Objective

This is a basic personal accident insurance policy that aims to provide financial support to the family members and insured member in case of a mishap.

Suited for

Anyone between 18 and 64 years of age can buy this policy for up to Rs 20 lakh sum insured.

What does it do?

This policy pays accidental death and disability benefit in two parts. An initial amount of 10 per cent of admissible sum insured is followed by the remaining amount in monthly installments for next 60 months. It also pays a daily cash benefit to take care of expenses like transportation of family members, relative accommodation or expenses which are otherwise not covered under the policy.

Pros

It offers daily cash benefit.

Cons

Claim discharge in two parts may not suit the needs of all claimants.

Our View

This is an expensive policy as the premiums charged are higher than the benefits offered. Claim settlement in two parts may not be suit all claimants.

Eligibility

Entry Age (years)

Minimum

18

Maximum

64

Maximum Policy Renewal Age (years)

65

Coverage Type

Individual

Policy Term (years)

1

Sum Insured (Rs)

Maximum

20 lakh

Minimum

10 lakh

Policy Termination

Insurer may cancel the policy by providing a 15 days prior notice. Insured person may also cancel the policy at any time. 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

Acidental death

1000000

1500000

2000000

Permanent and total loss of use resulting in Quadriplegia or Paraplegia

1000000

1500000

2000000

Injury resulting in loss of limbs

pays a pre-specified amount upto sum insured as stated in the policy document depending on the loss or injury.

Daily Cash benefit

1000

1500

2000

Exclusions and Waiting Period

Pre-existing diseases

not covered

Waiting period

daily cash benefit will be paid after 3 days of hospitalisation have elapsed.