Liberty Group Personal Accident Policy

• Enjoy options to cover yourself, your spouse, kids and even your parents
• Enjoy access to 10,000+ hospitals for cashless treatment
• Reduce your taxable income by up to Rs. 50,000 deduction under section 80D**

Liberty Group Personal Accident Policy is a personal accident cover that provides coverage for a group under a single policy. Group policies are typically taken by employers to provide coverage for their employees. Here, the sum insured chosen by the employer will be applicable to all employees in the company. The premium charges are determined based on the number of employees enrolled in this policy. Though the policy is issued in a single document, it is necessary to provide the names of all beneficiaries during the enrolment process.

Eligibility for Liberty Group Personal Accident Policy

The eligibility criteria set forth by the company for enrolling in this policy can be given as follows:

• This cover is available only for Indian citizens.
• Beneficiaries between the age of 5 years and 75 years can be enrolled in this policy.
• This policy is renewable for life once entered.

Features of Liberty Group Personal Accident Policy

Some of the notable features of Liberty Group Personal Accident Policy can be given as follows:

• This policy provides benefits against the death or disability of the primary insured.
• The sum insured amount chosen at the time of enrolment can be enhanced at the time of renewal subject to approval from the company.
• There is a 25% discount if the coverage is chose only for on-duty protection.
• If India only protection is chosen, policyholders can get a 10% discount on the base premium charge for the policy.
• Group discounts are available based on the number of members enrolled in this policy. It is possible to get discounts up to 30% (for enrolling more than 50,000 individuals) under this group policy cover.
• Discounts can also be obtained based on the claims incurred by beneficiaries during a policy year. A maximum discount of 25% can be obtained if the incurred claim ratio is less than 20%.
• If the incurred claim ratio exceeds 71%, an appropriate loading is applicable over the base premium charges.
• There is a grace period of 30 days from the date of expiry of this cover to renew this policy.

Benefits of Liberty Group Personal Accident Policy

The range of benefits available under this personal accident insurance policy can be given as follows:

Exclusions of Liberty Group Personal Accident Policy

The company is not liable to provide any compensation for the following list of exclusions:

• Any pre-existing illness, injuries, or disability
• Death or disability resulting from childbirth, pregnancy, or related complications
• Claims attributable to intentional self-injury, suicide, or attempted suicide
• Death or disability sustained while under the influence of alcohol or drugs
• Claims arising out of participation in adventure sports and hazardous activities
• Any claims attributable to sexually transmitted diseases and venereal diseases
• Claims arising out of participation in criminal activities
• Claims arising out of war or warlike activities
• Death or disability arising out of exposure to nuclear materials or radiation

Claim Procedure

In case of a loss that may result in a claim, the insured must notify the company immediately. In any case, the intimation should not be later than 30 day after the event. The company can be notified by contacting its customer service department. All documents related to the claim must be submitted within 30 days from the date of the accident. The following documents may be requested from the company in order to process a claim:

• Duly filled claim form
• Police FIR
• Death or disability certificate
• Post mortem report (if applicable)
• Diagnostic reports
• Discharge summary
• Physician certificate
• Any other document requested by the company

Once these documents are submitted to the company, the claim proceedings will begin. The company will verify the validity of the claim and provide its response to the insured. In case of rejection, the reason for rejection will be communicated to the insured person. If the claim is accepted, the settlement amount will be provided to the insured within a reasonable time.