In case of injury resulting in loss of life of the Insured within one calendar year after the date of Accident, the company will pay the Principal Sum Insured
In the event of an Injury causing a Permanent Total Disability to the Insured and such disability continues for a period of twelve (12) consecutive months, this policy will pay compensation of a maximum of 100% of the Principal Sum Insured
In the event of an injury causing a permanent partial disability to the Insured listed in the policy and such disability continues for a period of twelve (12) consecutive months, this policy will pay compensation of 2% to 60% of the Principal Sum Insured depending upon the disability.
The policy provides weekly compensation (1% of Principal Sum for the benefit or ₹5,000, whichever is lower, for a maximum 100 weeks) to the Insured in the event that the Insured is totally disabled for a temporary period due to an accident.
Insured will be reimbursed the cost of treatment and the use of hospital facilities for the treatment of injury. The compensation under this benefit is lower of the 40% of the admissible claim amount or 10% of the Principal Sum Insured and the actual medical expenditure.
In the unfortunate event of loss of life or permanent total disability due to accidental injury, the policy provides compensation of 10% of Principal Sum Insured up to a maximum of ₹25,000 towards education benefit.
Permanent Total Disability arising from an accident could sometimes demand a change in lifestyle. In order to meet these requirements, the Insured might have to invest in or modify an existing vehicle or invest in making some changes in the house (shifting to ground floor or change in staircase). Chola MS shall reimburse 10% of the Principal Sum up to a maximum of ₹50,000 towards this.
The Policy will reimburse up to ₹1000 for ambulance hiring charges in the event of an accident.
The policy reimburses up to 3% of Principal Sum up to a maximum of ₹6000 to the family, towards the cost of moving the mortal remains from the accident site to hospital, residence or cremation grounds
The Personal Accident Insurance from Chola MS offers cover for specified fractures in the event of an accident. The Principal Sum under this can be 10% of Principal Sum under Death Cover or a maximum of ₹50,000. The benefit payable is as per the percentage of sum insured specified in the policy:
The actual coverage under the policy shall vary based on the covers opted by the Insured.
Please refer to the Policy Wordings for the complete scope of coverage, exclusions and terms and conditions of the policy.
* Conditions apply.
UIN no. IRDA/NL-HLT/CHSGI/P-H/V.I/49/13-14
Cholamandalam MS, a General Insurance Company in India, offers a wide range of insurance policies for individuals and corporates.
For individuals, there are products like Car Insurance, Travel Insurance, Two Wheeler Insurance, Health Insurance, Personal Accident Insurance, Crop Insurance and Home Insurance. For SME's and Corporate Insurance clients, Chola MS offers customized insurance solutions encompassing insurance and risk consulting services such as Group Mediclaim Insurance, Group Personal Accident Policy, Engineering Projects Insurance, Engineering Operations Insurance, Liability Insurance, Marine Insurance, Fire Insurance and other Miscellaneous Insurance Solutions.
All Rights Reserved. Cholamandalam MS General Insurance Company Ltd. Insurance is the subject matter of solicitation. Reg office: 2nd Floor, "Dare House", No.2, NSC Bose Road, Chennai - 600001, India. IRDAI Registration Number : 123. Trade logo displayed above belongs to ‘CHOLAMANDALAM FINANCIAL HOLDINGS LIMITED” (formerly known as TI financial holdings limited) and Mitsui Sumitomo Insurance Company Limited and used by Chola MS under license. CIN : U66030TN2001PLC047977.
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