Some people love the adrenaline rush, engaging in some or the other form of sporting/fitness activity or even going to the gym gives them. Sports/gym injuries are common amongst these fitness junkies and that’s why a Sports/Fitness injury insurance is highly recommended for them. This insurance not only provides lump sum disability benefit, but also covers hospitalization expenses.
In case the policyholder’s sports/fitness injury leads to his Permanent Partial Disability or Permanent Total Disability, this insurance will provide him a sum insured of up to Rs. 2 Lakh.
The insured also gets coverage of up to Rs. 2 Lakh in case an accidental sports/fitness injury results in a coma. The expenses incurred on fracture treatments are also covered up to Rs. 1 Lakh.
Filing claims was never so easy. Just follow these steps and your'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 immediately consult a Doctor and follow the advice and treatment that he recommends.
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 cases of hardship where it is proved to Our satisfaction that under the circumstances in which the Insured Person was placed, it was not possible for the Insured Person or any other person claiming on his/her behalf to give notice or file claim within the prescribed 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.
A sports/fitness injury insurance provides coverage to those who like to engage in sports/fitness/gym activities/workouts, in case of a personal accident.
Sports/fitness injury insurance provides a lump sum benefit amount of up to Rs. 2 Lakh to the policyholder, in case an accident during workout/sporting activity results in his Permanent Partial Disability or Permanent Total Disability. Medical expenses of up to Rs. 2 Lakh in case of coma and fracture treatment expenses of up to Rs. 1 Lakh are covered too.
Yes, there is an age limit involved. Only individuals between the age of 18 to 70 years can buy sports/fitness injury insurance.