TATA AIG Secured Income High Policy

Policy Benefits

• In the unfortunate event of accidental death, the amount is payable to the nominee as per the sub limit mentioned. This benefit is payable when loss of life occurs within 180 days from the date of injury.
• Dismemberment when occurs within 180 days from the date of the accident, is covered up to sublimit specified.
• Permanent Total loss of use of limbs resulting in Quadriplegia/Paraplegia is covered up to 100% of the sum insured opted.
• Daily hospital cash is payable on payment of additional premium. This benefit is payable up to 5 days started after completion of 3 days of continuous hospitalization. It is available as an add-on cover.

Value Added Benefits

• Sum insured enhancement is available at the policy renewal, as per underwriting guidelines.
• Lifelong renewal is available and stay covered against accidents.
• Payment of claim within 30 days of submission of all the relevant documents and in case of delay, the claim amount is paid along with the rate of interest applicable 2% above the bank rate.
• Enjoy 24 hours a day & 365 days a year worldwide cover for accidents.

Sub Limits

• In case of accidental death, a lump sum amount equal to 10% of the sum insured is payable and then the remaining cover amount is paid as monthly installments for the next 5 years.
• Dismemberment is capped for 50% to 100% of the sum insured, depending on the loss/injury sustained.
• Daily hospital cash is capped in-between Rs 500 to Rs 2,000 as per plan opted.

Waiting Period Clause

No waiting period is applicable.