IFFCO Tokio Personal Accident Insurance Policy (PA)

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**

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.

Eligibility for the IFFCO Tokio Personal Accident Insurance Policy (PA)

In order to purchase the IFFCO Tokio Personal Accident Insurance Policy, policy buyers are expected to meet the eligibility criteria set by the insurer.

Individuals between the age of 5 years and 70 years can purchase this policy.
This policy can be purchased to cover the proposer himself/herself, the proposer’s spouse, and dependent children.

Features of IFFCO Tokio Personal Accident Insurance Policy (PA)

This policy can be extended to cover medical expenses that are incurred by the insured individual in connection with an injury, provided the claim is admissible as per the insurer’s terms and conditions. To avail this benefit, an extra premium will have to be paid.
Indians working abroad on civilian duties can avail the coverage provided by this policy on payment of an additional premium.
This policy comes with a free-look period of 15 days. Thus, individuals purchasing this policy can return it during the free-look period if they find the terms and conditions of this policy to be unsatisfactory.
The premium amount will have to be paid by the policy buyer before the commencement of the policy’s risk cover.

Benefits of IFFCO Tokio Personal Accident Insurance Policy (PA)

The benefits offered by the IFFCO Tokio Personal Accident Insurance Policy are listed in the table below:

Benefits	Details
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
Education fund	For one child up to 23 years of age: 10% of the sum insured, subject to a maximum of Rs.5,000 For more than one child up to 23 years of age: 10% of the sum insured, subject to a maximum of Rs.10,000
Loss of employment	Rs.15,000 or 1% of the sum insured, based on whichever is the lower amount
Cost of travel	For a person visiting the injured insured individual: Up to 2% of the sum insured, actual expenses, or Rs.10,000, based on whichever is the lowest For the insured individual if the accident has occurred outside the city or town of his/her residence: Up to 1% of the sum insured, actual expenses, or Rs.5,000, based on whichever is the lowest amount.
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%

Exclusions under the IFFCO Tokio Personal Accident Insurance Policy (PA)

Compensation for more than one benefit, as specified in the insurer’s ‘Table of Benefits’ in the policy brochure, during the same period of disability
Any additional payments after a particular claim have been admitted by the insurer
Hospitalisation due to suicide or injuries as a result of the insured individual attempting to commit suicide
Accidents/injuries caused whilst under the influence of drugs or alcohol
Injuries caused while participating in risky activities such as ballooning, aviation, etc.
Injuries during pregnancy or childbirth
Injuries or accidents caused due to insanity or venereal diseases
Injuries or accidents as a result of being infected with HIV/AIDS
Accidents caused while partaking in events with a criminal intent
Accidents or injuries caused as a result of war, hostilities, capture, civil commotion, seizure, etc.
Treatment or hospitalisation as a result of exposure to radioactivity, nuclear fission, etc.
Injuries caused while serving on duty with the armed forces

*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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