Objective

This is a personal accident insurance policy that aims to cover a family in its ambit. It is a comprehensive policy that will take care of incidental expenses and losses.

Suited for

This policy can be bought for an individual or for a family to cover spouse and up to three children under one policy.

What does it do?

It pays the agreed sum insured on unfortunate demise of the insured member due to an accident. A family floater covers the spouse for 50 per cent of the basic sum insured and children for a maximum sum of 10 per cent, for each selected benefits offered under this policy. Cover for other related expenses increase the attractiveness of this plan.

Pros

It offers 5 per cent increase in the sum insured on renewal.

Cons

This policy does not cover temporary disability.

Our View

This is a decent policy that can be bought as an individual or family cover. Expenses like modification of house or vehicle in case of disability, education benefit for children on demise of the insured member are useful benefits.

Eligibility

Entry Age (years)

Minimum

18; 6 months for children

Maximum

70; 18 for children(23 in case child is financially dependent, unmarried, Full time student
in accredited Institute)

Coverage Type

Individual/ Family

Policy Term (years)

1

Sum Insured (Rs)

As stated in the Scope of Cover. Spouse is covered for 50% and upto 3 dependent children are covered for 10% each of selected benefit

No Claim Bonus

5% of original benefit is added to the sum insured for a maximum of 5 years on each policy renewal

Policy Termination

Insurer may cancel the policy at anytime by providing a prior notice of 7 days. Policy can be cancelled by insured person as well. Insurer will refund a proportionate premium as stated in the policy document

Customer Service

Registered Office:TATA AIG Insurance, 9th Floor, Piramal Towers, Peninsula Corporate Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai - 400 01

Customer Service

Mail to

customersupport@tata-aig.com

Call to

1800-266-7780

SMS

TAG to 5616181

Network Hospitals

Http://emeditek.co.in/Network_Provider.aspx

Scope of Cover

Plan Options

Level 1

Level 2

Level 3

Accidental death

10 lakh

15 lakh

20 lakh

Partial disability

pays a pre specified percentage of sum insured on basis of nature of disablement upto maximum of Rs.20 lakh

pays a pre specified percentage of sum insured on basis of nature of disablement upto maximum of 30 lakh

pays a pre specified percentage of sum insured on basis of nature of disablement upto maximum of 40 lakh

Total Disability

10 lakh

15 lakh

20 lakh

Special Coverage(only with Family Plan Option)

Special Education Benefit (for full time child in Grade 12 or above in case of death of insured member)

covered for maximum upto 10% of principal Sum Insured

Modification of House &/or vehicle in case of disability

covered upto maximum of Rs 50000

Repatriation of Remains

covers expenses upto Rs 5000

Family Transportation

covers expenses upto Rs 25000

Additional Benefits

Tuition benefit (in case of accidental death)

Rs 150000

Home Alteration & Vehicle Modification Benefit

covers expenses incurred between 1 year after the date of accident upto amount stated in the policy schedule

Repatriation benefit

pays upto maximum of Rs 5000

Family Transportation benefit

reimburses the actual expenses subject to maximum of Rs 25000

Exclusions and Waiting Period

Pre-existing diseases

not covered