Liberty Videcon - Individual Personal Accident Policy

Liberty Videocon General Insurance

Liberty Videocon General Insurance is a collaboration between Liberty Mutual Insurance Group, a leading global property and casualty group based in Boston and India based Videocon Industries. Liberty Videocon offers products like personal accident, health and international travel policies. The company mission is to build a customer-centric business to cater to the specific needs of individual and corporate customers.

Contact Details

Toll-Free No.: 1800-266-5844 / 022-6700 1313
E-mail Id.: care@libertyvideocon.com

Product Overview -
Liberty Videcon Individual Personal Accident Policy

This policy offers compensation in case of death or bodily injury to the insured person, directly and solely as a result of an accident, by external, visible and violent means.

Unique Features - Liberty Videcon Individual Personal Accident Policy

Child Education Benefit / Life Support Benefit / Double Indemnity.

Cost of Transporting Mortal Remains / Family Transportation Benefit

Cost of Performance of Funeral Ceremony / Outstanding Bills Protection Benefit

Accidental Hospitalisation Expenses / Broken Bone / Legal Bail Expenses

Accidental Hospital Daily Cash / Loan Protector / Ambulance Hiring Charges

Child Education Support Benefit / Modification of Vehicle / Residence

Eligibility Criteria - Liberty Videcon Individual Personal Accident Policy

CategoryDetails
Age Group Min Entry Age: 18 Years (5 Years for Children)
Max Entry Age: 70 Years
Renewal Age Life Long Renewal
Sum Insured  
Policy Tenure 1 Year, 2 Years and 3 Years
Family Definition Individual & Family

Product Benefits - Liberty Videcon Individual Personal Accident Policy

BenefitsDescription
Accidental Death 100% of Sum Insured
Permanent Total Disability As per the limits specified in the table
Permanent Partial Disability As per the limits specified in the table
Temporary Total disablement As per the limits specified in the table
Child Education Benefit  Up to 2 dependent children - Rs. 10,000
Cost of Transporting Mortal Remains Max. upto Rs. 10,000
Cost of Performance of Funeral Ceremony  Max. upto Rs. 10,000
Cumulative Bonus In case there is no claim then 5% addition to the sum insured and Max. up to 50%

Add-ons - Liberty Videcon Individual Personal Accident Policy

Add-onsDetails
• Accidental Hospitalisation Expenses If the Insured Person suffers an Accident during the Policy Period requiring medical treatment immediately following the accident, we will indemnify reasonable medical expenses incurred at the Hospital / Nursing Home
• Accidental Hospital Daily Cash If the Insured/Insured Person suffers an Accident during the Policy Period requiring immediate hospitalization, We as Insurer will make payment of a daily allowance for the number of days the Insured Person is hospitalized for treatment
• Child Education Support Benefit If the Insured/Insured Person suffers an Accident during the Policy Period for which a valid claim has been admitted under the Accident Benefit(s) for Accidental Death or Permanent Total Disability, We as Insurer will make payment towards tuition fees of the Insured/Insured Person(s)’ dependent child /children to the extent of the Sum Insured as mentioned in the schedule
• Life Support Benefit If the Insured/Insured Person suffers an Accident during the Policy Period for which a valid claim has been admitted under the Accident Benefit(s) for Permanent Total Disability, We as Insurer will make payment towards Insured/Insured Person(s) life support
• Loan Protector Following an accidental injury to the Insured/ Insured Person, which results in Death or Permanent Total Disability, We will pay the Equated Monthly Installment (EMI) of the loan obtained through a Financial Institution or the Sum as specified in the schedule to the Policy
• Broken Bone If the Insured/Insured Person sustains an Injury which results in fracture of bones/dislocation of joints in one of the ways detailed in the table below and certified so by a Medical Practitioner, then we will pay the percentage of the Sum Insured as shown in the table below
• Modification of Vehicle/Residence If it is required to modify the Insured/ Insured Persons vehicle or make material alteration to his/her house where he/ she resides as necessitated by a Permanent Total Disability which resulted from an Accident covered under this Policy, We as Insurer, shall reimburse such reasonable expenses up to the limit as specified in the Policy Schedule
• Family Transport Benefit Following an accidental injury, if the Insured/ Insured Person is confined in a hospital / Nursing Home outside 100 kms of his normal place of residence, and the attending physician recommends the personal attendance of an immediate family member, we shall reimburse, subject to a valid claim being admitted under AD, PTD or PPD provided under the Policy.
• Outstanding Bills Protection Benefit Following an accidental injury which results in Death or Permanent Total Disability as defined under the Policy, if the Insured/ Insured Person has outstanding pay out to creditors like utility bills and credit card bills more specifically mentioned in the Schedule to this Policy, a valid compensation as mentioned in the schedule will be paid
• Ambulance Hiring Charges Following an Accident, if it is necessary to immediately transfer the Insured/ Insured Person to the nearest Hospital / Nursing Home by ambulance, a valid compensation as mentioned in the schedule will be paid.
• Legal Bail Expenses If the Insured/ Insured Person is involved in an accident while the policy is in force, where he/she is detained by the police/judicial authorities and if the offence for which he/she is detained is bailable, we shall reimburse towards any such bail fees subject to the maximum amount specified in the Schedule to this Policy.
• Double Indemnity We will pay an amount equivalent to the Capital Sum Insured available under Accident Benefit(s), if death or permanent total disability occurs following an accident whilst the Insured/ Insured Person is travelling as a fare paying passenger in any of the public carriers like Bus, ferry, hovercraft, ship, taxi, train, tram, underground train, commercial helicopter or aircraft.

Additional discounts - Liberty Videcon Individual Personal Accident Policy

DiscountsDetails
Loyalty bonus 5% discount if the client already has 1 policy from Insurer & 7.5% if the client already has 2 policies from Insurer
Family Discount (if 2 members covered under policy 5% discount) (3 members covered - 10% discount) (4 members covered - 15% discount)
Long Term Discount (2 years policy 8% discount) (3 years policy 15% discount)

Exclusion - Liberty Videcon Individual Personal Accident Policy

  • Death or disability resulting directly or indirectly caused by, contributed to or aggravated or prolonged by childbirth or from pregnancy excluding ectopic pregnancy.
  • Any pre-existing condition/ disability / accidental injury.
  • Any claim of the Insured Person:
    (i) from intentional self-injury, suicide or attempted suicide;
    (ii) arising out of mental or nervous disorders;
    (iii) whilst under the influence of liquor or drugs or other intoxicants;
    (iv) whilst engaging in aviation or ballooning whilst mounting into, dismounting from or travelling in any aircraft or balloon other than as a passenger (fare paying or otherwise) in any duly licensed standard type of aircraft anywhere in the world;
    (v) directly or indirectly, caused by venereal disease, AIDS or insanity;
    (vi) whilst engaging in racing, hunting, mountaineering, ice hockey, winter sports;
    (vii) driving any vehicle without a valid driving licence;
    (viii) whilst engaging as a driver, co-driver or passenger of a vehicle engaging in speed contest or racing of any kind or participating in a trail run, etc
Please refer the policy Terms & Conditions for a detailed list of exclusions.

Claim Process - Liberty Videcon Individual Personal Accident Policy

In case you would like to know about the Claim Process or would like to register a Claim please click the link below

Know Claim Process


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