The Scheme is available to people in the age group 18 to 70 years with a bank account who give their consent to join / enable auto-debit on or before 31st May for the coverage period 1st June to 31st May on an annual renewal basis. Aadhar would be the primary KYC for the bank account.
The risk coverage under the scheme is Rs.2 lakh for accidental death and full disability and Rs. 1 lakh for partial disability.
The premium of Rs. 20 per annum is to be deducted from the account holder’s bank account through ‘auto-debit’ facility in one installment.
The scheme is being offered by Public Sector General Insurance Companies or any other General Insurance Company who are willing to offer the product on similar terms with necessary approvals and tie up with banks for this purpose.
- Insurance scheme IPPB group personal accident insurance is an insurance plan that provides accident coverage for a large number of people, collectively referred to as a group.
- Group Accident Insurance provides coverage in case of unforeseen events, there are several other benefits that come with group personal accident insurance.
- Purchasing a group accidental insurance is the best option for keeping unanticipated expenses under check.
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- tamil BENEFITS OF GROUP ACCIDENT POLICY It covers Death due to Accident within 365 days of the accident date.
- Coverage limit is 100% of Sum Insured. It covers Dismemberment which is permanent in nature & occurs within 365 days of the accident Date.
- Paralysis is the loss of the ability to move in part or most of the body, as a result of an Injury. Entire sum insured is payable in case of accidental death / permanent total disability. Benefit payable for eligible child who is full time student in any Institution. It covers Total Disability
- which is permanent in nature & occurs within 365 days of the accident Date.
- Coverage limit is 100% of Sum Insured.
- Life is full of surprises, good as well as bad ones. Accidents are not planned but accidental expenses can be planned.
- No one is completely safe on the roads, no matter how much care you take.
- While you can’t always avoid the accidents, but you can prepare your family’s future in advance from expenses or any disability occurring out of the accident.
- An accident has a long-lasting impact not only on the person involved but also on his/her family members.
- The after effects of accident can be death, disability, financial loss, uncertain future of children whose parent/s had accident, expenses out of medical emergencies etc. A group personal accident insurance is an insurance plan that provides accident coverage for a large number of people, collectively referred to as a group.
- Group Accident Insurance provides coverage in case of unforeseen events, there are several other benefits that come with group personal accident insurance.
- Purchasing a group accidental insurance is the best option for keeping unanticipated expenses under check.
- BENEFITS OF GROUP ACCIDENT POLICY 1. Accidental Death: It covers Death due to Accident within 365 days of the accident date. Coverage limit is 100% of Sum Insured. 2. Accidental Dismemberment and Paralysis: It covers Dismemberment which is permanent in nature & occurs within 365 days of the accident Date. Paralysis is the loss of the ability to move (and sometimes to feel anything) in part or most of the body, as a result of an Injury. 3. Education Benefit: Entire sum insured is payable in case of accidental death / permanent total disability.
- Benefit payable for eligible child who is full time student in any Institution. 4. Permanent Total Disability: It covers Total Disability which is permanent in nature & occurs within 365 days of the accident Date. Coverage limit is 100% of Sum Insured.
- https://www.youtube.com/watch?v=9wHaTbD94wk
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