IPPB Tata AIG Group Accident Gaurd Policy

IPPB Tata AIG Group Accident Gaurd Policy
IPPB Tata AIG Group Accident Gaurd Policy: IPPB Group Accident Gaurd Policy (GAG) IPPB Tata AIG Group Accident Gaurd Policy A new Group Accident Guard Policy product (General insurance) is launched & enabled in IPPB micro atm from 16th June 2022 This is a verygood insurance scheme provided to all IPPB customers. Insurance cover of Rs 10 lakh at just {399 including tax. Plus lot of additional benefits. Please go thorough the above pamplet & video once for login procedure. Requesting all micro atm end-users to kindly publicize this product & do atleast 1 policy & get activated.

Group Accident Insurance (Group Accident Guard)

Life is full of surprises, good as well as bad ones. Accidents are not planned but accidental expenses can be planned. No one is completely safe on the roads, no matter how much care you take. While you can’t always avoid the accidents, but you can prepare your family’s future in advance from expenses or any disability occurring out of the accident. An accident has a long-lasting impact not only on the person involved but also on his/her family members. The after effects of accident can be death, disability, financial loss, uncertain future of children whose parent/s had accident, expenses out of medical emergencies etc. A group personal accident insurance is an insurance plan that provides accident coverage for a large number of people, collectively referred to as a group. Group Accident Insurance provides coverage in case of unforeseen events, there are several other benefits that come with group personal accident insurance. Purchasing a group accidental insurance is the best option for keeping unanticipated expenses under check.

Products Features/Covers –

  • Accidental Death Coverage of : Rs.10,00,000
  • Permanent Total Disability Coverage of : Rs.10,00,000
  • Permanent Partial Disability Coverage of : Rs.10,00,000
  • Accidental Dismembernment and ParalysiS Coverage of : Rs.10,00,000
  • Accidental Medical Expenses IPD Fixed upto: Rs.60,000 or actual claims, whichever is lower
  • Post Tax Premium : Rs.399
  • Accidental Death Coverage of : Rs.10,00,000/-
  • Permanent Total Disability Coverage of : Rs.10,00,000/-
  • Permanent Partial Disability Coverage of : Rs.10,00,000/-
  • Post Tax Premium : Rs.399

GAG Insurance Basic Option

  • Accidental Medical Expenses OPD
  • Fixed up to: Rs.30,000/- or actual claims, whichever is lower
  • Education Benefit
  • 10% of SI or : Rs.1,00,000/- or actual, whichever is lower for maximum 2 eligible Children
  • In-Hospital Daily Cash
  • Rs.1,000 per day up to 10 days (1 day deductible)
  • Family Transportation
  • Benefits 25,000/- or actual, whichever is lower
  • Last Rites Benefit : 5,000/- or actual, whichever is lower
  • Accidental Dismemberment and Paralysis Coverage of : Rs.10,00,000/-
  • Accidental Medical Expenses IPD Fixed upto : Rs.60,000/- or actual claims, whichever is lower
  • Accidental Medical Expenses OPD Fixed up to : Rs.30,000/- or actual claims, whichever is lower

Key Features of IPPB TATA AIG Group Accident Gaurd Policy:

  • Accidental Death 1000000
  • Permanent Total Disability 1000000
  • Permanent Partial Disability 1000000
  • Accidental Dismemberment and Paralysis 1000000
  • Accidental Medical Expenses IPD Fixed upto Rs 60,000 or actual claims whichever is lower
  • Accidental Medical Expenses OPD Fixed upto Rs 30,000 or actual claims whichever is lower
  • Education Benefit 10% of SI or Rs 100000 or Actual whichever is lower for maximum 2 eligible children
  • In-Hospital Daily Cash Rs 1000 per day upto 10days (1day deducible)
  • Family Transportation Benefits Rs 25000 or actuals whichever is lower
  • Last Rites Benefit Rs 5000 or actuals whichever is lower
  • Post Tax Premium 399
  • GAG Insurance Basic Option
  • Accidental Death 1000000
  • Permanent Total Disability 1000000
  • Permanent Partial Disability 1000000
  • Accidental Dismemberment and Paralysis 1000000
  • Accidental Medical Expenses IPD Fixed upto Rs 60,000 or actual claims whichever is lower
  • Accidental Medical Expenses OPD Fixed upto Rs 30,000 or actual claims whichever is lower
  • Post Tax Premium 299

BENEFITS OF GROUP ACCIDENT POLICY

Accidental Death: It covers Death due to Accident within 365 days of the accident date. Coverage limit is 100% of Sum Insured. Accidental Dismemberment and Paralysis: It covers Dismemberment which is permanent in nature & occurs within 365 days of the accident Date. Paralysis is the loss of the ability to move (and sometimes to feel anything) in part or most of the body, as a result of an Injury. Education Benefit: Entire sum insured is payable in case of accidental death / permanent total disability. Benefit payable for eligible child who is full time student in any Institution. Permanent Total Disability: It covers Total Disability which is permanent in nature & occurs within 365 days of the accident Date. Coverage limit is 100% of Sum Insured. Accidental Medical Expenses in-patient department (IPD): It Covers hospitalization expenses due to accident for period more than 24 hours. In Hospital Daily Cash: Provides per day benefit for the period of Hospitalization due to Accident. Family Transportation Benefits: Expenses incurred by any immediate family member of the insured on making travel arrangements to meet the insured person who is hospitalized and situated more than 150-kilo meters from his residence. Permanent Partial Disability: It covers Partial Disability which is permanent in nature & occurs within 365 days of the accident Date. Coverage limit is as per % specified in policy document. Accidental Medical Expenses Outpatient Department (OPD): It covers Out Patient expenses due to accident in which the Insured Person visits a clinic/ hospital or associated facility like a consultation room for diagnosis and treatment based on the advice of a Medical Practitioner. Last Rites Benefit: If we have accepted a claim under Accidental Death benefit, then we will in addition pay fixed amount towards funeral expenses

Features of Group Accident Insurance

  • Entry age : 18-65 Years
  • Policy tenure : 1 year
  • Policy offered to IPPB Customers

What Does Group Accident Insurance Not Cover?

  • Suicide
  • Military services or operations
  • War
  • Illegal act
  • Bacterial Infections
  • Disease
  • AIDS
  • Dangerous sports etc.

Click below links to download product brochure

Disclaimer – The participation by IPPB’s customer in insurance products is purely on a voluntary basis. There is no ’linkage’ either direct or indirect between the provision of banking services offered by the bank to its customers and use of the insurance products.

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