Tata AIG Accident Guard Policy

Tata AIG Accident Guard Insurance Policy is a comprehensive accident insurance plan covers bodily injuries arising from accidents and resulting into death or disability. The coverage amount under this accident policy can be taken in multiple units of Rs 5 lacs up to Rs 1 crore.

• Covers for Accidental Death and Dismemberment
• Pays for expenses incurred on child education in case of accidental death
• Sum insured increases by 5% each year up to 5 years on policy renewal
• Coverage amount available from 5 lacs to 1 crore

• Death by accident such as air crash, railway accidents, bursting of cylinder, snake bite or dog bite, burns, poisoning, drowning etc
• Dismemberment  (which is the act of cutting or removing limbs)
• Dismemberment accompanied by permanent total loss of use
• Transportation expenses of the immediate family member is reimbursed if the policyholder is hospitalized 150 kms away from home
• In case of permanent total disability an amount up to Rs 1 lakh is paid to cover the cost of modifying car or house
• Education allowance for children
• An amount up to Rs 5000 is paid for sending the remains to the policyholder’s country
• For children who are automatically insured under the policy, the dismemberment benefit amount is doubled

• Increase in sum assured by 5% on every policy renewal year for up to 5 years
• Reimbursement of medical expenses is provided on payment of additional premium

• An individual and spouse
• Children are covered from 6 months to 18 years (23 years in case of higher education)

There is no tax benefit on premium under this plan

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• Persons in the military service or operations
• Criminal acts or War
• AIDS
• Bacterial infections or diseases
• Any dangerous sports