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Nagarik Suraksha Policy is a health insurance policy that provides reimbursement of hospitalisation expenses arising from an accident. It also offers cover for accidents that might lead to death, loss of limbs or permanent partial/total disablement.
The policyholder is required to keep certain age limits in mind while deciding whether to purchase the Nagarik Suraksha Policy or not.
|Minimum age at entry||
|Maximum age at entry||70 years|
The total sum of money from which hospital expenses and accident cover can be claimed is referred to as the sum insured.
|Minimum Sum Assured||Rs.1 lakh|
|Maximum Sum Assured||Rs.5 lakh|
The periodic instalment of money that is paid to the insurer by the insured is called the premium. The premium is generally decided by the insurer based on the sum insured and policy term chosen by the policyholder.
|Minimum term of the policy||1 year|
|Maximum term of the policy||4 years|
*Premiums vary based on age, location, plan term, and other factors.
|Free-look period||A 15-day free-look period is offered to the policyholder to review the policy. If he/she is unsatisfied with the policy, he/she may return the policy. On return, the company is liable to refund the premiums paid unless any claims were made. This is applicable only for individual policies.|
|Cumulative Bonus||Each claim-free year will reward the policyholder with a 5% increase in the compensation payable as reimbursement of hospital expenses.|
|Funeral Expenses||2% of the sum insured or Rs.2,500, whichever is lesser, can be reimbursed for carriage of dead body and/or funeral expenses.|
|Education Fund||On the death of the policyholder, the dependent children will be provided with an education fund along with the sum insured. The amount is generally equal to 10% of the sum insured. In the case of one dependent child, the maximum amount offered is Rs.5,000 and in the case or more than one dependent child, the maximum amount offered is Rs.10,000.|
|Loss of employment||In the event that the policyholder suffers a disablement due to which he/she can no longer be employed, the insurer will provide an additional 1% of the sum insured along with the total sum insured. This is applicable only to individual policyholders.|
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