TATA AIG Maharaksha Personal Injury Policy

TATA AIG Maharaksha Personal Injury Policy

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

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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:

*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.