Benefits of Universal Sompo Swarna Gramin Bima Yojana (Group) Policy
Benefit under section A
Section 2- Critical Illness
The following Critical Illnesses and Surgical Procedures shall be covered up to the Sum Insured:
Section C- Hospital Cash
This column shows you the options you have as paid amount upon hospitalization, subject to your minimum hospital stays of 2 days.
Double Benefit – If the insured person is admitted in an ICU, the amount mentioned in the optio0ns listed above shall be subsequently doubled for the maximum stay of 7 days.
Premium details of Universal Sompo Swarna Gramin Bima Yojana (Group) Policy
1. Basic Premium Rate for Personal Accident
2. Basic Premium Rate For Critical Illness
3. Basic Premium for Section – Hospital Cash ( for 30 days)
*The above rates may change. Please check the policy wordings for more details.
Discount under the Policy – Group discount as per below when the number of persons covered under the Policy exceeds 25.
Tax Benefit – Avail of tax benefit under section 80D of Income Tax Act on the premium applicable for Critical Illnesses & Surgical Procedures cover.
Policy Details of Universal Sompo Swarna Gramin Bima Yojana (Group) Policy
Free Look period – You will be allowed a period of at least 15 days from the date of receipt of the Policy to review the terms and conditions of the Policy and to return the same if not acceptable
Sum Insured enhancement – The Sum Insured under the Policy can only be enhanced on renewal subject to approval from underwriter.
Renewal – Your Policy shall ordinarily be renewable for lifetime except on grounds of fraud, moral hazard or misrepresentation or non-cooperation by you/ any of the Insured Persons.
How to cancel Universal Sompo Swarna Gramin Bima Yojana (Group) Policy?
By You: You may terminate this Policy at any time by giving us written notice, and the Policy shall terminate when such written notice is received. If no claim has been made under the Policy, then we will refund premium in accordance with the table below:
By Us: We may at any time terminate this Policy on grounds of misrepresentation, fraud, non-disclosure of material facts or non-cooperation by you or any Insured Person or anyone acting on your behalf or on behalf of an Insured Person upon 30 days notice by sending an endorsement to your address shown in the Schedule without refund of premium.
Documents Required for Universal Sompo Swarna Gramin Bima Yojana (Group) Policy
In case of Death
Post Mortem Report (certified copies) – as applicable
F.I.R. or Death report or Inquest Panchnama (in original or certified copies)
Spot Panchnama (certified copies)- if applicable
Death certificate (in original or certified copy)
In case of Permanent Total Disablement/Permanent Partial Disablement
Disability certificate – Authorized Medical Practitioner of the district/ units concerned, (certificate) stating percentage of disablement
F.I.R. and Panchnama wherever applicable (original or certified copies)
Investigation reports like laboratory test, X-rays and reports essential of confirmation of the type and percentage of disability
Original medical bills
In case of Critical Illnesses and Surgical Procedures
Original Bills or their copies (including but not limited to pharmacy purchase bill, consultation bill, diagnostic bill and any attachments thereto like receipts or prescriptions in support of any amount claimed)
All reports, including but not limited to all medical reports, case histories, investigation reports, treatment papers, discharge summaries.
A precise diagnosis of the treatment for which a claim is made.
A detailed list of the individual medical services and treatments provided and a unit price for each.
In case of Hospital Cash
Photo copy of bills, receipt and discharge certificate/card from the Hospital.
Photocopy of F.I.R. copy in case of an accident.
Complete set of Hospital/medical records
Eligibility Criteria For Universal Sompo Swarna Gramin Bima Yojana (Group) Policy
Entry age for the proposer is 18 years and he can opt for this policy up to the age of 65 years.
Entry age for dependent children is 6 months.
Maximum of 2 Adults and 2 Dependent Children (up to 25 years of age) can be covered under the Policy.