Saral Suraksha Bima Plan Benefits, Features, Buy & Renew

Saral Suraksha Bima Plan – Accidents happen without warning. It will disrupt the routine of your life. An accident has a devastating effect on one’s finances and emotions. Some accidents may result in a family vacuum due to the death of the breadwinner, while others may result in physical disability. Even though some accidents have less of an effect, they can still require a significant absence from routines like going to work. In addition to causing mental anguish, hospital expenses add to one’s financial burden. Signing up for personal accident insurance is a smart way to deal with all the unknowns.

The Saral Suraksha Bima Plan (SSBP) is an insurance scheme that was launch in the aftermath of the 2013 deluge in Mumbai. The SSBP provides insurance cover for individuals, families, and businesses against any kind of natural disaster, including floods, cyclones, and earthquakes. The scheme is also open to residents of states that are not part of the National Disaster Response Force (NDRF). If you’re living in a state that’s not part of the NDRF and you’re worri about your safety during a natural disaster, then the SSBP might be the right insurance option for you.

Saral Suraksha Bima Plan

Unfortuitous and occasionally unbelievable incidents are accidents. Your life could be ruine by them. You can’t be absolutely certain that you won’t get into an accident, no matter how careful you are. As a result, having a back-up plan is critical in the event of a life-altering accident that can drain your savings. This is where ACKO’s “Saral Suraksha Bima” comes into play to safeguard your finances against some of life’s uncertainties.

Saral Suraksha Bima Plan is an insurance scheme that was launch in India in the year 2023 to provide protection to people from natural disasters. The scheme is divide into three parts – personal, commercial, and agricultural. The personal part covers claims made by individuals, the commercial part covers claims made by businesses, and the agricultural part covers claims made by farmers.

Saral Suraksha Bima Plan

Saral Suraksha Bima Plan Details

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About Saral Suraksha Bima Health Insurance

Edelweiss General Insurance’s Saral Suraksha Bima is a personal accident policy that will protect your family and finances in the unfortunate event of an accident. The policy can be purchase for a wide range of sum insure options ranging from Rs. 2.5 lakh rupees 1 crore, divided by Rs. 50,000. Since the policy only covers accidents, there is no waiting period for those covered by the policy. The good news is that you can take advantage of coverage immediately after purchasing the policy. The policy only lasts for one year. After that, however, the policy can be renew. Your Saral Suraksha Bima Policy can be renew unless you, as an insured, commit fraud or misinterpretation.

Accidental death, permanent partial disablement, and permanent total disablement are all covered by Saral Suraksha Bima. There are optional covers available with the Saral Suraksha Bima that can be use to increase the sum insure or improve coverage when the policy is renew. These include a grant for education, accidental hospitalization, and temporary total disability. Additionally, you will receive a cumulative bonus that increases your insured sum for each claim-free year.

Key Features and Benefits of Saral Suraksha Bima 

Saral Suraksha Bima is a mandatory insurance policy for all Indian nationals travelling to any destination outside India. The policy offers cover for a range of risks, including medical expenses, theft, and loss of passport. Here’s a quick overview of the key features and benefits of the policy. If you’re thinking of travelling outside of India soon, be sure to check out Saral Suraksha Bima!

Here’s a table highlighting the key features and benefits of the Personal Accident Policy.

FEATURES BENEFITS
The Sum Insured of the policy can be between Rs. 2.5 lakhs to Rs. 1 crore. You can choose the Sum Insured and the corresponding premium as per your requirements.
Can be an individual as well as a family cover. You can purchase the coverage for yourself or for your family as a group with a separate sum insured. You, your spouse, your parents and parents-in-law, as well as any dependent children, make up the family here.
Policy period of a year. The span of the arrangement isn’t excessively short, nor excessively lengthy. You can get it for a year and recharge it before the expiry period for nonstop protection inclusion in the event that you find it gainful according to your necessities.
Clear segregation of Base and Optional Coverage. On the off chance that you are just stress over death and long-lasting incapacity because of a mishap, then, at that point, a base cover ought to get the job done. For a colossal mishap cover, you have discretionary inclusions accessible.
Cumulative Bonus in the form of a 5% Increase in Sum Insured (SI) each consecutive claim-free year up to 50% of SI. Get compensat with extra Aggregate Safeguard for staying away from mishaps and not raising cases without paying any extra superior sum.
Flexible premium payment options in the form of monthly, quarterly, half-yearly, and yearly payment modes. Manage your finances by availing of flexible premium payment options.

