within one month following the date of accident. There is a time deductible of 3 days

Same entitlement for self or spouse and 50% of entitlement for children

Burns

Second and third degree burns caused whilst on a common carrier are covered upto maximum of Sum Insured

100% of Sum Insured for Self or spouse. No payout for children

Add On Coverage for parents (requires payment of additional premium)

Dependent parents Cover

Accidental Death

Covered upto maximum of Rs 2.5 lakh

Permanent Disablement

Broken Bones

Covered upto maximum of Rs 50000

Exclusions and Waiting Period

General Exclusions

Self inflicted bodily injury Bodily injury due to driving two wheeler of more than 150 ccEngagement in any illegal or criminal activitiesEngagement in adventurous acts such as parachuting, bunjee jumping etc.Bodily injury arising as aresult of terrorismbodily injury or disease caused as a result of HIV/ AIDS or any related condition