Accidents can happen at any time to even the safest of people. In addition to causing you significant physical distress, an accident can also disrupt your life and cause you financial hassles. Thus, to ensure that your hard-earned savings are not compromised in the event of an accident, it is necessary to arm yourself with a comprehensive personal accident policy. The IFFCO Tokio Personal Accident Insurance Policy offers you coverage against the financial repercussions of an accident.
In order to purchase the IFFCO Tokio Personal Accident Insurance Policy, policy buyers are expected to meet the eligibility criteria set by the insurer.
The benefits offered by the IFFCO Tokio Personal Accident Insurance Policy are listed in the table below:
|Death||100% of the sum insured will be paid to the nominee|
|Permanent total and absolute disablement||Up to 100% of the sum insured can be paid to the policyholder *Percentage of benefit paid will vary based on the nature and severity of the disability.|
|Permanent partial disablement||Payout as assessed by the medical practitioner|
|Temporary total disablement benefit||1% of the sum insured or Rs.25,000, based on whichever is the lower amount|
|Expenses for carriage of dead body||2% of the sum insured or Rs.2,500, based on whichever is lesser|
|Damage to clothes||Rs.1,000 per person in any one accident or the actual expenses, based on whichever is lesser|
|Ambulance charges||Rs.1,000 per person or the actual expenses, based on whichever is lesser|
|Loss of employment||Rs.15,000 or 1% of the sum insured, based on whichever is the lower amount|
|Cost of travel||
|Cost of supporting items, such as artificial limbs, stretcher, wheelchair, etc.||Rs.10,000, 2% of the sum insured, or the actual expenses, based on whichever is the lowest amount|
|Cumulative bonus||During renewal of the policy, the sum insured will be increased by 5%, subject to a maximum increase of 50%|
*Note: The list of exclusions mentioned above is not exhaustive. For a full list of exclusions, make sure to check the insurer’s policy brochure.
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