What is Accident EMI Protection Plan – Two EMIs?
Accidents or medical emergencies can happen anytime, disrupting your monthly instalments. Treatment often involves significant expenses and can put a huge dent on your finances.
In this regard, to circumvent your financial stress, you can opt for an accident protection plan that will allow you to pay up to two EMIs during your disability or injury in an accident. The plan comes at a nominal premium starting at Rs. 29 for yearly coverage. With the help of such covers, you can mitigate the adverse effects on your financial stability due to disablements.
Key Features of Accident EMI Protection Plan
When purchasing an accident protection plan, here’s what’s in it for you:
How to Apply for the Accident EMI Protection Plan?
The application process for an accident protection insurance plan on the Bajaj MARKETS website is straightforward and hassle-free. Just follow the steps mentioned below to get covered:
After successfully completing the purchase, you will receive all the relevant membership details on your registered email ID.
Eligibility Criteria
To choose an accident protection plan, you need to meet the following eligibility criteria listed below:
Applicants must be an Indian resident
One must fall within the age bracket of 18-65 years
What’s Covered?
Policy Details & Specifications
The table below gives you details and specifications about the accident protection policy:
Options |
Option 1 |
Option 2 |
Option 3 |
Option 4 |
Option 5 |
Sum Insured |
Up to Rs. 5, 000 |
Up to Rs. 10, 000 |
Up to Rs. 20, 000 |
Up to Rs. 25, 000 |
Up to Rs. 50, 000 |
Premium amount (including GST) |
Rs. 29 |
Rs. 39 |
Rs. 54 |
Rs. 59 |
Rs. 99 |
Plan validity: 1 year
What’s not Covered?
This policy will not offer coverage for the following circumstances:
Any kind of pre-existing disease is not covered under this accident protection plan.
An accident due to adventure sports is not covered as per policy specifications.
How to Raise a Claim?
To raise a claim against the accident protection insurance policy, you can select any of the following methods:
To contact the insurer, dial 1800-102-4462.
For any queries, you can send an email at servicesupport@manipalcigna.com by mentioning your policy number and other essential details.
Customer Care Details
If you have questions or doubts regarding the policy, feel free to reach out to us at insuranceconnect@bajajfinservmarkets.in.
Accident EMI Protection Plan- Two EMIs - Frequently Asked Questions
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✔️What are the payment options available to buy an accident protection plan?
You can pay the premium of this insurance plan through different online payment methods, including UPI, mobile wallet, credit and debit card, Net banking, etc.
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✔️How do you get the accident protection plan membership details after purchasing it online?
You will receive the accident protection plan membership details on your registered email ID after successfully paying the premium amount.
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✔️I suffer from high blood pressure. Would any complication arising out of the accident due to my condition be covered under this plan?
Unfortunately, only the medical conditions specified in the policy details are covered.
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✔️Is this accident protection plan offered by Bajaj MARKETS?
No, you can explore and purchase your preferred insurance plan offered by various leading insurance companies on Bajaj MARKETS.
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✔️Is a personal accident protection insurance plan similar to this policy?
No. Both the plans and their specifications are different. A personal accident protection cover offers financial coverage for the policyholder's loss of life, disability and injury. Moreover, it also provides financial assistance to the deceased's family members. On the other hand, an accident EMI protection plan provides the benefit of up to two EMIs payable to the existing insurance-linked loan account.
