The suddenness of the nature of an accident makes it a deep impacting occurrence in a victim’s life. It is therefore sensible to have an accident insurance in place to be able to deal with the aftermath of an accident. The Accident Cover sachet insurance wherein in case of the Accidental Death of an insured, a sum insured of Rs. 10 Lakh is provided. While in case Permanent Total or Permanent Partial Disability a sum insured of up to Rs. 15 Lakh is provided. This accident insurance also provides for income loss in case of permanent partial disability due to an accident.
The insured gets a Sum Insured of Rs. 10 Lakh in case of Death or of Rs. 5 Lakh in case of Permanent Total Disability due to an accident.
The insured gets a Sum Insured of Rs. 15 Lakh in case of Permanent Partial Disability or Permanent Total Disability due to an accident. The insured also gets an income replacement benefit of Rs. 1000/week, in case of Permanent Partial Disability.
Filing claims was never so simple. Just follow these steps and you’re done!
If you meet with any Accidental Bodily Injury that may result in a claim, then as a condition precedent to our liability:
a. You or someone claiming on your behalf must inform us in writing immediately and in any event within 30 days from the date of the accident and submit all documents to us within 30 days from the date of intimation.
b. You must consult a Doctor immediate and follow the medical advice and treatment recommended by the doctor.
c. You must take reasonable steps to lessen the consequence of Bodily injury.
d. You should allow examination by our medical advisors if we ask for this.
e. You or someone claiming on your behalf must promptly give us documentation and other information we ask for to investigate the claim or our obligation to make payment for it.
f. In case of your death, someone claiming on your behalf must inform us in writing immediately and send us a copy of the post mortem report (if conducted) within 30 days.
*Note: Waiver of conditions (a) and (f) may be considered in extreme scenario of hardship where it is proved to the insurer’s satisfaction that under the circumstances in which the insured individual or his/her family were placed, it was not possible for the insured individual or any other person claiming on his/her behalf to file a claim or give notice within the particular time limit.
Period in Risk |
Premium Refund |
||
Policy Period 1 Year |
Policy Period 2 Year |
Policy Period 3 Year |
|
Within 15 Days |
Pro-Rate Refund |
||
Exceeding 15 days but less than 2 months |
75.00% |
80.00% |
85.00% |
Exceeding 2 months but less than 4 months |
60.00% |
75.00% |
80.00% |
Exceeding 4 months but less than 6 months |
45.00% |
65.00% |
75.00% |
Exceeding 6 months but less than 8 months |
30.00% |
60.00% |
70.00% |
Exceeding 8 months but less than 10 months |
15.00% |
50.00% |
65.00% |
Exceeding 10 months but less than 12 months |
0.00% |
45.00% |
60.00% |
Exceeding 12 months but less than 14 months |
|
35.00% |
55.00% |
Exceeding 14 months but less than 16 months |
|
30.00% |
50.00% |
Exceeding 16 months but less than 18 months |
|
20.00% |
45.00% |
Exceeding 18 months but less than 20 months |
|
15.00% |
40.00% |
Exceeding 20 months but less than 22 months |
|
5.00% |
35.00% |
Exceeding 22 months but less than 24 months |
|
0.00% |
30.00% |
Exceeding 24 months but less than 26 months |
|
|
25.00% |
Exceeding 26 months but less than 28 months |
|
|
20.00% |
Exceeding 28 months but less than 30 months |
|
|
15.00% |
Exceeding 30 months but less than 32 months |
|
|
10.00% |
Exceeding 32 months but less than 34 months |
|
|
5.00% |
Exceeding 34 months but less than 36 months |
|
|
0.00% |
However, if any claim has been made then no refund will be given for cancellation of policy.
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Need further assistance? Reach out on the Toll-Free Number: 1800-209-5858 to connect with an insurance expert.
3 reviews
When looking for financial coverage, one of the most important factors is affordable rates. Starting at just Rs. 212, the accident cover on Finserv MARKETS is one of the most affordable plans that covers for an accident.
Posted on 06 Feb 20
Accident cover on Finserv MARKETS gave me a peace of mind. The Rs. 1000/week of income replacement benefit in case of Disability was something that made me buy the product.
Posted on 17 Feb 20
I met with a minor bike accident last month and that's when the accident cover helped me. With a Rs. 5 Lakh cover, I could continue my life with ease, despite the disability due to the accident.
Posted on 20 Jan 20