TATA AIG Income Guard Plan

Policy Benefits

• Accidental death arising from bodily injury within 365 days from the date of such injury is covered up to the sub limit applicable.
• Accidental dismemberment caused due to a bodily injury within 365 days from the date of such injury is covered up to a specific percentage of the principal sum insured as mentioned in the sub limit. If more than one loss results from any one accident, only one amount, the largest one will be paid.
• Permanent Total Loss of Use when occur within 365 days from the date of the accident is covered up to a percentage of the principal sum insured as specified in the sub limit.
• In the event of accidental death, Tuition Benefit is payable to dependent children. This benefit is payable to children who enrolls in an Institution of Higher Learning after grade 12 as a full-time for a maximum of 4 consecutive years or children aged up to 23 years whichever happens earlier.
• Cost incurred towards Home Alteration & Vehicle Modification is payable as specified in the policy schedule. This benefit is paid, in case such expenses are incurred within one year from the date of the accident.
• Repatriation Benefit is provided, in case of accidental death of the insured and his/her residence is more than 150 kms away from the place of accident.
• Expenses incurred towards Family Transportation for one member of the immediate family are reimbursed, in case of Accidental Death and Dismemberment. This benefit is payable when an insured person is hospitalized which is more than 150 kms away from his/her place of residence.

Value Added Benefits

• Lifelong renewability can be opted for this plan.
• Sum Insured Enhancement can be opted at the time of renewal of the policy, provided it is as per underwriting guidelines.
• Option to migrate to similar individual personal insurance policy for dependents.
• Avail 24x7 worldwide coverage against accidents.
• Payment of claims within 30 days from the date of submission of all relevant documents. In case of any delay, company assures you to pay the claim amount with an interest rate above 2% of the prevailing bank rate.
• Enjoy easy & Simple enrollment Procedure.

Sub Limits

• Accidental death is covered up to 100% of the principal sum insured. For an insured person aged below 17 years or below, up to 10% of the principal sum insured is payable.
• Accidental dismemberment is covered in a range of 50% to 200% of the principal sum insured, depending on the loss/injury.
• Permanent Total Disability is covered up to 100% the principal sum insured.
• Permanent and incurable Paralysis of all limbs/Permanent Total loss of sight of both eyes/Permanent Total loss of use of two limbs are covered up to 100% the principal sum insured.
• Permanent partial disability is covered in a range of 1% to 75% of the principal sum insured.
• Tuition Benefit is capped up to actual tuition charges or 10% of the sum insured.
• Repatriation Benefit is capped up to actual expenses incurred for cremation and shipment of the body to his/her city of residence, to a maximum of Rs. 5,000.
• Family Transportation expenses are capped up to actual charges incurred, not exceeding Rs 25,000.

Waiting Period Clause

No waiting period is applicable.