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Tata AIG Secured Income Plan

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Tata AIG Secured Income Plan

 

Tata AIG Secured Income Plan is a personal accident policy which pays a percentage of the principal sum if an injury results in paralysis, disability, dismemberment or death. Policyholder can choose to take guaranteed cover with monthly income benefits ranging from Rs 10000 to Rs 35000, for a period of 5 years to 20 years.

  

 

Key Features of Tata AIG Secured Income Plan

 

  • No underwriting required and the company offers guaranteed acceptance
  • Worldwide coverage provided
  • Benefits are paid even if you get reimbursements or benefits from any other mediclaim plan                
  • A certain amount of cash is paid immediately in case of accidental death
  • Monthly benefit ranging from Rs 15,000 – 30,000 is paid out for a period of 60 months

 

 

Variants in Tata AIG Secured Income Policy

 

There are three variants available in Tata AIG Secured Income Policy. They are -

  1. Level 1
  2. Level 2
  3. Level 3

 

 

What is covered in Tata AIG Secured Income Policy?

 

  • Death caused due to an accident
  • Dismemberment which covers policyholder against loss of any bodily appendage like loss of limbs, fingers, speech, sight etc
  • Paralysis
  • Injury resulting in loss of
    • Both hands and both feet or sight of both eyes
    • One hand and one foot
    • Either hand or foot and sight of one eye
    • Hearing of both ears
    • Speech
    • Either hand or foot
    • Sight of one eye
  • Permanent and total loss of use resulting in:
    • Quadriplegia
    • Paraplegia
  • Benefit per day in case of hospitalization due to an accident

 

 

Additional Benefits of Tata AIG Secured Income Policy

 

In case of hospitalisation due to accident, Rs 1000 to Rs 2000 is paid as a daily benefit for 5 days

 

 

Eligibility and Restrictions of Tata AIG Secured Income Plan

 

 

 

Minimum

Maximum

Coverage Amount (per month in Rs.)

10,00,000

20,00,000

Entry Age (in years)

18

64

 

 

Exclusions - What is not covered in Tata AIG Secured Income Plan?

 

  • Persons serving in military service or armed forces.
  • HIV, AIDS and related diseases
  • Medical accidents
  • Bacterial infections and diseases
  • Participation in dangerous sports like bungee jumping, scuba diving etc
  • War or invasion
  • Abuse of drugs, alcohol, hallucinogens, intoxicant
  • Exposure to nuclear, radiation or radioactive contamination
  • Diseases arising at birth (congenital diseases)
  • Pregnancy related
  • Pre-existing conditions
  • Participation in illegal or criminal activities
  • Suicide or self-inflicted injuries

 

 

 

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