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About the Tata AIG Accident Shield Policy
Have you considered staying prepared against adversity with the Tata AIG Accident Shield policy?
The Tata AIG Accident Shield policy is an additional layer of protection that offers multiple insurance benefits. These covers include:
- Accidental death
- Permanent total disability
- Permanent partial disability
- Disappearance of the insured person (in an accident)
- Child's education aid (in case of accidental death or PTD)
Read on to know more about the eligibility criteria, coverage benefits, and exclusions of the Tata AIG Accident Shield plan. You can also reach out to the health insurance experts at PolicyX.com for more insights.
Eligibility Criteria of Tata AIG Accident Shield Policy
| Entry Age | 6 Months - 65 Years |
| Sum Insured | NA |
| Plan Type | Accident |
| Policy Term | 1/2/3 Years |
| Initial Waiting Period | 30 Days* |
Specifications of Tata AIG Accident Shield Policy
| Specifications | What will the insured get? |
|---|---|
| Accidental death | If the insured dies due to an accident, the insurer will pay the base sum insured, provided the event occurred within one year of the accident. |
| Disappearance | If the person’s body is untraceable and cannot be located within one year, and this is caused by an accidental event, the company will pay the benefit for the loss. |
| Permanent Total Disability (PTD) | In case of permanent total disability, the company will pay up to the principal sum insured, provided the condition is specified in your policy documents and the event occurred within one year. |
| Permanent Partial Disability (PPD) | If the insured person gets PPD, based on the conditions specified in the policy wording, they will receive the principal sum insured, provided the event occurred within 180 days of the accident. |
| Children’s education grant | The company will pay for the education of the insured’s children up to 10% of the sum insured or ₹1 Lakh (whichever is lower) in case the insured has died in an accident or has met with an accident causing permanent total disability. |
Exclusions
The Tata AIG Accident Shield Plan does not cover permanent diseases or health conditions such as:
- Hospitalization due to war, riot, strike, or nuclear weapons
- Intentional self-injury
- AIDS
- Miscarriage and Abortion
- Congenital disease
- Infertility and in vitro fertilization
Wrapping It Up
Accidents can wreak havoc in a person's life and cause immense stress to their family—both emotional and financial. How can one be prepared for such unannounced life events? By buying the Tata AIG Accident Shield policy. With rising healthcare costs, it has become mandatory to have an accidental health insurance plan that helps mitigate the financial distress of expensive medical treatment and protect life savings.
The Tata AIG Accident Shield policy provides the insured with the shield to stay protected and be prepared to fight against adversities. To know more about it, call us at 1800 4200 269 or get a quote from PolicyX.com.
