TATA AIG Maharaksha Personal Injury Policy

*Please note that the quotes shown will be from our partners

Introduction:

  • A comprehensive policy covering the Individual as well as family, and protecting against accidental injuries and subsequent treatments.

Eligibility:

  • Minimum age- 18 years and maximum- 75 years.

Policy Benefits:

  • Accidental Death:Expenses covered for loss of life due to an Accident.
  • Fractures / Dislocation / Burns: A percentage of Insured Sum is paidfor a specific injury (must occur within 90 Days from date of the Accident).
  • Hospital Indemnity Accident Only:Daily Expenses against hospitalisation is borne subject to a maximum of 365 days.
  • Unable to do activities in daily living: Under cases where the Insured loses capability to perform 3 or more daily functions (Injury happening within 365 Days from the date of the Accident) for a continuous period of 180 Days the Principal Sum is paid.
  • Above 71 years of age benefits reduce by 50%.

Policy Details:

  • Cash payment for accidents/hospitalization irrespective of expenses.
  • Lifetime renewal facility however premium does not increase with the age.
  • Double Claim benefit: Avail benefits of this policy even if insured with another policy.
  • 24 hour coverage worldwide, no restrictions on hospitals

Premium Details:

No of persons Insured

Level of insurance

1

2

3

4

5

6

1

1264

2529

2970

3712

5355

7141

2

2145

4292

5048

6310

9290

12386

3

3156

6310

7413

9267

13662

18215

4

4042

8084

9493

11866

17486

23315

 

*The above rates may vary. Please check the policy wordings for more details.

 

Renewal Benefits

  • Lifelong renewability: no maximum cover ceasing age in this policy
  • Grace Period of 30 days for renewing the policy, waiting periods as mentioned in the policy wording get reduced by 1 year on every continuous renewal.
  • Sum Insured Enhancement: Any change in benefits or premium (other than due to change in age) will be done with the approval of the IRDA and will be intimated at least 3 months in advance at the time of renewal.

Free Look Period:

  • A period of 15 days after date of receipt of policy to review terms and conditions during which insured can cancel it with due refunds.

Portability:

  • If the insured wishes to migrate to another Insurer towards renewal, he can draft an application at least 45 days before the date of renewal.

Exclusions:

  • Any pre-existing condition.
  • Expenses due to suicide/ self-inflicted injury, sexually transmitted diseases, mental/nervous disorder, anxiety or depression, Acquired Immune Deficiency Syndrome (AIDS), Human Immune deficiency Virus (HIV) infection
  • Injuries due to involvement in war, invasion or terrorist activity involvement.
  • Participation in winter sports, sky diving, scuba diving or related sport activities.
  • Accidents due to involvement with related to aircraft, or as a member of the crew.
  • Being under the influence of drugs or alcohol.
  • Exposure to radioactive substances or diseases due to intoxication.