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Bajaj Allianz Sankat Mochan Policy

What is the Plan all About?

Sankat Mochan Policy from Bajaj Allianz provides cover against death/disability arising from accidental injury. This policy also covers accidental hospitalization expenses and pays a hospital confinement allowance as well.

3 plan variants can be chosen under this plan:

  • Basic Cover
  • Wider Cover
  • Comprehensive Cover

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What are the Key Features?

  • Accident cover for death or disability
  • Highest compensation in case of Permanent Total Disability
  • Varying cover options
  • Pays hospital confinement allowance
  • Global coverage for accidental bodily injury
  • In-house claim administration
  • Lifetime renewal

What are the Plan Benefits?

Policy Benefits

    • This policy provides cover for Accidental Death (AD) that occurs within 12 months from the date of bodily injury. It is covered up to 100% of the Sum Insured (SI).
    • Permanent Total Disability (PTD) caused from an accidental injury is covered as mentioned under the schedule. This benefit is applicable for wider and comprehensive plan.
    • Permanent Partial Disability (PPD) caused due to an accidental injury is covered up to a percentage of SI as mentioned in the sub limit. This benefit is applicable for wider and comprehensive plan.
    • Temporary Total Disability (TTD) arising from an accidental injury is payable up to the sub limit mentioned. This benefit is applicable for only comprehensive plan. This benefit is payable for the insured person aged 18 years and above.
    • In case of accidental death of the insured, Transportation of mortal remains is covered up to the sub limit.
    • In the event of Accidental Death/Permanent Total Disability, Children’s Education Benefit is payable for up to 2 dependent children aged below 19 years.
    • Hospital Confinement Allowance is payable as specified under the schedule.
    • Expenses incurred towards accidental hospitalization are reimbursed under this policy.

Value Added Benefits

    • Ambulance charges for transferring the insured from the site of accident to the hospital are covered.
    • Enjoy quick claim disbursement with the In-house claim administration team.
    • Enjoy portability under this plan.
    • Avail lifelong renewability and stay covered for your entire life.
    • Family coverage is available under this plan.
    • Change of plan/Sum Insured can be opted at the policy renewal, basis of the health condition & claim history under the policy.
    • Worldwide coverage is available for Accidental Bodily Injury, except Accidental Hospitalization Cover.
    • Premium paid towards accidental hospitalization cover is eligible for tax benefit u/s 80 D of The Income Tax Act.

Sub Limits

    • Permanent total Disability is payable up to 125% of the Sum Insured (SI).
    • Permanent Partial Disability is payable in a range of 2% to 75% of SI, depending on the disability sustained.
    • Temporary Total Disability is capped up to 1% of SI, to a maximum of Rs 5,000 per week. This benefit is payable for a maximum period of 100 weeks.
    • Transportation of mortal remains are payable up to 2% of SI or Rs 5,000 whichever is lower.
    • Children’s Education Benefit is payable as a one-time payment of Rs 5,000 for each dependent child.
    • Hospital Confinement Allowance is payable as Rs 1,000 for each 24 hours of hospitalization, up to a maximum of Rs 30,000 (or 30 days) during a policy period.
    • Accidental hospitalization expenses are payable for actual medical expenses, up to the Sum Insured opted. It is payable in a range of Rs 50,000 to Rs 2 Lacs, as per plan opted.
    • Ambulance charges are payable up to Rs 1,000 per claim.

Waiting Period Clause

    No waiting period is applicable.

Product Snapshot

Factor Minimum Maximum
Age (as on last birthday) Adult: 18 Years; Child: 5 Years Adult: 65 Years; Child: 25 Years
Accidental Death Sum Insured - 120 Times The Average Monthly Income
Cover Type Individual/Family -
Policy Tenure 1 Year 1 Year
Grace Period 30 Days -
Freelook Period 15 Days -
Riders Nil -
Plan Type Offline -

Exclusions

  • Any pre-existing condition
  • Self inflicted injury
  • Suicide/attempted suicide
  • Breach of law with criminal intent
  • Consequential losses of any kind
  • Venereal diseases
  • Pregnancy
  • Nuclear energy/radiation, etc.