Chola Accident Protection Insurance Plan – Chola Accident Protection Insurance Plan 2024 is designed to provide protection for individuals and businesses in the event of a serious accident. With Chola APIP, you can be sure that you and your loved ones are taken care of in the event of a tragedy. If you’re interested in learning more about Chola APIP, or if you need help finding the right policy for your needs, please contact us today. We would be happy to discuss your options with you and help choose the best policy for your needs.
The Chola Accident Protection Policy provides financial protection for you and your family in the event of an accident or other unfortunate circumstance. The policy guarantees that your family will receive the necessary assistance during difficult times. People between the ages of six months and 69 are covered by the policy. The company may, based on merit, cover people who are older than that. The Accident Protection Policy has a one-year term and can be purchased for an individual or a family. You can get coverage from the policy for a variety of sum insured options that start at as little as Rs. 5 Lakh, increasing to Rs. 1 crore.
Chola Accident Protection Insurance Plan 2024
Chola Accident Protection Insurance Plan 2024 is designed to provide protection for individuals and businesses in the event of a serious accident. With Chola APIP, you can be sure that you and your loved ones are taken care of in the event of a tragedy. If you’re interested in learning more about Chola APIP, or if you need help finding the right policy for your needs, please contact us today. We would be happy to discuss your options with you and help choose the best policy for your needs.
The Chola Accident Protection Policy provides protection in the event of the insured person’s accidental death as a result of an accident, accidental injury resulting in permanent total disability, or accidental injury resulting in permanent partial disability. The policy also provides you with additional benefits, such as weekly compensation for broken bones, modifications to your residence or vehicle, family transportation benefit covers, private tuition fee, daily hospital cash, repatriation of deceased persons’ remains, cost of cremation, and other similar protections. In a nutshell, the policy provides peace of mind, is reasonably priced, and makes an investment in the safety of our family.
Chola Accident Protection Insurance Plan Details
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Cholamandalam Chola Accident Protection Insurance
In this blog post, we will discuss the different types of accident protection insurance that are available to victims of the accident and help you decide which option is best for you. We will also provide information on how to make a claim and how the process works. So if you have been affected by the Cholamandalam Chola Accident, read on to learn more about the options available to you.
The policy offers is available for the Individual as well as family in case of any accident. It allows for weekly compensation due to disability/death and is available on a worldwide basis.
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Eligibility
- Minimum age- 18 years, maximum- 69 years.
- Dependent children (up to 25 years of age) are eligible under family option
| Category | Details |
| Age Group | Min Entry Age: 18 Years Max Entry Age: 69 Years for Proposer & Spouse Min Entry Age: 6 Months Max Entry Age: 25 Years for Dependent Children |
| Renewal Age | Life Long Renewal |
| Policy Tenure | 1 Year |
| Family Definition | Individual & Family – Self, Spouse and Dependent Children |
Chola Accident Protection Insurance Plan Policy Details
Chola Accident Protection Insurance Plan can help you protect yourself and your loved ones from the potential consequences. We’ll also provide tips on how to make the most of this insurance plan and ensure you’re getting the most out of its benefits. So if you’re looking for peace of mind after an accident, be sure to read this blog post.
Policy Benefits
- Involuntary Death: The nominee receives the insured sum if the insured passes away during the policy period.
- Total and permanent incapacity: A portion of the insured sum is protected against such disability if it persists for a full year.
- Compensation each week: Disability-related income loss is covered by compensation.
- Bones Broken: Treatment costs for fractures and accidental bone damage are covered by a fixed sum.
- Changes to one’s home or vehicle: In the event of a total and permanent disability, costs associated with owning a vehicle or modifying an accommodation will be covered.
- Benefit for Family Transportation: expenses to transport a family member in the event of the insured’s accidental death or total disability.
- Private tuition costs: If an insured student is unable to attend school or college as a result of an accident, the insurance company will pay for their tuition.
- Charges for ambulances: After an accident, the costs of hiring ambulances are covered.
