Bagic Group Personal Accident Policy

Bajaj Allianz Group Personal Accident policy is a comprehensive plan that offers you protection against accidental injury or loss due to accidental death or disability.

Bajaj Allianz Group Personal Accident policy

Bajaj Allianz Group Personal Accident policy is a comprehensive plan that offers you protection against accidental injury or loss due to accidental death or disability.

PA Insurance Cover to Loan Customers

  • Scope of cover: As per Plan A/Plan B/ Plan C/ Plan D below:
  • Policy Period: 1 Year

This product offers Personal Accident insurance coverage to a loan customer from 7.5 Lakhs to 20 Lakhs along with other add on covers like Hospi Cash, Hospitalization expense, Child education benefit.

COVERAGES

NEW

EXISTING

PLAN A

PLAN B

PLAN C

PLAN D

Accidental Death (Sum Insured)

20,00,000

15,00,000

10,00,000

7,50,000

Permanent Total Disability (Sum Insured)

20,00,000

15,00,000

10,00,000

7,50,000

Accidental Hospital cash per (Sum Insured) day up to 7 days (1-day deductible)

1,000

1,000

1,000

1,000

Child Education Benefit (Sum Insured)

1,00,000

1,00,000

1,00,000

1,00,000

Accidental Hospitalization (Sum Insured)

2,00,000

2,00,000

1,00,000

1,00,000

Net Premium

744

616

410

316

Goods & Service Tax

134

111

74

57

Gross Premium

878

727

484

373

 

Note: 1. Exclusions: Persons working in underground mines, explosives, magazines, workers involved in electrical installation with high tension supply, Jockeys, Circus personnel, persons engaged in activities like racing on wheels, or horseback, big game hunting, mountaineering, winter sports, skiing, ice hockey, ballooning, hand gliding, river rafting, polo, sea faring, persons engaged in occupations/activities of similar hazardous nature are excluded from coverage.

Exclusions

 

We will not pay for “any event that arises because of, is caused by, or can in any way be linked to any of the following.
1.    Accidental Bodily Injury that you meet with:

  • Through suicide, attempted suicide or self-inflicted injury or illness.
  • While under the influence of liquor or drugs.
  • Through deliberate or intentional, unlawful or criminal act, error, or omission.
  • Whilst engaging in aviation or ballooning, whilst mounting into, dismounting from or traveling in any balloon or aircraft other than as a passenger (fare paying or otherwise) in any duly licensed standard type of aircraft anywhere in the world.
  • Whilst participating as the driver, co-driver or passenger of a motor vehicle during motor racing or trial runs. As a result of any curative treatments or interventions that you carry out or have carried out on your body.
  • Arising out of your participation in any naval, military or air force operations whether in the form of military exercises or war games or actual engagement with the enemy, Whether foreign or domestic.

2.    Your consequential losses of any kind or your actual or alleged legal liability. 
3.    Venereal or sexually transmitted diseases.
4.    HIV (Human Immunodeficiency Virus) and/or any HIV related illness including AIDS (Acquired Immune Deficiency Syndrome) and/ or mutant derivatives or variations thereof however caused.
5.    Pregnancy, resulting childbirth, miscarriage, abortion, or complications arising out of any of these. 
6.    War (whether declared or not), civil war, invasion, act of foreign enemies, rebellion, revolution, insurrection, mutiny, military or usurped power, seizure, capture, arrest, restraint or detainment, confiscation or nationalization or requisition of or damage by or under the order of any government or public local authority.
7.    Nuclear energy, radiation