Lump-sum coverage| Effortless Claim Procedure|Accidental Death Insurance Coverage upto ₹3 Lakhs starting @₹214

What is an Accidental Death Insurance Policy?

An accidental death insurance policy is essential during the unforeseen demise of an individual. This protects your family from immediate financial crisis if you are the sole earner in your family. You can purchase this policy for as low as Rs. 214 per year. Additionally, you can enjoy several benefits that come along with this policy.

Key Features and Benefits of Accidental Death Insurance

Here are a few benefits that you can enjoy with this plan:

Lower Fees

You can purchase the policy for as low as Rs. 214 per year. Thus you can affordably purchase this plan individually for your family members.

Hassle-free claim process

You can make a claim for the death benefits of this plan at your ease by contacting customer care service for assistance.

Extensive coverage

Nominees are eligible to receive an extensive amount after the death of an insured individual. This would help them to cover their expenses at ease.

Importance of Purchasing an Accidental Death Benefit

Below are some reasons that make it imperative to purchase an accidental death insurance policy:

  • Additional protection

Accidental death insurance serves as an additional layer of financial protection for your family in case any unforeseen situation arises.

  • Tax benefits

You can enjoy tax benefits of up to Rs. 1.5 Lakhs. Nonetheless, it is a must that the premium must be below 10% of the sum assured.

  • Minimal documentation

You will need only the essential documents, such as identity proof and address proof, while applying for this pocket insurance policy.

  • Flexible pay-out option

Your family will be able to receive the insured amount as per their need. This keeps them free from financial worries during unfortunate circumstances.  

  • Hassle-free settlement

In case you meet with an accident and are unable to survive, your family can make a claim quickly. First, however, they will have to provide a few essential documents for the same.

  • No medical examination needed

You do not need to undergo any kind of medical examination while purchasing the insurance policy, thus saving time immensely.

How to Apply for an Accidental Death Insurance Policy?

Follow the steps below to purchase the claim:

  • Click on the “Buy Now” Button

    Click on the ‘Buy Now’ button.

  • Enter the essential details

    Enter all the mandatory details correctly.

  • Complete your payment

    Process the payment to complete your purchase.

Eligibility Criteria & Documents Required for Accidental Death Insurance

It is a must to check the eligibility criteria and the essential documents before you proceed with purchasing the plan. 

Eligibility criteria 

The eligibility criteria to qualify for the claim are as follows:

  • Nationality: Indian

  • Age range: 18 to 65 years

Documents required

You must keep the following documents ready to avoid any errors during the last-minute rush:

 

  • Address proof documents such as electricity bill, water bill, ration card, and telephone bill.

  • Age proof documents such as birth certificate, voter’s ID card, driving license, passport, and PAN card.

  • Income proof documents such as payslips and bank account statements.

Policy Plan Details of Accidental Death Cover Policy

You can make a claim on the accidental insurance policy any time after the demise of the policyholder.

Fees per year

Sum insured

Validity period

Rs. 214

Rs. 1 Lakh

1 year

Rs. 404

Rs. 2 Lakhs

1 year

Rs. 594

Rs. 3 Lakhs

1 year

Accidental Death Insurance Policy Exclusions

There are several exclusions on this plan, such as:

  • One-time claimable

You can claim this policy only once, after which it gets terminated.

  • Death due to chronic diseases

You cannot claim this policy if a person dies due to any pre-existing or chronic disease.

How to Make an Accidental Death Insurance Claim

You can raise an accidental death insurance claim in the following ways:

 

  • Email 

You can send an email to support@insurancedekho.com stating the issues you are facing.

  • Call 

You can make a call at 755 1196 989 make a claim.

Documents Required for Processing an Accidental Death Insurance Claim

You must submit the essential documents mentioned below while making a claim:

 

  • Original papers of FIR 

  • Death certificate of the individual

  • Accidental death insurance policy papers

  • Post mortem report 

  • Identity proof of the insured individual

Accidental Death Cover Customer Care Details

In case of any doubts or queries, you can contact Bajaj MARKETS at the email id insuranceconnect@bajajfinservmarkets.in for instant assistance.

FAQs on Accidental Death Insurance

  • ✔️Whom to select as nominee for accidental death insurance?

    You can choose your partner, kids, parents, or any other family member as a nominee for your insurance. Additionally, you can also nominate any friends or relatives if you feel the need.

  • ✔️Can I extend the accidental death insurance policy after 1 year?

    No, you cannot extend your plan after one year. However, you can purchase a new plan for a similar or more amount to keep enjoying the same benefits.

  • ✔️What modes of payment can I use to pay while purchasing the policy?

    You can complete the payment procedure using your debit or credit card. Additionally, you can also use multiple payment wallets to pay the money.

  • ✔️Can I claim the insurance money in case of disability due to an accident?

    No. You can claim the insurance only after the death of the policyholder.

  • ✔️Can I claim the money if my name is not mentioned as a nominee?

    No. Only nominees can claim the insurance money. Also, you must provide valid identity proof while making your claim.