Sankat Mochan Policy offered by Bajaj Allianz is basically a personal accident insurance policy that offers benefit amounts in case of accidental death of the insured member or if he/she is disabled – temporarily or permanently. Additionally, it covers accidental hospitalisation expenses and offers hospital confinement allowance.
Individuals who wish to purchase this policy have to meet certain age requirements as mentioned below:
Given below are some of the features of the health insurance policy that set it apart from others:
The key benefits offered under this policy are explained below:
|Death benefit||100% of the sum assured amount is paid to the nominee in case the assured’s death is caused by an accident|
|Permanent total disability benefit||125% of the sum assured amount is provided if the assured is permanently disabled due to an accident|
|Permanent partial disability benefit||5%-70% of the sum assured is provided as the benefit|
|Temporary total disability benefit||1% of the sum assured, up to a maximum of Rs.5,000, is provided on a weekly basis|
In addition to the above-mentioned benefits, the plan also offers the benefits mentioned below:div class="hungry-table nb-table">
|Hospital confinement allowance||Rs.1,000 is provided per day to help cover miscellaneous expenses, up to a maximum of Rs.30,000, provided the hospitalisation was necessitated from an injury caused by an accident|
|Accidental hospitalisation cover||Expenses incurred in treating the assured who suffered an injury due to an accident is covered up to the sum assured available under the policy|
|Transportation expenses||The transportation expenses incurred to transport the insured member’s body from the hospital to the cremation ground or person’s home is covered up to a maximum amount of Rs.5,000 or 2% of the sum assured|
|Children’s education benefit||Rs.5,000 is provided to each child of the insured member, up to a maximum of 2 dependent children below the age of 19 years, if the individual is deceased or permanently disabled|
If the event for which a claim is raised is related to any of the below-mentioned circumstances, the claim may be rejected:
The procedure to raise a claim under Bajaj Allianz is very simple. The same is explained below:
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