The policy plan mentioned above will be covering the following points:
a) Under personal accident coverage, you should be giving the name of the nominee to whom the hundred percent of the sum capital will be given in case of accidental death.
b) Permanent and temporary total disablement: In case of permanent disability the total sum will be given while in case of temporary disablement, weekly income benefit will be given to the maximum of 104 weeks.
c) If during the accident, insured person gets the partial permanent disablement; then the extent of loss decides the percentage of the sum to be given. The details of permanent partial disability is given in terms and conditions, which you read before signing the documents or on our online page to get the better understanding of it.
d) Accident hospitalization cost, education grant for the children (@ of Rs.5000 per child) and transportation of mortal remains in case of unfortunate death are all covered in the plan as extra benefits.
Note: There are few exclusions of the Royal Sundaram personal accident insurance policy which you should know before taking the plan. Any kind of suicidal attempt or injury due to any fight or criminal act is not included in the insurance. Also, the disability, death or injury due to any war, nuclear weapons or armed forces is also not included. Any kind of liquor or drug addiction is not entertained.
There are few more positives of this policy. Under the individual personal accident policy, a discount of ten percent will be given on the insurance of three or more family members. Also, if you have renewed the policy without any breaks in the middle (in the claim- free year), then there can be increase in the total permanent disablement or death from 5 – 25 % depending on the terms and conditions of the plan taken.