Chola Accident Protection Plan

Policy Benefits

• Accidental death if occurs within 12 months from the date of injury is covered up to the sum insured opted.
• Permanent total disability (PTD), when occurs within 12 months from the date of injury is covered up to 100% of the Sum Insured (SI).
• Permanent partial disability (PPD), when occurs within 12 months from the date of injury is covered up to a specific percentage of SI as provided in the sub limits.
• Repatriation of mortal remains is covered under this policy.
• Cost of Cremation Ceremony is payable up to the limits specified.
• Broken bones/treatment of fracture is covered in this policy.
• Cost incurred towards modification of residence/vehicle is reimbursed.
• Family transportation benefit is applicable under this policy.
• Fee for private tuition is covered, if the insured is a school/college student
• Hospital daily cash is available as an add-on cover. This benefit is payable up to 30 days.
• Temporary total disability (TTD) is covered up to the limits specified in the policy. It is available on payment of additional premium. This benefit is payable for a maximum of 100 weeks.

Value Added Benefits

• Ambulance hiring charges following an accident are reimbursed as mentioned under the policy schedule.
• Accidents occur anywhere in the world are covered.
• Sum Insured Enhancement can be availed at the policy renewal, on acceptance of the company.
• Get cumulative bonus which is a 5% increase in sum insured for AD, PTD & PPD up to a maximum of 3 claim-free policy years.
• Policy coverage is available to the insured and his/her spouse and the two children.

Sub Limits

• Permanent partial disability is payable in-between 2% to 60% of SI opted. It is payable up to Rs 2.5 Lacs to Rs 50 Lacs, as per the sum insured opted. For spouse, it is covered in a range of Rs 1.25 Lacs to Rs 5 Lacs. For each child, it is covered in a range of Rs 25,000 to Rs 2.5 Lacs.
• Temporary total disability is covered up to 1% of the capital sum insured, subject to a maximum of Rs 10,000 per week. It is a weekly benefit and payable up to Rs 5,000/week for SI 5/7.5/10/15/20/25 Lacs and Rs 7,500/week for SI 50L/75L/1 Crore.
• Accidental death for spouse is covered in a range of Rs 2.5 Lacs to Rs 10 Lacs. For each child, it is covered in a range of Rs 50,000 to Rs 5 Lacs.
• Permanent total disability for spouse is covered in a range of Rs 2.5 Lacs to Rs 10 Lacs. For each child, it is covered in a range of Rs 50,000 to Rs 5 Lacs.
• Repatriation of mortal remains are payable up to 3% of AD Sum Insured or Rs 6,000 as a lumpsum, whichever is less.
• Cost of Cremation Ceremony is covered up to the actual cost or Rs 5,000 as a lumpsum, whichever is less.
• Ambulance charges are covered up to Rs 1,000 subject to submission of the bill.
• Broken bones are payable in-between 3% to 100% of SI, depending on the condition. It is payable up to Rs 50,000 for SI 5/7.5/10/15/20/25 Lacs and Rs 1 Lac for SI 50L/75L/1 Crore.
• Modification of residence/vehicle is payable up to Rs 1 Lac for SI 5/7.5/10/15/20/25 Lacs and Rs 2 Lacs for SI 50L/75L/1 Crore.
• Cost incurred towards family transportation is covered up to Rs 5,000 for SI 5/7.5/10 Lacs, Rs 10,000 for SI 15/20/25 Lacs, and Rs 15,000 for SI 50L/75L/1 Crore.
• Hospital daily cash is payable up to Rs 500/day for SI 5/7.5/10/15/20/25 Lacs and Rs 1,000/day for SI 50L/75L/1 Crore.
• Tuition fee per child of Rs 250/day is payable up to Rs 5,000.

Waiting Period Clause

No waiting period is applicable under this policy.