The Janata Personal Accident Policy from National Insurance is a health insurance policy that covers the policyholder from any injuries resulting from external violent accidents. It allows the insured to claim the sum insured in case he/she suffers an injury or disability, directly or indirectly, due to an accident. The injury will be covered if the disability is suffered within 12 months of occurrence of the accident. Group discounts are available for group policies. The policy term can go up to 5 years.
The insurer specifies certain age restrictions for purchasing the policy.
|Minimum age at entry||10 years|
|Maximum age at entry||70 years|
Sum insured is the total amount the policyholder can claim from the insurer when medical attention is required.
|Minimum sum insured||Rs.25,000|
|Maximum sum insured||Rs.1 lakh|
Premium is the nominal payment made by the policyholder towards the sum insured.
|Premium for Rs.25,000||Rs.15|
|Free-look period||The policyholder has a 15-day free-look period during which he/she can ascertain if the policy is suitable for him/her. If the policy is found unsatisfactory, he/she can return the policy and the premiums paid will be refunded, unless the insurer has incurred expenses towards any medical examinations or stamp charges. If a claim has been made during the free-look period and the policy is returned post the claim, the claim amount will be deducted from the refund amount.|
|Grace period||A grace period of 30 days, starting from the premium due date, allows the policyholder to make the payment or renew the policy without the loss of benefits. No coverage will be available in case no premium is paid.|
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