IFFCO Tokio Individual Accident Insurance Policy

Policy Benefits

• Accidental bodily injury within 12 months, resulting in death is covered up to 100% of the Capital Sum Insured (CSI).
• Permanent total & absolute disablement caused due to accident is covered up to 100% of CSI.
• Loss of sight of both eyes/two limbs/one limb and one eye is covered up to 100% of CSI applicable.
• Loss of sight of one eye/one limb is covered up to the sub limit applicable.
• Permanent partial disablement is covered up to a percentage of CSI as specified in the sub limits.
• Temporary total disablement is covered as specified in the sub limit.
• Expenses incurred towards the carriage of dead body of the insured are covered up to the limits specified.
• Personal accident cover for Indian personnel working abroad is available on payment of additional premium.

 

Add-on Covers

• Cost of travel of the insured person is covered. It is available as an add-on cover. This benefit is applicable when an accident happens outside the city/town.
• Cost of travel of a relative, friend or colleague of the insured person is covered.
• Cost of supporting items such as crutches, wheelchairs, or artificial limb is covered.
• In case of death/permanent total disablement, education fund is payable up to the limits applicable. This benefit is payable to dependent children up to 23 years of age.
• Employment Benefit cover provides financial compensation up to specified limits in the event of loss of employment of the Insured following an accident resulting in loss of limbs/eyes or permanent total disablement.
• Ambulance charges towards transportation of the insured to the hospital are covered.
• Medical expenses are covered on payment of additional premium.

Value Added Benefits

• Earn cumulative bonus as 5% of CSI on completion of each completed policy year, subject to a maximum of 50%.
• Option to enhance the sum insured is availabe at the policy renewal. More than 10% of the last year CSI can be enhanced, subject to underwriter’s approval.

Sub Limits

• Loss of sight of one eye/one limb is payable up to 50% of CSI.
• Permanent partial disablement is payable in a range of 1% to 50% of CSI or any other % of CSI as assessed by doctor.
• Temporary total disablement is payable up to Rs 25,000 or 1% of CSI per week, whichever is lower.
• Carriage of dead body is payable up to 2% of CSI or Rs 2,500 whichever is lower.
• Ambulance charges are capped up to actual expenses incurred or Rs 1,000 per insured person per accident.
• Loss of employment is capped up to 1% of CSI or Rs 15,000 whichever is lower.
• Medical expenses are capped up to actual expenses or 10%/20%/35%/50% of CSI or 25%/50%/75%/100% of the admissible claim, whichever is less. This benefit varies on the loading.
• Cost of travel of the insured person is capped up to actual expenses, or 1% of CSI or Rs 5,000 whichever is lower.Cost of travel of a relative, friend or colleague is capped up to actual expenses, or 2% of CSI or Rs 10,000 whichever is lower.
• Cost of supporting items is capped up to 2% of CSI or Rs 10,000 or actual expenses, whichever is lower.
• Education fund is capped up to 10% of CSI, to a maximum of Rs 5,000 for one child and it is 10% of CSI, to a maximum of Rs 10,000 for more than one child.

Waiting Period Clause

No waiting period is applicable under this policy.