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.
The eligibility criteria set forth by the company for enrolling in this policy can be given as follows:
Some of the notable features of Liberty Group Personal Accident Policy can be given as follows:
The range of benefits available under this personal accident insurance policy can be given as follows:
|Benefits||Extent of Coverage|
|Accidental death of the insured person||Lump sum payment of 100% of the sum insured amount|
|Permanent total disability of the insured person
||Lump sum payment of 100% of the sum insured amount|
|Permanent partial disability||Up to 70% of the sum insured amount based on the level of disability suffered|
|Temporary total disability||Weekly benefit for a maximum of 104 week from the date of the accident|
The company is not liable to provide any compensation for the following list of exclusions:
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:
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.
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