Taking a loan, whether it is for financing a new house, car, bike or even personal needs is easier these days thanks to online availability. This combined with the ease of payments in which you have the convenience of paying in monthly instalments also makes them attractive. However, have you ever thought about what would happen if you are not able to pay that EMI in time in case you are injured in an accident?
It is keeping this in mind that Finserv MARKETS has partnered with Manipal Cigna Health Insurance for Accident EMI protection- two EMI. The plan can help you pay up to two EMIs even when you are disabled or injured in an accident.
Plan Details:
Options |
1 |
2 |
3 |
4 |
5 |
Sum Insured (Rs.) |
5,000 |
10,000 |
20,000 |
25,000 |
50,000 |
Premium incl. GST (Rs.) |
29 |
39 |
54 |
59 |
99 |
Choose your sum insured from Rs.5000 to Rs. 50,000 for the Twin EMI accident insurance as per your monthly liability
You can buy Accident EMI protection- two EMI if you are between the age of 18 years to 65 years
The policy is valid for one from the time of its purchase
If you are disabled due to an accident and unable to go to work for at least a month, the plan will cover up to 2 EMIs payable by you
Apart from hospitalization, the policyholder is also provided coverage for Coma, total disability( both permanent and temporary as well as Permanent Partial Disability
The amount of cash that you can claim will be in proportion to the EMI contribution that you are required to make to the existing insurance-linked loan account
Twin EMI accident insurance does not provide coverage for any injury sustained by you while performing an adventure sports activity
The policy will not cover any existing health conditions the insured might be suffering from at the time of purchase
Applying for a Accident EMI Protection-Two EMI Cover is fairly simple. You could avail the insurance instantly over a few clicks by following the below mentioned steps:
Visit our website and go to the Pocket Insurance and VAS products page
Select Accident EMI Protection-Two EMI Cover and click on Buy Now
Fill out the full details required in the online application form
Once the application is complete, make the premium payment and you’re good to go now
You can easily file a claim for Twin EMI accident insurance.
You need to pay just Rs. 29 per year for the plan
You will have to pay an annual premium of Rs.59
It is Rs. 50,000 for which you need to pay a yearly premium of Rs. 99
Of course, you can choose to pay Rs.39 and Rs. 54 for a sum insured of Rs. 10, 00 and Rs. 20,000 respectively
Unfortunately, underlying medical conditions are excluded from coverage under the plan