Max Bupa Health Assurance Personal Accident
Objective
A plain accidental policy that aims to provide financial relief to insured member or his family in event of accidental death or disability.
Our View
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.
Suited for
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.
Pros
This policy can be bought online. It pays a premium discount on selecting a 2-year policy term.
Cons
It does not cover accidental temporary disability.
Eligibility
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)
Maximum
25 lakh
Minimum
5 lakh
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.
Customer Service
Address
Corporate Office:
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 |
Cost Details
| Annual Premium | ||||
| Age (in years) | Sum Insured (in Rs) | |||
| 5 lakh | 10 lakh | 20 lakh | 25 lakh | |
| 1 Adult | 694 | 1382 | 2788 | 3483 |
| 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 | ||||