userHere’s a summarized overview of the Family Accident Care Insurance Policy and its key features:
Plan Essentials
1. Floater Policy: A single policy covers the entire family against financial risks arising from accidents.
2. Policy Term: Can be opted for 1 year or 2 years.
3. Entry Age:
Coverage available for individuals aged 16 days to 65 years.
Dependent children can continue the policy until 25 years, while adults can continue life-long.
4. Sum Insured:
Minimum: ₹1,00,000.
Maximum: ₹50,00,000 (in multiples of ₹50,000).
Important Highlights
1. Lump Sum for Accidental Death: Provides 100% of the Sum Insured in the event of the insured person’s death within 12 months from the accident date.
2. Permanent Total Disablement: Provides 100% of the Sum Insured for permanent total disablement occurring within 12 months from the accident date.
3. Premium Rate:
1-Year Policy: ₹75 per lakh (excluding GST).
2-Year Policy: ₹145 per lakh (excluding GST): Applicable for a family size of up to 2 adults + 3 children.
4. Life-Long Renewal: The policy can be renewed for life.
Refer to Policy Documents
For complete details, terms, and conditions, review the official policy documentation.
FAQs
Rahul Khanna
