user
Karan walia

Question

Hi m Karan 22 years old . I have given the 300 hundred to the agent for a sankat mochan policy . Which is only single premium as per said by the agent . I didnt get the plan . Pls explain it with significant manner .. As he says to me it will give u upto 1 lac r/s in accidental case and in case u met with death insurance company will give u upto 2 lacs .... Pls tell me the exact pla

  • Asked By: Karan walia
  • On: 13th Dec 2011 11:56 PM
  • Answered Within: 12 Hours
expert
MIC Expert

Answer

Sankat Mochan Plan is a plan from Bajaj Allianz. Sankat Mochan policy covers Death, Permanent disability, Temporary disability, Accidental Hospital cash and Accidental hospitalization expenses.

The key Features of this plan are:

Bajaj Allianz Sankat Mochan Plan details

In this plan, 125% of the Sum Assured is paid to you if you suffer from Permanent Total Disability. Thus, if you have a Sum Assured of Rs 1 lac, then Rs 1.25 Lacs would be paid to you. This plan also pays Accidental Hospitalization Expenses as a Reimbursement of actual expenses as per policy terms & conditions.

In this plan the Total Benefits payable are:

  • In case of Accidental Death - 100% of Sum Insured is payable, i.e. Rs 1 lac
  • In case of Accidental Permanent Total Disability - 125% of Sum Insured is payable, i.e. Rs 1.25 lacs
  • In case of Accidental Permanent Total Disability - As per the table mentioned
  • In case of Temporary Total Disability - 1% of the SI or Rs5000/- per week, whichever is lesser.

  • Answered By: MIC Expert
  • On: 14th Dec 2011 12:49 PM

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