Royal Sundaram - Individual Personal Accident Plan
Royal Sundaram Alliance Insurance is collaboration between Sundaram Finance, a non-banking financial institution from India and Royal & Sun Alliance Insurance plc, one of the oldest General Insurer from UK. The company won the "Celent Model Insurer Asia Award" in 2013 and 2014 for innovative claims management system. Royal Sundaram offers a wide range of general insurance products in fire, marine, engineering, liability and business interruption risks.
Toll Free line: 1860-425-0000
E-mail: customer.services@royalsundaram.in
Royal Sundaram Individual Personal Accident
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 - Royal Sundaram Individual Personal Accident Plan
Recovery Benefit: In the event of Accidental Injury, which result in confinement to a hospital for a consecutive period of more than 25 days, a compensation will be paid.
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
Accident Hospitalisation: Hospitalization expenses due to Accident resulting in claim for Death / Disablement* (*Applicable only for Sum Insured Rs.20 lacs and above)
Carriage of Dead Body: In the unfortunate event of accidental death, we will pay the nominee a sum of up to Rs. 5000 towards transportation of the mortal remains to residence.
Cumulative Bonus : In the event, if there is no claim, the sum insured will be increased by 5%, subject to a max of 25% of the capital sum insured or Rs. 25 Lakhs, whichever is lower.
Eligibility Criteria - Royal Sundaram Individual Personal Accident Plan
| Category | Details | |||||||
|---|---|---|---|---|---|---|---|---|
| Age Group | Min Entry Age: 5 Years Max Entry Age: 65 Years Min Entry Age: 5 Years Max Entry Age: 21 Years (Dependent children) |
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| Renewal Age | Life Long Renewal | |||||||
| Sum Insured | Rs. 5 Lacs to Rs. 75 Lacs | |||||||
| Policy Tenure | 1 Year | |||||||
| Family Defination | Individual & Family - Self, Spouse and children The maximum Sum Insured for Spouse is restricted to Rs.25 lacs and for children restricted to Rs.10 lacs for Sum Insured plans Rs.50 & Rs.75 lacs.TTD applicable for earning member only. |
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Product Benefits - Royal Sundaram Individual Personal Accident Plan
| Benefits | Description | |||||||
|---|---|---|---|---|---|---|---|---|
| Accidental Death | 100% of Sum Insured | |||||||
| Permanent Total Disability | 100% AD Sum Insured | |||||||
| Permanent Partial Disability | As per the limits specified in the table | |||||||
| Temporary Total Disablement | 1% of SI; maximum Rs. 3000 per week for 104 week | |||||||
| Carriage of Dead Body | 2% of SI or Rs. 5000 whichever is low | |||||||
| Educational Grant | For 1 Child (Upto 25yrs) - 10% of SI; maximum Rs. 5000 More than 1 Children (Upto 25yrs) - 10% of SI; maximum Rs. 10,000 |
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| Recovery Benefit | Confinement at the hospital due to accident for more then 25 days: 5% of the Sum Insured; subject to a maximum Rs. 50,000/- or the sum stated under the section. | |||||||
| Cumulative Bonus | In the event of no claim the sum insured will be increased by 5%, subject to a max of 25% of the capital sum insured or Rs. 25 Lakhs, whichever is lower. | |||||||
Add-ons - Royal Sundaram Individual Personal Accident Plan
| Add-ons | Details | |||||
|---|---|---|---|---|---|---|
| Cover for Accidental Hospitalization | Hospitalization expenses due to Accident resulting in claim for Death / Disablement* (*Applicable only for Sum Insured Rs.20 lacs and above) Coverage - 10% of the Capital Sum Insured |
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Additional Discounts - Royal Sundaram Individual Personal Accident Plan
| Discounts | Details | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Family Discount | 10 % Family Discount will be available if more than 3 or more family members | ||||||||||
Exclusion - Royal Sundaram Individual Personal Accident Plan
The following type of accidents are generally not covered:
- From intentional self-injury, suicide or attempted suicide
- Whilst under the influence of intoxicating liquor or drugs
- Whilst engaging in sporting activities. For e.g. aviation or ballooning
- Directly or indirectly caused by venereal disease or insanity
- Childbirth or pregnancy related
- War, invasion, act of foreign enemy, hostilities, civil war, etc.
Claim Process - Royal Sundaram Individual Personal Accident Plan
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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