Name: Personal Accident Insurance Plan at Rs.2/Day | Royal Sundaram
Brand: Royal Sundaram
Rating: 4.82 (12 reviews)

About Personal Accident Insurance

About Individual Personal Accident Policy(Accidental Death & Disablement only)

Our Accident Insurance offers global cover of up to Rs.75 Lakhs, protecting families from financial instability in case of disability or death of loved one due to accident.

Global cover upto Rs. 75 Lakhs

Global cover upto Rs.75 Lakhs, protecting families from financial instability incase of disability or death of loved one due to accident.

Discount of upto 10%

Discount of upto 10% on insuring 3 or more family members

Disablement Coverage for every claim free year

Death & Disability coverage will be increased by 5%, upto a maximum of 25%, for every claim free year.

In a claim free-year, if the Policy is renewed without any breaks, the benefit under Death and Permanent Total Disablement coverage will be increased by 5%, upto a maximum of 25%.

Who can be Covered?

Persons between the age group of 5 - 65 years can be covered under this policy.

Coverage of Self is mandatory.

Coverage is available for self, spouse and dependent children.

Personal Accident Key Benifits

Key Benefits

Royal Sundaram’s Individual Personal Accident Policy (Accidental Death & Disablement only) offers global Personal Accident cover and value-added services.

Instant Accident policy without Medical Test

Instant Policy, No Medical Test.

24X7, worldwide cover.

Offer upto Rs. 10 Lakhs cover without income proof.

Renew Accident policy anytime with InstaRenew

Renew policy anytime, anywhere with InstaRenew.

Dedicated Customer Services Helpline-1860 425 0000.

Facility to chat online information.

Policy cover available for 1 year.

Instant coverage, within 5 minutes.

Single policy to cover entire family.

Personal Accident Terms and Condition

Policy Terms and Conditions

We request you to carefully read and understand the Terms and Conditions, before you buy the Policy. All claims are processed strictly according to it. Please speak or chat with our Customer Support Team, if you need any clarifications.

Policy
Wordings

CIS Terms
and Conditions

Personal Accident Coverages

Coverages

Claim Settlement under Accident Insurance

Accidental Death

In the unfortunate event of death of the insured person, the entire Sum Insured will be paid to the Insured person's nominee.

Permanent Total Disablement

In the unfortunate event of permanent total disability of the insured person, the entire Sum Insured will be paid to the Insured person.

Permanent Partial Disablement

In the unfortunate event of permanent partial disability of the insured person, a certain percentage of the Sum Insured will be paid to the Insured person.

Temporary Total Disablement

Weekly Benefit for accidents resulting in home confinement upto 104 weeks

Personal Accident Claims

Claims

Procedure to make a Personal Accident Insurance Claim.

If you need to make a claim under Personal Accident Insurance, here's a step-by-step guide:

1. Request a Claim Form

To request for a claim form, call us at 1860 425 0000. You can also send an email to customer.services@royalsundaram.in at the earliest, and not later than 30 days after the accident. Please quote the Policy Number for our reference. We will mail you the Claim Form within 2 working days or you can download the claim form from our website.
You can also notify your claim online. Once you notify the claim our claims team will contact you to explain the procedure.

2. Submitting the claim Form

Please ensure that the documents are provided in English, or provide us with an English translation of the same. If required, we may appoint a Service Provider to verify the documents for a more efficient claim process.

You can mail the Claim Form and requisite documents to -

Royal Sundaram General Insurance Co. Limited

Accident & Health Claims Department

Vishranthi Melaram Towers

No.2/319 , Rajiv Gandhi Salai(OMR)

Karapakkam,Chennai - 600097

Personal Accident FAQ

FAQs

Questions about Individual Personal Accident Policy (Accidental Death & Disablement only)? Get your answers here.

What is Individual Personal Accident Policy (Accidental Death & Disablement only)?

An insurance policy which, in return for regular premiums, pays a specific sum in the event of death, loss of sight or limbs or other permanent disablement due to an accident. This policy is not an indemnity policy, but a benefit policy. This implies that the promised sum insured will be paid in full in the event of the occurrence of the peril.

How is accident defined?

Accident means any sudden, unintended and fortuitous external and visible event, which might cause bodily injury or which leads to a physical disability or death.

Why do I need an accident policy?

Accidents don’t come scheduled. They happen anytime and anywhere. The personal accident policy cover a number of eventualities, including train and road accidents, plane crashes, and even a slip in the bathroom. In the event of happening the policy compensates to meet the expenses incurred during this period subject to maximum of sum insured.

What is the basis of determining the sum insured?

Occupation nature, income level and age are the main factors which play a vital role in determining the sum insured. The sum insured offered is generally the certain times of the annual income.

I have a health policy. Do I still need an accident policy?

Yes definitely, A personal accident insurance policy is an insurance contract that covers risk arising from accidents be it at home, or outside. An accident insurance policy compensates you with a lumpsum amount at the time of need to provide financial support during crisis arisen due to death/disablement of the insured.

My spouse is a housewife .Can she be covered under personal accident policy?

Accidents can happen anywhere and at home too, hence she is eligible for cover of 50% of sum insured opted by the proposer.

Do I need to buy individual policy for each of my family member or will one policy cover my entire family?

Family Package cover is available to Individuals under Personal Accident Policy whereby the proposer, spouse and dependent children can be covered under a single policy.

Is there any additional benefits from this policy?

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. This personal accident insurance policy would compensate the insured person for loss of income in case of temporary or permanent disablement either of partial or total damage. The sum insured will increase by 5% every year and not exceed beyond 25% at the time of renewal for every claim free year.

Can I insure a child age below 18 years in the policy, what is the SI limit?

Yes, Children are eligible for cover of 25% of Sum Insured opted by the proposer to a maximum Sum Insured of 25 lakhs.

Who determines the percentage of compensation in case of partial loss?

The amount of compensation for a partial loss depends on the extent of loss and it is clearly specified under the policy terms and conditions.

Is there any additional benefits provided by the policy?

An Educational Grant of Rs 10000 under the entire policy period is paid in case of death or permanent disablement either of the covered parents. In the event of death of the insured due to an accident outside the residence, the insurance company will bear for the transportation of the mortal remains upto Rs 5000

Is there any income tax benefit for premium paid under Personal Accident insurance?

There is NO income tax benefit available against premium paid for Personal Accident insurance.

Can I cover my children and parents under personal accident policy?

Yes, Children are eligible for cover of 25% of Sum Insured opted by the proposer to a maximum Sum Insured of 25 lakhs & Parents cannot be covered under the policy.

Are first year vaccinations covered in Lifeline for children?

First year vaccinations for New Born Baby is covered if claim for maternity benefit (covered only under Elite Plan) is payable.

Is there any specific type of accidents which are excluded from purview of cover?

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 (aviation or ballooning for example)
Directly or indirectly caused by venereal disease or insanity
Childbirth or pregnancy related
War, invasion, act of foreign enemy, hostilities, civil war and many more

Personal Accident Tips

Tips

Tips for Individual Personal Accident Policy (Accidental Death & Disablement only).

5 Covers that a Personal Accident policy offers

The financial risk associated with life is best covered by a term plan, while a health insurance policy offers a perfect cushion against any unexpexted hospitalization expenses. At times, however accidents can be so severe that you might actually end up depleting all the health isurance covers.

Why is accident insurance as important as life insurance?

Supplementing your life insurance plan with an accident insurance plan will prove helpful.

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