National India Assurance Personal Accident Policy
The New India Assurance Co. Ltd. is a Government owned multinational general insurance company. The company operates in 27 countries and is considered to be the largest insurance company on the basis of the premiums collected, net worth and profit recorded in 2014-2015. New India Assurance has also collaborated with banks to increase its distribution network.
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E-mail Id.: customersupport@tata-aig.com
National India Assurance 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 - National India Assurance Personal Accident Policy
Accidental Death - In event of an accident, if the insured dies then 100% of the sum insured will be payable.
Carriage of Dead Body: The policy also covers expenses incurred for carriage of dead body from place of accident to the residence
Educational Grant: In the event of the death or permanent total disablement (PTD) of the Insured Person due to an accident as defined in the Policy, the Company shall pay educational grant for the dependent Children
Cumulative Bonus: The capital sum insured is increased by 5% every year on claim free renewals subject to a maximum of 50%. This cumulative bonus is available only under tables A, B & C.
Eligibility Criteria - National India Assurance Personal Accident Policy
| Category | Details | |||||||
|---|---|---|---|---|---|---|---|---|
| Age Group | Min Entry Age: 5 Years Max Entry Age: 70 Years | |||||||
| Renewal Age | Life Long Renewal | |||||||
| Sum Insured | Restricted to 72 months income from gainful employment | |||||||
| Policy Tenure | 1 Year | |||||||
| Family Definition | Individual & family - Self, (Non Earning Spouse 50% of SI), (Earning Spouse - Max 1 Lac) & (Dependent Children - 25% of Sum Insured) | |||||||
Product Benefits - National India Assurance Personal Accident Policy
| Benefits | Compensation Paid | ||||||
|---|---|---|---|---|---|---|---|
| Table A | Death cover | 100% of the Sum Insured | |||||
| Loss of two limbs / both eyes / one limb and one eye | 100% of the Sum Insured | ||||||
| Loss of one limb or one eye | 50% of the Sum Insured | ||||||
| Permanent Partial Disablement | As per the limits specified in the table | ||||||
| Temporary Total Disablement | 1% of Sum Insured; maximum Rs. 3000 per week, upto 100 weeks | ||||||
| Table B | Death Benefit | 100% of the Sum Insured | |||||
| Loss of two limbs / both eyes / one limb and one eye | 100% of the Sum Insured | ||||||
| Loss of one limb or one eye | 50% of the Sum Insured | ||||||
| Permanent Partial Disablement | As per the limits specified in the table | ||||||
| Table C | Death Benefit | 100% of the Sum Insured | |||||
| Loss of two limbs / both eyes / one limb and one eye | 100% of the Sum Insured | ||||||
| Loss of one limb or one eye | 50% of the Sum Insured | ||||||
| Permanent Total Disablement other than above | 100% of the Sum Insured | ||||||
| Table D | Death Benefit | 100% of the Sum Insured | |||||
| Carriage of Dead Body | 2% of the Capital Sum Insured or Rs. 2500, whichever is less | ||||||
| Education Grant | For 1 dependent children - 10% of SI; maximum Rs. 5000 For more than 1 dependent children - 10% of SI; maximum Rs. 10000 (Max 2 Children) |
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| Cumulative Bonus | The capital sum insured is increased by 5% every year on claim free renewals subject to a maximum of 50%. This cumulative bonus is available only under tables A, B & C. | ||||||
Add-ons - National India Assurance Personal Accident Policy
| Add-ons | Details | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Medical Expenses | Medical expenses incurred in the treatment of an accident covered under the policy, subject to a limit of 10% of the sum insured or 40% of the death / disability compensation claim payable, on payment of additional premium. | ||||||||||||||
Additional Discounts - National India Assurance Personal Accident Policy
| Discounts | Details | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Family Package | Family Package cover is available to Individuals under Personal Accident Policy whereby the proposer, spouse and dependent children can be covered under a single policy with a 10% discount in premium. | ||||||||||
Exclusion - National India Assurance Personal Accident Policy
Payment of compensation in respect of Death, Injury or Disablement of the Insured:
- From intentional self-injury, suicide
- Whilst under the influence of intoxicating liquor or drugs
- Whilst engaging in Aviation or Ballooning whilst mounting into, dismounting from or traveling in any balloon or aircraft other than as a passenger (fare paying or otherwise) in any duly licensed standard type of aircraft anywhere in the world,
- directly or indirectly
- Caused by venereal disease/s, AIDS or insanity
- Arising or resulting from the insured committing any breach of law with criminal intent.
- Pregnancy Exclusion Clause - The Insurance under this Policy shall not extend to cover death or disablement resulting directly or indirectly caused by, contributed to or aggravated or prolonged by child-birth or from pregnancy or in consequence thereof.
Claim Process - National India Assurance 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
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