TATA AIG Accident Guard Policy

Policy Benefits

• This policy covers Accidental Death (AD) when occur within 180 days from the date of bodily injury. It is payable up to the Principal Sum Insured specified in the policy schedule.
• Accidental Dismemberment when occurs within 180 days from the date of injury is covered as per the sub limit specified.
• Permanent Total Disability (PTD) when occurs within 180 days from the date of injury is covered up to 100% of Principal Sum Insured.
• Permanent Partial Disability (PPD) when occurs during 180 days from the date of injury is covered up to the sub limit mentioned in the policy schedule.
• Temporary Total Disability (TTD) pays a weekly benefit amount after completion of the elimination period, as specified in the policy schedule. It is available as an add-on cover.
• In case of AD, Tuition Benefit is payable as per the sub limit specified. This benefit is payable to children who enrolls in an Institution of Higher Learning beyond grade 12 as a full-time for a maximum of 4 consecutive years or children aged 23 years, whichever comes first. This benefit is available as an add-on cover.
• In the event of death, cost incurred towards Repatriation of remains is payable. This benefit is available as an add-on cover.
• In case of a Permanent Total Disability or DismembermentThis benefit is available as an add-on cover.
• Insured children are provided with Double Dismemberment benefit. This benefit is available as an add-on cover.
• Family transportation expenses are reimbursed. This benefit is available as an add-on cover. This benefit is payable when the principal insured person is confined in a hospital located more than 150 kms away from his/her residence.

Value Added Benefits

• Option to enhance the Sum Insured at the policy renewal, provided it is as per underwriting guidelines of the company.
• Option to migrate to similar personal accident policy for dependents.
• Avail Escalation benefit. A 5% increase in Sum Insured on completion of each policy year, for continuous coverage under the policy. This benefit is available up to a maximum of 25% of the sum insured.
• Enjoy lifetime renewability and get policy coverage for the life.
• Worldwide coverage for personal accident is available.
• Pre-policy medical check up is not required under this policy.
• Assurance of payment of claim within 30 days of submission of relevant documents. In case of delay, interest is paid at a rate 2% above the bank rate.

Sub Limits

• Accidental Dismemberment is payable in a range of 25% to 100% of the Principal Sum Insured, depending on the loss/injury.
• Permanent Partial Disability is payable in-between 1% to 75% of Principal Sum Insured.
• Temporary Total Disability is capped up to Rs 1,000 per week, up to a maximum of 52 weeks. This benefit is not applicable under family cover.
• Tuition Benefit is capped up to actual tuition charge or 10% of Principal Sum Insured.
• Cost towards repatriation of remains is capped up to Rs 5,000.
• Cost of Home Alteration and Vehicle Modification is payable up to Rs 1 Lac.
• Family transportation expenses are payable up to Rs 50,000.

Waiting Period Clause

No waiting period is applicable.