Universal Sompo Aapat Suraksha Bima Policy

• Premiums as low as Rs12/day for coverage of Rs.4 Lakhs*
• 10,000+ hospitals for cashless treatment
• Claim up to Rs. 55,000 deduction under section 80D**

Aapat Suraksha Bima Policy by Universal Sompo is a unique policy that combines the features of both critical illness cover and personal accident cover under a single plan. It provides lump sum benefit against any of the event that may give rise to a claim. This cover is mainly intended for the middle-class population of the country, and it comes with an affordable price. If you are looking an additional plan to supplement your health insurance cover, you can consider opting for this policy.

Eligibility for Universal Sompo Aapat Suraksha Bima Policy

The eligibility criteria outlined by the company for enrolling in Universal Sompo Aapat Suraksha Bima Policy can be listed as follows:

• The proposer of this policy must be between 18 years and 65 years of age.
• Dependent children over the age of 5 can be covered in this policy along with their parents.
• Policyholders who have entered in this cover within the entry age limit can renew it for life.

Features of Universal Sompo Aapat Suraksha Bima Policy

Some of the notable features of Universal Sompo Aapat Suraksha Bima Policy can be listed as follows:

• The range of critical illnesses covered under this policy includes: cancer, renal failure, paralytic stroke, coronary artery disease, and major organ transplant.
• This policy is available in multiple sum insured options depending upon the requirement of the customer.
• This policy cannot be bought online. People who wish to buy this policy from Universal Sompo can visit the nearest branch and check the policy details.
• There is a general waiting period of 90 days from the date of inception of this policy cover.
• A survival period of 30 days is applicable for policyholders who get diagnosed with any of the named critical illness.
• As per the IRDAI regulations, a free look period of 15 days is available for policyholders to review the terms and conditions of this policy.

Benefits of Universal Sompo Aapat Suraksha Bima Policy

The benefits available under Universal Sompo Aapat Suraksha Bima Policy can be listed as follows:

Exclusions of Universal Sompo Aapat Suraksha Bima Policy

Some of the major exclusions listed out under the Universal Sompo Aapat Suraksha Bima Policy can be listed as follows:

• Any pre-existing illness
• Self-inflicted injuries, suicide, or attempted suicide
• Injuries sustained while under the influence of alcohol or drugs
• Injuries sustained while participation in adventure sports

Claim Procedure

Following an event that may give rise to a claim, the insured must notify the company in writing. This will initiate the claim procedure. If you are not sure about the process involved in a claim, you can contact the customer service department of the company and get your doubts clarified. The claim must be filed within one calendar month of the insured’s death, disability, or diagnosis of a critical illness.

The company will seek various documents including medical reports, discharge summary, physician certificate, police FIR (for accidents), death certificate/post mortem report (if applicable), etc. Following the submission of these documents, the company will verify the validity of these documents before providing the settlement amount.