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Overview
Accidental insurance provides coverage against adversities caused by accidents.
The Union Minister of Road Transport and Highways, Nitin Gadkari, revealed that over 4.8 lakh road accidents occurred on India's roads in 2024, resulting in 1.72 lakh fatalities. Furthermore, crashes increased by 4.2%, and fatalities increased by 2.6% compared to previous years.
Given this situation, the number of such cases shows no sign of decreasing. Therefore, it is better to buy accidental coverage insurance now rather than later. Zurich Kotak Group Accident Protect Insurance is a health insurance plan that offers coverage for accidental death, temporary partial and total disability, children's educational grants, inpatient hospitalization caused by accidents, and more.
This page discusses all the coverage benefits related to the Zurich Kotak Group Accident Protect plan. Read on to learn more.
Zurich Kotak Group Accident Protect Plan Specifications
| Specifications | Zurich Kotak Group Accident Protect Plan |
|---|---|
| Accidental Death | In case of the insured’s death due to an accident, the insurer will pay out the specified sum insured amount to their nominee or dependents if the claim is made within 12 months of the accident. |
| Permanent Total Disablement (PTD) | If the insured has met with an accident that caused permanent total disability, the company will compensate for the loss up to a specified limit, provided the claim is raised within 12 months from the date of the accident. |
| Permanent Partial Disablement (PPD) | In scenarios of permanent partial disability, there will be a payout for the loss if the insured claims within 12 months of the accident. The maximum sum insured payable is not more than 100% of the specified conditions. |
| In-patient Accidental Hospitalization | Any illness or injury caused by an accidental event will be covered for its treatment expenses or medical hospitalization care, specified as per week expenses (should not exceed 100 weeks in the policy term). |
| Modification of Residence/Vehicle | If the insured person needs any modification in their residence or vehicle after a permanent disability, the policy covers lifestyle changes. |
| Children's Education Grant | The insurer covers education or course fee expenses related to the insured’s dependent children. The maximum payout for an educational grant will be up to 100% of the sum insured (the maximum age specified as 25 years for dependent children). |
Exclusions
The Kotak Group Accident Protect Plan does not cover the following permanent diseases or health conditions:
- Hospitalization due to war, riot, strike, and nuclear weapons
- Intentional self-injury
- AIDS
- Miscarriage and abortion
- Congenital disease
- Infertility and in vitro fertilization
Why Choose Accidental Insurance?
A mishap like death or disability caused by an unfortunate accident is not easy for a family to handle. It not only impacts the future of the individual suffering from the event but also affects their family. Isn’t it better to be prepared? Of course, having an accidental insurance plan like the Zurich Kotak Group Accident Protect policy offers extended coverage benefits related to accidents. For more information about the policy, reach out to our health insurance experts at PolicyX.com at 1800 4200 269 or click on Get a Quote to get your queries resolved.
