Section IX: Personal Accident
The Insured, his spouse and his children, all between the age of 5 and 70 years can be covered under this section.
The insurance covers death, permanent total disablement, permanent partial disablement and Temporary total disablement.
Additional Benefits:
1. Expenses incurred for carriage of dead body of Insured (death due to accident only) to place of residence subject to a maximum of 2% of Capital Sum Insured of Rs.1,000/- whichever is lower.
2. Medical expenses arising out of an accident up to 10% of Capital Sum Insured or 40% of the admissible claim whichever is lower against an additional Premium of 20% of basic Premium.
Rate of premium:
Ranging from Rs. 0.40 to Rs.3.00 per mille (for details Please refer Policy literature for our Personal Accident Policy).
Section X: Public Liability
a) The Insured is indemnified in respect of legal liability up to a limit of Rs.25, 000/-
b) The Insured is indemnified against the compensation to his employees that he becomes legally liable to pay under the Workmen's Compensation Act 1923, Fatal Accidents Act, 1855 or at Common Law in respect of death of or bodily injury to such employees arising out of and in the course of employment.
Rate of Premium:
Public liability - 0.50 per mille.
Workmen´s compensation - as per Workmen Compensation tariff. Important
The minimum premium for Section I is Rs.10/- and for other Sections Rs.5/- each.
Section I-b is compulsory and out of the remaining nine sections, any two should be opted for as minimum requirement.
Group Discount
1. Where more than 4 and up to 15% of non-tariff 6 sections (including tariff premium only Rated sections) are availed.
2. Where more than 6 sections 20% on non-tariff (Including tariff rated premium only Sections) are availed.
(Section I and Section X are the tariff sections)
5% Service Tax shall be charged on final premium.
