Objective

This policy can be bought online and aims to cover against accidental death and disability.

Suited for

This policy can be bought as an individual policy. Policyholder may also include his spouse and up to two children.

What does it do?

This is a standalone personal accident policy which pays a lump sum amount in the event of accidental death or disablement. For an individual policy, the insurer will pay entire of sum assured to the family members in case of unfortunate demise; whereas, the disability benefit varies depending on nature of disablement.
If bought as a family cover, policy will cover spouse for up to 50 per cent of sum insured (if not earning) and entire sum insured if spouse is earning. Children are covered for up to 25 per cent of the basic sum insured. This policy also pays an education fund for continuation of deceased's children's education. Apart from the above benefits, policyholder can also get a cover for medical expenses incurred due to an accident by paying additional premium.

Pros

It provides financial assistance for continuation of deceased policyholder's children's education.
This policy can be bought online as well.

Our View

This is a standalone individual personal accident cover and can be bought if you wish to get an additional cover against accidental uncertainties. It offers a wide accidental coverage.

Eligibility

Entry Age (years)

Minimum

18

Maximum

60

Coverage Type

Individual/ Family on an individual basis

Policy Term (years)

1

Sum Insured (Rs)

Maximum

10 lakh

Minimum

5 lakh

No Claim Bonus

5% no claim bonus for every claim free renewal till it reaches 50% of initial sum insured

Grace Period for Policy Renewal

30 days

Policy Termination

Either of the parties may terminate this policy by giving a prior notice. The insurer would pay proportionate premiums if no claim has been made.

Customer Service

Address

Reliance General Insurance Company Ltd., Regd Office: Reliance Centre, 19, Walchand Hirachand Marg, Ballard Estate, Mumbai 400001

Mail to

Services.Rgicl@relianceada.com

Call to

1800 3002 8282(toll free) ; 022 3989 8282(charges apply)

SMS

Type 'protect' and send it to 55454

Network Hospitals

Http://www.reliancegeneral.co.in/insurance/cashless-hospitals.aspx

Scope Of Cover

Death benefit

100% of sum insured is payable

Permanent total disability

100% in case of loss of two limbs; 100% of sum insured in case of loss of two eyes or one limb and 50% in case of loss of one limb or one eye

Permanent Partial Disability

Varies from 1% to 75% of CSI as per policy

Temporary Total Disability

pays 1% of sum insured per week as per policy conditions

Additional benefit

Medical expenses(requires extra premium)

reimburses actual accidental medical expenses upto 40% of compensation paid of 20% of basic sum insured whichever is lower

Education fund

pays an amount equal to 10% of capital sum insured upto Rs 5000 per child for maximum two children upon death of insured member

Transportation of dead body

pays upto Rs 2500 for carrying dead body to residence

Exclusions and Waiting Period

General Exclusions

Pregnancy related claims will not be entertainedWar and nuclear perils related claims