A sudden accident can sometimes lead to bodily injury that may result in the disablement of one or both limbs, loss of sight, speech or hearing. This can not only be discomforting physically and emotionally, but also put you in a financial dilemma if you haven’t saved enough to meet the expenses required for treatment and hospitalization.
This is why purchasing insurance against accidental disablement is essential as it helps to safeguard you against any such uncertainties in the future. Take, for instance, the Accidental Disability Cover (both partial and total disablement), a FlexiCare Group Insurance cover offered by Bajaj Markets in partnership with Manipal Cigna Health Insurance.
Here are the plan details:
Premium (Including GST)
Here are the steps you can follow to purchase the Accidental Disability Cover on Bajaj Markets.
Select the ‘Buy Now’ option to commence the purchasing process
Fill in your details like name and phone number in the online form.
Pay for your insurance using your preferred mode whether UPI, mobile wallets or debit and credit card.
Given below are a few of the features and benefits of the Accidental Disability Cover.
Here’s why you should get the Accidental Permanent Disability (Total and Partial) Disability Cover.
The Accidental Disability Cover can offer you financial protection in tough times that render you unable to comfortably pay for your accidental disability treatment. You can claim the sum insured in case of permanent total/partial disability for urgent treatments. You can also extend this coverage to your family members.
Under Section 80D, Section 80C, and Section 10D of the Income Tax Act of 1961, you can claim tax benefits for owning this policy. You can get up to ₹1.5 Lakhs of tax benefits for paying a premium towards the Accidental Disability Cover.
You can choose your payout method as per your convenience after claiming the sum insured. You can choose for the sum insured to be paid out in a lump sum or in the form of installments. Choosing a lump sum is usually the case when the insured wishes to use the sum insured for treatment costs while the installments help the insured manage survival expenses.
The total sum insured, when accepted in the form of installments, can be used for day-to-day expenses. Should your unfortunate disability render you unable to partake in an occupation that could help you earn, the installments of the sum insured can help you survive for a long while.
Underlying Health Condition: Accidental permanent disability cover is not liable for any complication arising out of a pre-existing medical issue that the insured might have before purchasing the plan
In order to have an understanding of all exclusions, please peruse the policy wordings.
In order to apply for a claim, you are encouraged to connect with the claim team put together to help serve you best. They are available via the following methods.
● Email – email@example.com
● Insurer’s Toll-free number provides insured individuals with immediate action - 1800-102-4462
You can claim 50% of the sum insured in such cases.
In either of these cases, an amount equal to 50% of the sum insured is paid out by the Accidental Disability Cover.
You can choose from a sum insured of ₹1 Lakh, ₹2 Lakhs, or ₹3 Lakhs.
You need to pay ₹214, ₹404 and ₹594 respectively for a sum insured of ₹1 Lakh, ₹2 Lakhs, or ₹3 Lakhs respectively.
No, the Accidental Disability Cover only offers you annual insurance against accidental permanent disability from the day of purchase.