Personal accident policies are developed to provide financial security against the adversities that follow an unexpected accident. While these covers do not provide any mediclaim benefits to the insured, they are effective in providing financial relief to the insured or his/her family following an unfortunate accident. Future Generali Personal Accident Policy is one such cover that provides lump sum benefits following the death or disability of the insured person. This policy comes with flexible terms and the benefits can be enhanced by subscribing to a number of add-on policies.
The eligibility criteria set forth by the company for enrolling in this personal accident policy can be given as follows:
Some of the key features of Future Generali Personal Accident Policy can be listed as follows:
Some of the benefits provided under Future Generali Personal Accident Policy can be given in the table:
|Benefits||Extent of Coverage|
|Accidental death of the insured person||Lump sum payment of 100% of the sum insured amount|
|Permanent total disablement:
||Lump sum payment of 150% of the sum insured amount|
|Permanent partial disablement||Lump sum payment up to 75% of the sum insured amount (varies based on the severity of the injury)|
|Temporary total disablement||Specific weekly benefit for a maximum of 100 weeks|
|Repatriation benefit and funeral expenses||1% of the sum insured amount subject to a maximum of Rs.12,500|
This policy also comes with a range of add-on covers to enhance the benefits offered to the insured person:
|Benefits||Extent of Coverage|
|Child education support||Monthly benefit for dependent children (as mentioned in the policy schedule) following the accidental death or permanent total disability of the primary insured|
|Life support benefit||Monthly benefit for a specific number of months mentioned in the policy schedule|
|Accidental medical expenses||Up to 40% of the valid personal accident claim or 20% of the sum insured amount (whichever is less)|
|Accidental hospitalisation||Covered up to the sum insured limit subject to a maximum of Rs.10 lakh|
|Hospital cash allowance||Specific daily cash amount during hospitalisation for a maximum of 30 days per policy year|
|Loan protector||Coverage for monthly loan instalments for a specific period|
|Adaptation allowance (for modification of house or vehicle following an accident)||10% of the sum insured amount subject to a maximum of Rs.50,000|
|Family transportation allowance||10% of the sum insured amount subject to a maximum of Rs.50,000|
|Coverage for broken bones||Up to 100% of the sum insured amount based on the severity of the injury|
|Road ambulance cover||Actual expenses up to a specified limit|
|Air ambulance cover||Actual expenses covered for life-threatening emergencies|
|Adventure sports benefit||Coverage against death or disability resulting from participation in adventure sports|
|Chauffeur plan benefit||Daily amount (max. 30 day) for hiring a taxi or chauffeur following an accident|
Some of the notable exclusions of Future Generali Personal Accident Policy can be listed as follows:
In case of an unfortunate accident that may result in a claim, the insured or his/her family member must notify the company with 15 days of the event. The insured must provide various documents in order to proceed with the claim settlement. Some of these documents include the following:
Once the documents are submitted, the company will proceed with the settlement process. The claim will be validated by the company and the submitted documents will be verified. Acceptance or rejection of the claim will be communicated to the insured within a maximum of 30 days from the receipt of the last document.
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