Chola MS Accident Protection Plan

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Chola MS Accident Protection Plan

Objective		A personal accident policy that aims at providing financial respite in event of accidental death or disability.
Suited for		Any individual may buy a personal accident cover but, it is must for those who are frequent drivers or are engaged in high risk job profiles such as field engineers and manual workers.
What does it do?		It is a traditional standalone personal accident policy that cannot be bought online. It covers accidental death, permanent total disability, permanent partial disability and temporary total disability. The cover does not end here. It includes other accompanying expenses such as broken bone, transportation of mortal remains, ambulance charges and family transportation benefit. Home or vehicle modification required in case of permanent partial disablement is also covered. It also provides a daily cash allowance for each day of hospitalisation. Another useful allowance is fee for private tuition if the insured is unable to attend school or college.
Pros		A high sum insured of upto Rs 25 lakh is available.
Our View		Rising cases of accidents have made it imperative to buy a personal accident cover. Accidental policies are available at a very low price and your insurance portfolio must contain one if your job requires you to undertake risk. Disability is a more evil condition that causes loss of income while medical bills continue to swell. Cover for incidental expenses makes it a more comprehensive policy. This policy is recommended for those who are willing and comfortable buying through traditional channels involving middlemen.
Eligibility
Entry Age (years)
Minimum	18; 6 Months for Children
Maximum	69; 18 for Children ( 25, if pursuing higher education)
Coverage Type	Individual/ Family
Policy Term (years)	1
Sum Insured (Rs)
Maximum	25 lakh
Minimum	5 lakh
Policy Termination	Insurer may terminate the policy by giving a 7 days notice. Policyholder may also cancel the policy. Insurance company will return the premiums on pro-rata basis only if no claim has been made.
Customer Service
Address	Registered Office:Cholamandalam MS, General Insurance Company Ltd, 2nd Floor, "Dare House", No.2, NSC Bose Road, Chennai - 600001, India
Mail to	customercare@cholams.murugappa.com
Call to	044-3044 5400, 1800-200-5544 (Toll Free)
SMS	SMS "CHOLA" to 56677
Network Hospitals	Http://www.cholainsurance.com/nwhosp/

 

Scope of Cover
Accidental Death	pays 100% of sum insured
Permanent Total Disability	pays 100% of sum insured
Permanent Partial Disability	pays benefit from 2% to 50% of sum insured
Broken bones	pays from 3% upto 100% of sum insured
Temporary Total Disability	pays 1% of sum insured subject to maximum of Rs 10000 for maximum 100 weeks
Transportation of mortal remains	pays lower of upto 3% of sum insured or Rs 6000
Ambulance charges	covered upto Rs 1000
Religious ceremonies at the time of cremation or later	covered for lower of actual cost or Rs 5000
Modification of residential acomodation or vehicle	pays for expenses in event of Permanent Total Disability
Family transportation to the Insured's place	pays expenses in case of accidental death or permanent total disability
Fee for private tuition	pays a per day benefit if insured is unable to attend school or college
Accidental Hospital Daily Cash	pays a daily cash allowance for each day completed in hospital

 

Exclusions and Waiting Period
Pre-existing diseases	not covered
Waiting period	first 3 days of fees for private tuition
Other exclusions	AIDS/ HIV, mental disorders and related conditions

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