Bajaj Allianz is one of the top general insurers in the country with different types of health insurance products in its lineup. Bajaj Allianz Personal Accident Insurance Policy is a personal accident cover that provides financial support following the death or disability of the insured person. In addition to the lump sum payment for death or disability, this policy offers a range of value added benefits like transportation allowance, education benefit, hospital confinement allowance, etc.
The following eligibility criteria must be met by people who wish to take Bajaj Allianz Personal Accident Insurance Policy:
Some of the notable features of Bajaj Allianz Personal Accident Insurance Policy can be listed as follows:
The following benefits are available policyholders under Bajaj Allianz Personal Accident Insurance Policy:
|Benefits||Extent of Coverage|
|Death of the insured person||Lump sum payment of 100% of the sum insured amount|
|Permanent total disability of the insured person (wider and comprehensive plans)||Lump sum payment of 125% of the sum insured amount|
|Permanent partial disability of the insured person (wider and comprehensive plans)||Lump sum payment up to 70% of the sum insured amount (varies based on the level of damages sustained by the insured)|
|Temporary total disability (comprehensive plan only)||1% of the sum insured amount (up to Rs.5,000) per week|
|Transportation of mortal remains||2% of the sum insured amount subject to a maximum of Rs.5,000|
|Children’s education bonus following the death or disability of the insured person||2% of the sum insured subject to a maximum of Rs.5,000 for up to 2 children|
|Hospital confinement allowance||Rs.1,000 per day for a maximum of 30 days|
|Medical expenses due to accidental injuries||Actual expenses or up to 40% of the valid claim amount (whichever is less)|
The following list of exclusions apply to this personal accident cover:
Following an accidental injury resulting in death or disability, the company must be notified in writing within a maximum of 30 days. The company will require various documents from the claimant before any processing the claims. Some of the documents can be listed as follows:
All these documents must be submitted within a maximum of 30 days from the date of intimation. Once these documents are submitted, the company will start processing the claim request. After verifying the details provided in the claim, the company will provide the claim amount.
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