Royal Sundaram Saral Suraksha Bima Plan Summary
Accident is an unfortunate, unintentional and unpredictable event occurring in the life of an individual which harms the person physically. In order to protect themselves from such an event, Royal Sundaram Saral Suraksha Bima Personal Accident Insurance policy has come up with this plan with various benefits. Saral Suraksha Bima Personal Accident Insurance policy, one of the
best personal accident insurance plan of Royal Sundaram that covers the following benefits which are mentioned in the benefit section.
| Plan name |
Manipal Cigna Lifestyle Protection - Accident Care |
| Policy type |
Personal Accident Insurance |
| UIN |
RSAPAIP21632V01202 |
Key Features of Royal Sundaram Saral Suraksha Bima Policy
- Payout of 100% of sum insured in case of Accidental Death
- Payout of 100% of sum insured in case of Permanent Total Disablement
- Maximum payout of 50% of sum insured in case of Permanent Partial Disablement
- Sum insured available from Rs. 2.5 lakhs to Rs. 5 Cr
Eligibility Criteria in Royal Sundaram Saral Suraksha Bima Policy
| Entry age |
Minimum - 18 years
Maximum - 70 years |
| Coverage of dependent children |
3 months - 25 years |
| Tenure |
1 year only |
Benefits in Royal Sundaram Saral Suraksha Bima Policy
Accidental death: In case of Accidental Death of the insured, 100% of sum insured will be provided to the nominee as ‘Death Benefit’.
Permanent Total Disablement: If an insured is suffering from Permanent Total Disablement due to an accident then that person is entitled to receive 100% of the sum insured as payout. What constitutes Permanent Total Disability in this plan -
Know more.
Permanent Partial Disablement: If the insured is suffering from Permanent Partial Disablement then the payout completely depends on the severity of the disability. Know more about the payout depending on the severity levels as mentioned
here.
Optional Covers:
Temporary Total Disablement: Weekly Compensation shall be provided in case of Temporary Total Disablement. Payout of 0.2% of sum insured will be provided for a maximum period of 100 weeks.
Hospitalization Expenses due to Accident: In this feature the company shall pay the medical expenses incurred because of hospitalization arising due to an accident during the policy period. The payout provided in this feature shall be up to a limit of 10% of base sum insured which is specified in the policy schedule.
Conditions included in this feature are as follows:
Room, Boarding, Nursing Expenses as provided by the Hospital / Nursing Home, Surgeon, Anesthetist, Medical Practitioner, Consultants, Specialist Fees whether paid
directly to the treating doctor / surgeon or to the hospital.
Anesthesia, blood, oxygen, operation theater charges, surgical appliances, medicines
and drugs, costs towards diagnostics, diagnostic imaging modalities, and such other
similar expenses.
Ambulance Charges: This feature includes expenses incurred for transporting the insured in an ambulance. Maximum payout for this feature is Rs. 2,000.
Education Grant: This feature is applicable in case of insured’s Accidental Death and Permanent Total Disablement. The company will provide a one time payout which will be 10% of base sum insured, per dependent child/children. The child/children should be pursuing an educational course as a full time student. Age of the child/children shall not be more than 25 completed years.
Cumulative bonus: Minimum 5% and maximum of 50% of sum insured shall be added to the coverage amount in a claim free year. For detailed information about cumulative bonus you have to Click here.
Exclusions in Royal Sundaram Saral Suraksha Bima Personal Accident Insurance Policy
- Mainly includes intentional self-injury, suicide or attempted suicide
- If someone is under the influence of intoxicating liquor or drugs
- If someone is engaging in sporting activities (aviation or ballooning, for example)
- Directly or indirectly caused by venereal disease or insanity
- In the case of Childbirth or pregnancy related
- War, invasion, act of foreign enemy, hostilities, civil war and other such events
Conclusion:
Adverse situations arising from an accident are likely to occur in today’s time, in such an event one needs to be financially stable with an accidental insurance . Secure yourself and family by buying an Saral Suraksha Bima Personal Accident Insurance Policy of Royal Sundaram from any misfortune because of an accident.
You can also
compare health insurance policy at MyInsuranceClub. Our trained and certified team will help you get the right one for your family.
