TATA AIG Accident Guard Plan

Overview

Life is uncertain, and unforeseen events can occur at any moment. To help you prepare for such uncertainties, TATA AIG offers the Accident Guard Plan. To categorize this plan, TATA AIG has defined Occupational Classes, which divide people into:

Class I & II

This group includes white-collar workers employed in non-hazardous or semi-hazardous occupations with supervisory duties. Some examples are:

• Corporate employees
• Lawyers
• Doctors
• Dentists
• Clerks
• Salesmen
• Superintending engineers

Class III & IV

This class consists of skilled and semi-skilled workers using light and heavy machinery. Some examples are:

• Filling Station Attendants
• Taxi Drivers
• Heavy Motor Vehicle Drivers
• Industrial Workers
• Construction workers
• Electricians
• Farmers
• Labourers

An accident policy provides additional coverage and complete peace of mind. Get ready for any unforeseen situation and give financial protection to your family with the TATA AIG Accident Guard Policy. Individuals aged 18 years or older can purchase this policy to secure their future and that of their family members, including partners, parents, children, or in-laws.

Read on to learn more about the policy.

Losses for Which the Policyholder Will Be Covered

Inclusions

• If the policyholder's death is a direct result of an accident, the policy provides financial coverage to the beneficiary, including expenses for burial/cremation.
• A percentage of the principal sum insured is provided if the policyholder suffers dismemberment due to accidental injury, such as loss of hearing, sight, speech, or limbs.
• If the policyholder dies due to an accident, the policy covers the education fees for eligible children who are graduate students or in Class 12.
• If disablement or injury necessitates home renovations, such as installing ramps, these charges will be covered by the policy.
• In the event of accidental loss of life, the policy covers burial/cremation charges and transportation of the body to the residence.
• If the policyholder requires hospitalization for treatment, the policy covers transportation charges for immediate family members visiting the hospital.
• If the policyholder suffers a temporary total disability due to an accident, the company will pay weekly benefits during the recovery period.

Exclusions

• Suicide or self-inflicted injury
• Sexually Transmitted Diseases
• Mental or Nervous Disorder
• Injuries sustained while serving in the armed forces.
• Participation in riots, criminal acts, or misdemeanors.
• Injuries incurred while operating or learning to operate an aircraft.
• Losses due to war, invasion, or mutiny.
• Injuries from adventure sports activities.

What You Will Get With The TATA AIG Accident Guard Policy

The TATA AIG Accident Guard Policy offers comprehensive 360-degree coverage for accidents. Here's what you get:

• Accidental Death

  Your family will receive the principal sum shown in the policy schedule if the injury due to the accident results in loss of life.

• Dismemberment Due to Accident

  A percentage of the principal sum insured will be provided to you if you suffer from dismemberment due to accidental injury.

• Education Coverage

  In case your child is studying, and you meet with an accident that results in death, then the policy will bear the cost of education for your child.

• Home Alteration and Vehicle Modification

  Accidents can sometimes lead to permanent disabilities requiring home alterations (e.g., ramps) or vehicle modifications (e.g., side wheels). This policy covers such necessary expenses.

• Temporary Total Disability Benefit

  You can claim your policy in the form of a weekly wage. This benefit provides a weekly income during your recovery period from accident-related injuries.