Oriental Insurance - Personal Accident Policy
Oriental Insurance is a wholly owned subsidiary of Government of India. With a wide range of insurance products, over 900 offices and large distribution network, Oriental Insurance is one of the largest and general insurance company in India. Besides India, the company also has offices in Nepal, Kuwait and Dubai.
Toll Free line: 1800-11-8485/91-11-33208485
E-mail: csd@orientalinsurance.co.in/support@orientalinsurance.co.in
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 of Oriental Insurance - Personal Accident Policy
Accidental Death - In event of an accident, if the insured dies then 100% of the sum insured will be payable.
Permanent Total: It provides for payment of compensation for bodily injury caused by accidental, violent, external and visible means resulting in Permanent Total Disablement resulting from an accident.
Loss of Employment Benefit: A lump sum compensation is paid, in the event of loss of employment following an accident resulting in loss of limbs/eyes or permanent total or partial disablement.
Medical Expenses: In the event you are hospitalised due to an accident, any medical expenses incurred shall be paid as mentioned in the grid.
Education Fund: In the event of AD or PTD, the company shall pay a lump sum compensation towards childs education.
Eligibility Criteria for Oriental Insurance - Personal Accident Policy
| Category | Details | ||||||
|---|---|---|---|---|---|---|---|
| Age Group | Min Entry Age: 5 Years Max Entry Age: 70 Years For Children Min Entry Age: 5 Years Max Entry Age: 19 Years |
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| Renewal Age | Life Long Renewal | ||||||
| Sum Insured | Rs. 1 Lac to Rs. 5 Lacs | ||||||
| Policy Tenure | 1 Year | ||||||
| Family Definition | Individual & Family Self, Parents, Spouse and Children | ||||||
Product Benefits of Oriental Insurance - Personal Accident Policy
| Benefits | Description | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Accidental Death | 100% of the 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 Disability | 1% of SI; maximum Rs. 20,000 per week, subject to max 100 weeks | ||||||||
| Compensation For Loss of Employment | 1% of SI or Rs. 15000 whichever is less | ||||||||
| Education Fund | For 1 children (Max upto 23yrs)- 10% of SI; Max Rs. 5000 More than 1 children (Max. upto 23yrs) - 10% of SI; Max Rs. 10000 |
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| Funeral Expenses & transportation of mortal remains | 2% of the capital Sum Insured or Rs. 2500/- whichever is less |
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| Loss of Employment | 1% of the capital sum insured or Rs. 15000 whichever is less |
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| Cumulative Bonus | In the event there is no claim, sum insured will be increased by 5% every year, subject to a max. of 50% of the capital sum insured. | ||||||||
Add-ons for Oriental Insurance - Personal Accident Policy
| Add-ons | Details | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Medical Expenses | 25% of valid admissible claim amount (with additional premium of 10%) 50% of valid admissible claim amount (with additional premium of 25%) |
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Additional discounts for Oriental Insurance - Personal Accident Policy
Not Available
Exclusion in Oriental Insurance - Personal Accident Policy
Accidental Bodily Injury that you meet with or arises out of:
- Payment of compensation in respect of injury as a direct consequence of:
Committing or attempting suicide, intentional self injury.
Under the influence of intoxicating liquor or drugs. - Whilst engaging in Aviation or whilst mounting into, dismounting from or traveling in any aircraft other than as a passenger (fare paying or otherwise) in any duly licensed standard type of aircraft anywhere in the world.
- Death or disablement resulting from Pregnancy or childbirth.
- Death or disablement resulting from Venereal disease or insanity.
- Contracting any illness directly or indirectly arising from or attributable to HIV and/or any HIV related illness including AIDS and/or any mutant derivative or variation of HIV or AIDS.
- Committing any breach of law of the land with criminal intent, etc.
Claim Process for Oriental Insurance - 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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