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Overview
Reliance Health Personal Accident Policy covers individuals against accidental death and disability, along with multiple other benefits like child education and family security. Accidents are unfortunate incidents that create financial and emotional stress for the insured individual and their family. Investing in a personal accident policy offers multiple advantages. Reliance Personal Accident Policy offers compensation for various risk factors, including:
- 100% compensation for accidental death.
- 100% compensation for Permanent Total Disablement (PTD), including loss of two limbs/two eyes or one limb and one eye.
- 50% compensation for Permanent Total Disablement (PTD) due to loss of one limb or one eye.
- 1% to 75% compensation for Permanent Partial Disablement (PPD).
Reliance General Insurance Personal Accident Policy is an individual plan offering a sum insured ranging from 5 to 20 Lakhs. Customers can also avail a 5% increase in sum insured for each claim-free year. The plan also provides worldwide coverage.
Benefits of Reliance Personal Accident Policy
No Claim Bonus
The policy offers a 5% No Claim Bonus for each claim-free year, up to a maximum of 50% of the sum insured, applicable in case of accidental death or permanent total disablement.
Financial Security for Children
The policy provides an education fund for up to two dependent children in case of the policyholder's accidental death.
Medical Expense Reimbursement
Reimbursement of actual medical expenses incurred due to an accident, up to 40% of the compensation paid or 20% of the Capital Sum Insured (CSI), whichever is lower. This benefit is available upon payment of an extra 20% premium.
Protection Against Permanent Total Disability (PTD)
The policy offers 100% compensation for Permanent Total Disability (PTD) to the insured individual. PTD includes loss of both eyes or physical separation of limbs, which may lead to inability to work and cause financial distress.
Family Cover
Policyholders can also opt for family cover, with benefits as follows:
- Earning Spouse: Equal to Capital Sum Insured
- Non-Earning Spouse: 50% of Capital Sum Insured or INR 1 Lakh, whichever is lower
- Dependent Children: 25% of Capital Sum Insured or INR 50,000, whichever is lower
Inclusions
- Coverage Terms: 5 to 20 Lakhs
- Accidental Death: 100% of SI
- Permanent Total Disability: 50% of the sum insured for loss of one limb or one eye; 100% of the sum insured for loss of two limbs/two eyes or one limb and one eye; 100% of the sum insured for other permanent disability.
- Value-Added Benefits: Carriage of mortal remains - A lump sum of 2% of the Capital Sum Insured or Rs. 2,500, whichever is less.
Exclusions
- Suicide or attempted suicide, intentional self-injury.
- Venereal diseases, mental illness, or psychiatric conditions.
- War, acts of a foreign enemy, military or usurped acts.
- Hospitalization not arising from an injury.
- Breach of law by an insured person with criminal intent.
Claim Process for Reliance Personal Accident Policy
In Case of Accidental Death
The following details must be provided to the Company when intimating a claim:
- Policy Number
- Name of the policyholder
- Name of the insured person for whom the claim is being lodged
- Nature of accident/injury
- Name and address of the attending Medical Practitioner and Hospital
- Date of accident
- Any other information requested by the Company
