Benefits-tata-aig-accident-guard-plan

ata AIG Accident Guard provides cover for the following: Plan 1: Accidental Death & Dismemberment Plan 2: Accidental Death & Dismemberment & Permanent Total Loss of Use(including PTD) Add on Benefit (Optional): Accidental Weekly Benefit (up to 52 weeks) Family Option: If the plan is taken for family cove,r the following benefits can be availed: Education allowance: 10% of principal sum insured/actual tuition fee of institution whichever is lower, is borne for childrens education in case of accidental death. Repatriation of remains: Repatriation expenses subject to a maximum of Rs. 5,000 are borne. Modification allowance: A maximum of Rs. 1, 00,000 is borne as an expense towards renovation of house or vehicle in case of Permanent Total Disability or Dismemberment. Double Dismemberment benefit: For children who are automatically insured, Dismemberment benefit is doubled. Family transportation: In case of hospitalisation outside 150 kms of residence, expenses of transportation of immediate family member is borne subject to maximum of 50000 INR. Additional Benefits: Escalation Benefit – The principal is increased by 5% every year subject to no interruption in coverage up to a 25%. Renewal Benefits Lifelong renewability: No maximum cover ceasing age in this policy Grace Period of 30 days for renewing the policy, waiting periods as mentioned in the policy wording gets reduced by 1 year on every continuous renewal. Sum Insured Enhancement: Any change in benefits or premium (other than due to change in age) will be done with the approval of IRDA and will be intimated at least 3 months in advance at the time of renewal. Free Look Period: A period of 15 days after date of receipt of policy to review terms and conditions during which insured can cancel it with due refunds. Portability: If the insured wishes to migrate to another Insurer towards renewal, he can draft an application at least 45 days before the date of renewal.