Max Bupa Health Assurance Personal Accident
A plain accidental policy that aims to provide financial relief to insured member or his family in event of accidental death or disability.
This policy is useful for those who have high exposure to risk of accidental injuries, on the job or otherwise.
What does it do?
Like other standalone personal accident policies, it pays a lump sum amount in case of accidental death of insured person. Under family plan, the death benefit varies for each insured family member subject to certain limits. Apart from death, this policy also covers permanent partial disability for up to 100 per cent of sum insured and permanent total disability for up to 125 per cent of sum insured. Child education benefit for continuing education of deceased's children is an added advantage. If the insurer accepts claim under accidental death, it also makes a one time payment towards funeral expenses.
This policy can be bought online. It pays a premium discount on selecting a 2-year policy term.
It does not cover accidental temporary disability.
USP is that it offers a lifelong policy renewal. However, if you are not comfortable with high premiums, go for accidental policies from other insurers who cover you till 70 or 80 years of age at lesser premiums.
|Entry Age (years)|
|Minimum||18; 5 years for children|
|Maximum||65; 21 years for children|
|Maximum Policy Renewal Age (years)||Life long renewal|
|Coverage Type||Individual / Family|
|Sum Insured (Rs)|
|Policy Term (years)||1/ 2|
|Discount||Discount on selecting 2 years policy term|
|No Claim Bonus||5% for each claim free years upto maximum of 25% of the sum insured|
|Free look Period||15 days|
|Grace Period for Policy Renewal||30 days|
|Policy Termination||Either of the insurer or ipolicyholder may cancel this policy by giving a 30 days notice period.|
Max Bupa Health Insurance Company Limited,
2nd Floor, Salcon Ras Vilas
D-1, District Centre, Saket,
New Delhi 110017
|Call to||1800 3010 3333 (toll free)|
Additions to the Plan
|Scope Of Cover|
|Accidental death||covered for upto 100% of sum insured|
|Permanent Partial Disability||covered for 25% upto 100% of sum insured depending on the degree of disability|
|Permanent Total Disability||covered for upto 125% of sum insured;|
|Child Education Benefit(for family plan where children are covered)||pays lower of 5% of sum insured or Rs 50000 in case of accidental death or Permanent Total Disability|
|Funeral expenses||pays Rs 5000|
|Exclusions and Waiting Period|
|Pre-existing diseases||not covered|
|Age (in years)||Sum Insured (in Rs)|
|5 lakh||10 lakh||20 lakh||25 lakh|
|1 Adult + 1 Child||1120||2240||4694||5864|
|1 Adult + 2 Child||1120||2240||4694||5864|
|2 Adult + 1 Child||1120||2240||4694||5864|
|2 Adult + 2 Child||1120||2240||4694||5864|
|Premiums are exclusive of service tax and cess|