United India Personal Accident Policy
Objective
This is a personal accident policy that aims to provide for any physical injury or death caused by an accident.
Suited for
Anyone between 12 and 70 years of age can buy this policy. A 70 year old can also take this policy till 80 years subject to medical examination.
What does it do?
It is a simple policy covering death. The policy gives a choice to cover permanent disablement too. The benefits are classified under three tables. Table 1 is the most basic variant that covers accidental death of the insured. Table 2 covers permanent total disablement and death of insured and Table 3 covers permanent partial disablement in addition to risks covered under Table 2.
Premium rates will depend on risk involved in securing the life. Premium will be higher for those performing risky jobs. The policy will also pay education fund for continuation of deceased's children’s education and transportation charges for carrying the insured member from site of accident. Medical expenses can also be covered by paying an additional premium.
Pros
The policy offers a higher term and gives an option to cover medical expenses.
It pays education fund for deceased's children.
Annual no-claim bonus increases sum insured without charging extra premium. There is an option to cover spouse under the same policy.
Cons
There is no tax benefit.
Our View
This is a cost effective plan offering good coverage. We recommend this policy.
You should evaluate your insurance need before buying a health insurance policy. For instance, you may have a basic health policy that covers hospitalisation expenses, hence you may not need to buy additional medical expense benefit offered under this policy.
Eligibility
| Entry Age (years) | |
| Minimum | 12 |
| Maximum | 70 |
| Maximum Policy Renewal Age (years) | 80 |
| Coverage Type | Individual/ Individual and spouse |
| Sum Insured (Rs) | |
| Maximum | 1000000 |
| Minimum | 25000 |
| Policy Term (years) | 1 |
| Discount | Family discount of 10% on sum insured is applicable |
| No Claim Bonus | No claim bonus of 5% of sum insured for each claim free year upto maximum of 50% of sum insured |
| Customer Service | |
| Address | United India Insurance Co. Ltd. 24, Whites Road, Chennai - 600014 |
| Mail to | [email protected] |
| Call to | 1800 425 333 33(toll free); 91-044-28520161 |
Additions to the Plan
| Scope of Cover | |
| Cashless Facility | available at network hospitals |
| Reimbursement facility | available at non-network hospital |
| Accidental Death | covered; pays 100% of sum insured |
| Accidental permanent total diablement | covered; pays 100% of sum insured |
| Loss of two limbs/ Two eyes or one limb and one eye | covered; pays 100% of sum insured |
| Loss of one limb or one eye | covered; pays 50% of sum insured |
| Permanent partial disablement | covered; pays certain % of sum insured as per policy |
| Temporary Total Disablement | 1 % of Capital Sum Insured per week Subject to a maximum of Rs 3000 per week for a maximum period of 100 weeks |
| Education fund | pays for upto 2 dependent children as per policy terms |
| Transportation of dead body form accident site | covered as per policy details |
| Optional Benefits (require additional premium) | |
| Medical expenses | pays 25% of actual claim or 10% of sum insured |
| Exclusions and Waiting Period | |
| General exclusions | suicide attemptpregnancy related claims |
Cost Details not available on the company's website. |
