Apollo Munich Individual Personal Accident - Premium Plan

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Apollo Munich Individual Personal Accident- Premium

	Objective			This is accidental policy, unlike basic accidental policies, covers accident inpatient hospitalisation, broken bones, transportation of imported machine, purchase of blood, modification of residence or vehicle in case of total permanent disability. It aims at providing a complete insurance against monetary loss due to an accident.
Suited for			This policy is suitable for anyone up to 69 years of age. Every individual must have an accidental cover. It offers a cover up to 5 crores. Though the premiums are slightly higher due to wide coverage of the policy, they are still affordable and economical.
What does it do?			It claims to immune against financial losses incurred due to accidental death or disablement, whether partial or total. Unlike basic accidental policies, accidental inpatient hospitalisation expenses are covered. It also covers ambulance cost to transfer insured person from site of accident to hospital or from hospital to home, family transportation to hospital and transportation of mortal remains to home or burial or cremation ground. It allows a certain lump sum amount to support the education cost of children in case of permanent total disability or unfortunate demise of insured person. Education funding is allowed for maximum two children. Additionally it covers fractured bones, transportation of imported machines, purchase of blood and modification of residence or vehicle if claim was accepted for permanent total disablement. Each benefit is capped at specific percentage of sum insured and will be paid depending on the nature and severity of condition.
Pros			Policyholder enjoys a cumulative bonus of 5 per cent for every claim-free year up to maximum of 50 per cent of basic sum insured. Family discount of 10 per cent is applicable if two or more members are covered.
Cons			Cumulative bonus reduces to zero in the following year when claim has been made. Maximum allowance under each benefit is capped. It does not provide any tax relief.
Our View			Rise in accident cases has increased the need and importance of personal accident covers. This is a worthy plan as it also covers expenses related to accidental death or disability. Though there is ceiling on each benefit, it reduces the financial burden to a great extent. Moreover, it is advised to furnish correct and true occupation details to avoid trouble at the time of making claim, just in case.
Eligibility
Entry Age (years)
Minimum		18; 3 months for children
Maximum		69
Maximum Policy Renewal Age (years)		70
Coverage Type		Individual
Policy Term (years)		1
Sum Insured (Rs)
Maximum		5 crore
Minimum		5 lakh
Tax Benefit		Not Available
Discount		Family discount of 10% is applicable if 2 or more family members included
No Claim Bonus		5% increase in Sum Insured would be applicable for every claim free years till it reaches to a maximum of 50% of initial Sum Insured. a cumulative bonus has been applied and a claim is made, then in the subsequent Policy Year the cumulative bonus will automatically reduce to zero in that following Policy Year. It is applicable only to Accidental death, Permanent Total Disability and Permanent Partial Disability Sum Insured.
Policy Termination		Insurance company may terminate the policy by giving a written notice of 30 days. Policyholder is allowed to terminate the policy at anytime by giving a written notice. In case no claim has been made under the policy, percentage of premium will be refunded
Customer Service
Address		Apollo Munich Health Insurance Company Limited Corporate Office: 10th floor, Tower B, Building No. 10, DLF Cyber City, Phase -II, Gurgaon, Haryana-122002 Registered Office: Apollo Hospital Complex, Jubilee Hills, Hyderabad - 500033
Mail to		customerservice@apollomunichinsurance.com
Call to		1800-102-0333
Network Hospitals		Http://www.apollomunichinsurance.com/our-hospital-network.aspx

 

	Scope of Cover
Accidental Death (AD)		Covered; pays Sum Insured
Permanent Total Disablement [PTD]		Predetremined percentage of Sum insured depending on nature of permanent total disablement
Permanent Partial Disablement [PPD]		Predetremined percentage of Sum insured depending on nature of permanent partial disablement
Temporary Total Disablement		weekly benefit upto maximum of 100 weeks. 1% of the Sum Insured for each week; maximum Rs 15 lakh
Emergency Ambulance		Up to Rs 2,000
Family Transportation to hospital (atleast 200 kms away) where insured is admitted		1% of AD Sum Insured; max Rs. 100000 . Restricted to one immediate member
Transportation of Mortal Remains		2 % of AD Sum Insured; maximum Rs. 10,000
Education Fund		allowed upto 2 children. 10% of Accidental Death Sum Insured upto a maximum of Rs 20000
Temporary Total Disablement		100% of AD Sum Insured; max Rs. 15,00,000
Accident Medical Expenses		Covered
Broken Bones		20 % of AD Sum Insured; max Rs.1,00,000
Transportation of Imported Medicine		5 % of AD Sum Insured; max Rs 20,000
Purchase of Blood		5 % of AD Sum Insured; max Rs 10,000

Modification of Residence/Vehicle	10 % of AD Sum Insured; max Rs 1,00,000
Accidental Hospitalisation (In-patient)	Rs. 1,00,000

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