What is Accidental Insurance?

Accident insurance helps you pay for medical and other out-of-pocket costs that you may incur after an accidental injury. This includes all types of accidental cases happens with the person, as well as other expenses you may face such as transportation and lodging needs.

Accident insurance plans are purchased like other types of insurance plans. Your location and the particular plan you select will determine the premium you must pay for your coverage. At the Insurance Point Office we offer a variety of accident insurance plans so that you can choose the plan that best suits you.

1. Family Security: In the event of an accident that causes death or renders you disabled; it would have a significant impact on your earning potential. An accident cover will give your family financial protection in the form of accidental compensation and ensure their financial security.
2. No medical tests required: This is another significant benefit of an accident insurance policy. Unlike the health insurance policy, where the insurance company requires you to undergo medical tests before issuing the policy, you need not take any tests.
3. Worldwide coverage: Most types of insurance covers have a geographical limitation, which means they do not offer compensation for any casualty that occurs outside India. But, with personal accident policy, there is no such limitation. You can be assured of getting the benefit irrespective of the location of the accident; you get worldwide coverage.
4. Ambulance Expenses: Most insurance companies cover the ambulance expenses to carry the injured to the hospital from the accident spot.

Benefits Of Accidental Insurance

Star Health and Allied Insurance - Benefits of Accidental Insurance

New Features:

• Introduced additional in-built benefits
• Hospital Cash – Optional benefits
• Home Convalescence – Optional benefits
• Medical Expenses Extension
• Coverage for Winter Sports
• On-line purchases – 5% discount on premium excluding tax
• If family is covered – 10% of discount on total premium

Policy Benefits:

• Table A – covers Accidental Death
• Table B – covers Accidental Death and Permanent Disablement
• Table C – covers Accidental Death, Permanent Disablement and Temporary Total Disablement (Weekly Compensation)

Additional in-built Benefits:

• Educational Grant: Maximum of Rs.10,000/- per child upto 2 children in case of Death/Permanent Total Disability of the insured person
• Ambulance Charges / Transportation Expenses of Mortal Remains: The limit of Company’s liability is Rs.5,000/- only during the policy period.
• Travel Expenses for One Relative (Applicable for Death claims only): 1% of Total Sum Insured upto Rs.50,000/- subject to actual for the transport expenses to one relative of the insured person.
• Vehicle and/or Residence Modification: 10% of Table B and Table C sum insured subject to a maximum of Rs.50,000/- towards the expenses incurred to modify the insured person’s residential accommodation or vehicle.
• Purchase of Blood: Upto 5% of the sum insured under relevant table/tables opted subject to a maximum of Rs.10,000/- towards the expenses incurred in purchasing blood through a hospital or Government approved blood bank.
• Transportation of Imported Medicines: Upto 5% of Total sum insured subject to a maximum of Rs.20,000/- towards the expenses incurred on freight charges for importing medicines.

The above-mentioned amounts are payable in addition to the sum insured.

Optional Benefits (on payment of additional premium):

• Medical Expenses Extension: Upto 25% of the valid claim or 10% of the sum insured or actual whichever is less subject to an overall limit of Rs.5,00,000/- per policy period.
• Hospital Cash: Cash benefit of Rs.1000/- for each completed day of Hospitalization (excluding date of admission and date of discharge) provided such hospitalization happens within 30 days from the date of accident.
• Home convalescence: Rs.500/- for each completed day subject to a maximum of 15 days per occurrence and 60 days per policy period towards the cost of engaging one attendant at residence immediately after discharge from the hospital, provided the same is recommended by the attending physician.

Cumulative Bonus:

• Cumulative Bonus of 5% accrues to the insured person for each completed year, subject to a maximum of 50%. Cumulative bonus will not be lost if the policy is renewed within 30 days. Cumulative bonus is not applicable on the ADDITIONAL BENEFITS OR OPTIONAL BENEFITS

Note: Wherever the word “Death / Disability” occurs it means “Death/Disability” arising out of Accidents.

Introductory Video