Salient features

Key Benefits

• Reliance Individual Personal Accident Policy covers you against risks of accidents.

• It not only provides compensation to the family in case of the accidental death of the insured but also takes on the onus of providing the insured with compensation in case of injury, whether temporary or permanent.

• The sum insured increases by 5% for each completed claim-free year of insurance, subject to a maximum of a 50% increase.

• This policy can also be expanded to cover actual medical expenses arising out of the accident.

Policy Coverage

Reliance Individual Personal Accident Policy will cover you against:-

• Accidental Death – On the accidental death of the insured person, we will pay the family the capital sum insured.

• Permanent Total Disability – In the event of permanent total disability due to an accident, we will also pay the capital sum insured.

• Permanent Partial Disability – In case of a partial disability due to an accident, a specified percentage of the sum insured will be paid.

• Temporary Total Disability – If you are totally disabled by an accident for a limited period of time, the policy will pay you 1% of the capital sum insured per week, not exceeding Rs 5,000 per week.

Value Added Benefits

• Carriage of Dead Body – In the event of accidental death outside the residence, a lump sum of 2% of capital sum insured, subject to a maximum of Rs.2,500, will be paid towards transportation of the insured person's dead body to place of residence.

• Education Grant – We believe children need protection and nurturing. In the event of accidental death or permanent total disability for which a claim is payable, we also provide an education grant for the children of the insured. An amount equal to 10% of the capital sum insured, subject to a maximum of Rs 5,000, will be paid in the case of one dependent child below the age of 25 years. With two dependent children below the age of 25, an amount equal to 10% of the capital sum insured, subject to a maximum of Rs 10,000, will be paid.

Exclusions

The policy excludes cover for death or disablement due to:-

• Pregnancy or related consequence

• Any mental disorder

• Any pre-existing conditions / disabilities

• Needless exposure to peril, except in an attempt to save human life

• Intentional self-injury, suicide or attempted suicide

• Influence of intoxicating liquor or drugs

• Insured committing any breach of law with criminal intent

• War and nuclear perils

• Riots, Crimes, misdemeanor and felonies

Eligibility

• This policy can be issued to persons in the age group of 5 years to 70 years.
It can be extended to cover persons beyond the age of 70 years and up to 80 years on payment of suitable additional premiums.