Benefits for Family
| Sum Insured | 5 Lacs | 7.5 Lacs | 10 Lacs | 15 Lacs | 20 Lacs | 25 Lacs | 50 Lacs | 75 Lacs | 1 Crore |
| Accidental Death – Spouse | 2.5 Lacs | 3.75 Lacs | 5 Lacs | 7.5 Lacs | 10 Lacs | 10 Lacs | 10 Lacs | 10 Lacs | 10 Lacs |
| Permanent Total Disability – Spouse | 2.5 Lacs | 3.75 Lacs | 5 Lacs | 7.5 Lacs | 10 Lacs | 10 Lacs | 10 Lacs | 10 Lacs | 10 Lacs |
| Permanent Partial Disability – Spouse | 1.25 Lacs | 1.87 Lacs | 2.5 Lacs | 3.75 Lacs | 5 Lacs | 5 Lacs | 5 Lacs | 5 Lacs | 5 Lacs |
| Accidental Death – Per Child | 50000 | 75000 | 1 Lac | 1.5 Lacs | 2 Lacs | 2.5 Lacs | 5 Lacs | 5 Lacs | 5 Lacs |
| Permanent Total Disability – Per Child | 50000 | 75000 | 1 Lac | 1.5 Lacs | 2 Lacs | 2.5 Lacs | 5 Lacs | 5 Lacs | 5 Lacs |
| Permanent Partial Disability – per Child | 25000 | 37500 | 50000 | 75000 | 1 Lac | 1.25 Lac | 2.5 Lacs | 2.5 Lacs | 2.5 Lacs |
| Tution Fees Per Child – Rs. 250 Per Day | 5000 | 5000 | 5000 | 5000 | 5000 | 5000 | 5000 | 5000 | 5000 |
| Cumulative Bonus | 5% on renewals up to maximum of 3 years of period | ||||||||
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Features For Inclusions and Exclusions of the Plan
Before you can start creating a business plan, you need to understand the key terms and concepts that will be included in your plan. In this blog post, we will discuss the key inclusion and exclusion of the business plan. We will also provide an overview of the different types of plans available and explain which one is best for you. By understanding the key elements of a business plan, you can start creating a blueprint for your future success.
What’s Included?
- Coincidental demise of the guaranteed because of a mishap
- Coincidental injury causing Long-lasting Complete Incapacity
- Extremely durable Fractional Handicap emerging because of inadvertent injury
- Week by week remuneration for loss of pay because of handicap brought about by a mishap
- Fixed remuneration in the event of bone fracture(s) because of a mishap
What’s Not Included?
- Deliberate or self-incurred injury like self destruction or any endeavor of self destruction
- The safeguarded committing break of regulation isn’t covered under the arrangement
- War, attack, catch, demonstration of unfamiliar adversary, revolt, nationwide conflict, capture, disobedience, and so forth
- Cooperation in maritime, military or aviation based armed forces tasks
- Misfortune maintained or contracted because of the safeguarded being inebriated
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Exclusion – Chola MS Accident Protection Plan
Inadvertent Substantial Injury which the guaranteed meets with as recorded underneath won’t be covered:
- Self destruction, endeavored self destruction or self incurred injury or sickness.
- Affected by alcohol or medications.
- Emerging or coming about because of the safeguarded person(s)
- Carrying out any break of regulation with criminal goal.
- Pregnancy, coming about labor, premature delivery, early termination, or confusions emerging out of these.
- Thermal power, radiation, and so on.
- Clinic Money: Pays a day to day stipend as expressed in the strategy plan for the occasion of hospitalization either because of disorder or mishaps
- Bringing home of remains: Costs against burial service or bringing home of stays, in the event of death of the protected in outside nation are borne.
- Costs because of self destruction/self-incurred injury, physically communicated infections, mental/anxious turmoil, nervousness or gloom.
- Wounds because of association in war, attack or psychological militant action contribution
- Support in winter sports, sky plunging, scuba jumping or related sport exercises.
- Openness to radioactive substances or sicknesses because of inebriation
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