Know Individual Personal Accident Insurance Plan in detail

Sept. 1, 2011 - PRLog -- The company has brought several pure health insurance products, accident health insurance products and travel insurance products for the Indian masses. All these products have their own coverage limits to offer health cover at different situations of life.

Looking into the needs of accident insurance in India, Apollo Munich has brought IPA-- Individual Personal Accident Insurance plan.

Individual Personal Accident plan comes in two variants: -

•   Standard—with sum insured in the range of one lakh to fifty lakh.
•   Premium—with sum insured in the range of five lakh to five hundred lakh.

Premium variant has wider coverage as compared to a Standard variant. This plan works on the principle of benefit, thus offering a lumpsum amount (sum insured) to the nominee (beneficiary). This amount depends upon the bodily injuries incurred due to an accident and the terms and conditions of the plan. It offers a lumpsum payment in an event of a policy holder’s death due to an accident. The plan also offers coverage for disablement, both temporary and permanent. In case of permanent total or permanent partial disablement, the plan offers the sum assured. In case of temporary disablement or bodily injuries, the money depends upon the extent of injuries incurred.

Individual Personal Accident Standard Plan pays for the following:-

•   Emergency Ambulance Charges (Rs. 2000)
•   family transportation (1 % of sum assured; maximum up to Rs. 1 lakh)
•   Transportation of mortal remains (2% of sum assured; maximum up to Rs.10, 000)
•   Education funds (10 % of sum assured; maximum up to Rs. 20,000)
•   Temporary total disablement (100% of sum assured; maximum up to Rs. 5,00,000 in Standard variant and Rs. 15,00,000 in Premium variant).      

Furthermore, the coverage limits increase with premium variant. It includes coverage for broken bones (20% of sum assured; maximum up to Rs. 1, 00,000), transportation of imported medicine (5% of sum assured; maximum up to Rs. 20,000), purchase of blood (5% of sum assured; maximum up to Rs. 10,000), modification of vehicle/residence (10% of sum assured; maximum up to Rs. 1,00,000) and  accident hospitalization (Rs. 1,00,000).  

This policy, once purchased, is valid for one year and thereafter, it needs to be renewed so that the benefits can be enjoyed for the extended time period.

Apollo Munich Uncomplicate Health Insurance

For More Information about Health Insurance visit:- http://www.apollomunichinsurance.com