IFFCO Tokio Personal Accident Plan 2024 Benefits, Features, Buy & Reviews

Why Personal Accident Insurance Cover?

In today’s scenario, lives are in constant danger. Risk of accidents while driving, at work, while traveling and at home. These unfortunate events can create an inevitable financial burden on us and our families. Life insurance is necessary to cover the risk of death, and health insurance covers all illnesses. is necessary to Just as personal accident insurance exists to protect you from accidental injury or death.

All career starters should opt for accident insurance. In particular, those with loans should definitely opt for these policies as they provide financial support to pay off the loan in the event of a work-disrupting accident. Under this insurance, the insurance company will pay compensation in the event of death or residual disability due to an accident.

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Personal Accident insurance Plans offered by IFFCO Tokio:

IFFCO Tokio offers personal accident insurance plans that cover a wide range of risks, from injuries sustained during a bicycle ride to injuries sustained while working. These plans are designed to help you and your family in times of need, and they come with a number of benefits. Here are five of the best features of IFFCO Tokio’s personal accident insurance plans.

IFFCO Tokio offers personal accident insurance cover with varied features. Different plans offered by the company are:

• Individual Accident Insurance Policy
• Group Personal Accident Insurance Policy

Individual Accident Insurance Policy by IFFCO Tokio:

IFFCO Tokyo offers comprehensive accident coverage products. This product provides protection against all accidental events that may result in bodily injury or death to the insured. This policy provides full financial protection in the event of an untimely death of the insured family member. This policy also provides financial protection in the event that the insured person sustains physical injury in an accident which could result in complete or permanent disability. We provide a portion of the insurance amount depending on the type of injury and disability.

Salient Features IFFCO Tokio Personal Accident Plan:

• According to the policy, the company will provide coverage in the event that the insured person suffers sole and direct death or personal injury as a result of an accident caused by violent, external or visible means.
• In the event of the insured’s death, her 100% of the insured amount will be paid to the insured’s legal representative, assignee or authorized representative.
• If the insured suffers a residual disability or severe disability, her 100% of the insured amount will be paid.
• Your family can also be protected with this plan.
• This insurance also covers the cost of transporting the body from the scene of the accident to the hospital. If the insured person dies or becomes permanently disabled, child support will be paid for up to two children.

Other Benefits:

• If you lose part of your limbs due to an accident, etc., the company will pay 5% to 40% of the insurance amount depending on the type of disability.
  1% of the sum insured will be paid for total temporary disability subject to a maximum of Rs. 6000/- per week.

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• Education Benefits – Educational funds up to a specified limit if the insured person dies or is permanently disabled or loses a limb or eye. This fund helps children to continue their studies without financial problems if their parents have an accident.
• Unemployment Benefits – If the insured suffers complete or permanent disability, or loss of vision or limbs as a result of an accident, he/she will receive monetary compensation up to a specified limit.
• Ambulance Benefit – This policy pays for the costs of an ambulance used by the insured to reach the hospital. Fees are paid up to the specified limit. Cumulative Benefits –
• The amount insured under your personal or family policy is automatically increased upon renewal up to a specified limit without paying an additional premium.
• Carcass transport costs – This policy also covers the costs of transporting a corpse from the scene of the accident to the hospital.
• Damage to clothing – In case of accident he will be paid Rs 1000 per person or the actual cost, whichever is lower, for damage to clothing due to the accident.

Extension:-

For additional premium payments, this policy may be extended to cover medical expenses incurred in treating an injury if billing is otherwise permitted under the policy.

Indian Personal who are working abroad:-

Private companies in India and professionals working abroad can also opt for this policy after paying an additional premium.

• Under normal conditions an additional premium of 50% will be charged.
  An additional premium of 200% will be charged during any worrying or disruptive condition.

Cost of Travel:

This insurance extends to cover the travel expenses of a person who may be a friend, relative or colleague of the insured to the insured as a result of an accidental injury, up to a specified limit. may be In addition, we will compensate the injured insured person’s return trip expenses up to a certain amount.

Cost of Supporting Item:

In addition, in the event of an accident, we will cover the cost of purchasing assistive devices such as artificial limbs, tricycles, wheelchairs, stretchers, crutches, etc. that are deemed necessary by a doctor to sustain the life of the insured. The maximum liability of the company is limited to Rs 10000/- or his 2% of the insured amount or actual cost, whichever is lower.

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Exclusions:

• It does not provide any level of rights in the event of death of the insured as a result of self-harm, suicide or attempted suicide.
• It does not stipulate the amount of damages in the event that the insured person dies due to drunkenness or drug ingestion.
• No benefit level will be awarded in the event of death or injury to the insured due to uninsured illness.
• If the insured has broken the law for criminal purposes, the claim will be dismissed.
• It does not provide any level of rights if the insured’s death is due to pregnancy. If the insured person’s death is due to HIV/AIDS, they will not be eligible.

Group Personal Accident Insurance Policy by IFFCO Tokio:

Group personal accident insurance is an important policy for businesses. Not only does it protect employees from personal injury in the event of an accident, but it can also provide financial assistance if an employee is unable to work because of the accident. IFFCO Tokio offers a wide range of group personal accident insurance policies that are perfect for businesses of all sizes. We have policies that cover accidents at work, as well as accidents outside of the workplace. Contact us today to find out more about our range of group personal accident insurance policies.

Salient Feature:

• Death or disability due to sickness or disease is not covered by insurance. This accident insurance only covers death or permanent disability, loss of limbs or vision as a result of external, violent and visible accidents.
• This guideline is intended for companies, clubs, clubs and businesses. This can be provided on an individual named basis or on an unnamed basis including all members.
• Group accident insurance is available at favorable premium discounts depending on the size of the group. The policy is based on a 24-hour response.
• If your coverage is limited to on-the-job or off-the-job only, the company will give you a favorable discount.

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Coverage under Group Accident Insurance Policy:

As result of any one accident, the person can claim under any one of the below mentioned sections.

 Ad on Covers IFFCO Tokio Personal Accident Plan:

If you’ve been affected by a personal accident, now is the time to contact IFFCO Tokio. With their personal accident plan, you can get the financial help you need to get back on your feet. Covering expenses such as medical bills, lost wages, and more, this plan is designed to help those who have been hurt in an accident. Contact IFFCO Tokio today to learn more about their plan and how you can be eligible for it.

• Education Benefits – Educational funds up to a specified limit if the insured person dies or is permanently disabled or loses a limb or eye. This fund helps children continue their studies without financial problems if their parents have an accident.
• Unemployment Benefits – If the insured suffers complete or permanent disability, or loss of vision or limbs as a result of an accident, he/she will receive monetary compensation up to a specified limit.
• Ambulance Benefit – This policy pays for the costs of an ambulance used by the insured to reach the hospital. Fees are paid up to the specified limit.
• Carcass Transport Cost – This insurance also covers the cost of transporting a corpse from the scene of the accident to your place of residence up to Rs 2500/- or 2% of the sum insured, whichever is lower.
• Damage to clothing – In case of accident he will be paid Rs 1000 per person or the actual cost, whichever is lower, for damage to clothing due to the accident.

Exclusions:

• It does not provide any level of rights if the insured person dies as a result of self-harm, suicide or attempted suicide.
• It does not stipulate the amount of damages in the event that the insured person dies due to drunkenness or drug ingestion.
• Claims will not be paid if the insured dies or is injured due to illness not covered by insurance.
• If the insured violates the law for criminal purposes, the claim will be dismissed.
• It does not provide any level of rights if the insured’s death is due to pregnancy.

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How to apply IFFCO Tokio Personal Accident Plan?

A pre-printed accident insurance plan application form can be downloaded from the company’s website and submitted along with other required documents to the nearest branch. You can also go directly to a branch to complete the procedure. After payment of the premium, the policy will be issued in person or by registered mail.

How to Claim IFFCO Tokio Personal Accident Plan?

If you’ve been injured in an accident involving a vehicle, it’s important to know your rights and how to claim your IFFCO Tokio personal accident plan. By following these simple steps, you can start the process of getting the insurance you need and recovering financially from your injury. Let us help you get started!

The designee/assignee should contact their local office to notify them of the incident. Complete the claim form and submit the required evidence and documents. Charged amounts or costs will be refunded, if applicable.

Documentation for death claim:

• Claim form
• Death Certificate
• Post mortem report
• Police report
• Original policy documents

Documentation for injury claim:

• Police Report (if any)
• Claim form
• Medical certificate certify the disability
• Prescription along with bills (If medical expenses extension has been taken)

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