Why Buy Saral Suraksha Bima Personal Accident Policy?

If you’re like most people, you’re very careful when it comes to protecting yourself and your loved ones. That’s why it’s so important to have a personal accident policy in place. A Saral Suraksha Bima personal accident policy can help protect you and your family in the event that something unfortunate happens. Here are some of the benefits of buying a policy from Saral Suraksha Bima.

  • Complete Comfort Whether it is understanding the arrangement or getting it without exorbitant structure filling, ACKO offers total accommodation. Purchase Saral Suraksha Bima by ACKO online inside the space of minutes without paying specialist commission.
  • Wide Organization of Emergency clinics – has banded together with in excess of 6,000 noticeable medical clinics for top-quality medical care. ACKO offers monetary help during health related crises as well as works with open to mending thanks to the organization medical clinics.
  • Computerized Framework is an advanced first organization. Consequently, most of the cycles are tech-based, particularly Guarantee Settlement. Here, the case settlement process is straightforward, fast, and bother free.

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Eligibility Criteria for the Policy

As a business owner, it’s important to be aware of the eligibility criteria for the policy you are offering your customers. Knowing the criteria will help you determine who is eligible for the policy and ensure that you are providing a good product. This information can also help you set boundaries on who is able to take advantage of the policy, ensuring that you are only selling to qualified customers. In this article, we will provide you with the eligibility criteria for a number of different types of policies.

You need to meet the below-mentioned eligibility criteria to purchase this accident cover.

  • The minimum entry age is 18.

  • The maximum entry age is 70 but can be above it subject to the underwriting process.

  • The age range for dependent children is between 3 months to 25 years.

  • In a situation where the child is above 18 years of age and is financially independent, then such a person shall not be covered on subsequent renewal.

Coverage of Saral Suraksha Bima

Saral Suraksha Bima, also known as the Jallikattu Act, will protect the bulls from beinggaurded and killed in any way. The Prevention of Cruelty to Animals (PCA) Act, 1960 bars anyone from deliberately Tormenting, harassing, restraining or using any cruel method to punish or train an animal. This law was enacted to protect bulls during the Jallikattu festival in Tamil Nadu.

Here are your options for Personal Accident Insurance under this policy.

Base Coverage

The base inclusion protects you against the accompanying occasions. The advantages presented against these covers will be according to the agreements of the arrangement.

  • Passing: Total Guaranteed determined will be payable on the demise of the protected individual in a mishap.
  • Super durable Absolute Disablement: Aggregate Guaranteed determined will be payable in the event of a mishap causing all out handicap that is long-lasting in nature according to the provisions of the approach.
  • Super durable Fractional Disablement: Total Safeguarded determined will be payable on the off chance that the guaranteed individual experiences Long-lasting Halfway Disablement in a mishap.

Optional Coverage

You likewise have three discretionary inclusions under the Saral Suraksha Bima, ACKO strategy. These three covers come at an extra expense. The advantages under these covers are liable to agreements referenced in the strategy archive.

  • Brief All out Disablement: Assuming that the protected individual experiences a transitory physical issue in a mishap that forestalls him to work, he will be repaid under this strategy.
  • Hospitalization Costs because of Mishap: Hospitalization costs emerging because of a mishap would be covered under the Saral Suraksha Bima Strategy by ACKO.
  • Schooling Award: A one-time instructive award will be payable to every one of the reliant offspring of the guaranteed individual under this strategy.

What is Personal Accident Insurance?

Personal accident insurance can help cover the costs associated with an accident that you, or a loved one, suffer. This could include medical expenses, lost income, and more. If you’re ever in a car accident that results in injury or death, it’s important to know about personal accident insurance. We’ve put together a comprehensive guide that will teach you everything you need to know about this important type of coverage. Read on to learn more!

  • Meaning: Normally, the word ‘mishap’ is related with a fender bender on the interstate or a games injury. Yet, mishaps are not restricted to these occasions. A substantial physical issue can happen in your home, at work, or out in the recreation area.
  • Result: at times, such mishaps can prompt handicaps that compel you to be confined to bed. They likewise bring about hospitalization costs and loss of pay assuming you can’t work as a result of the injury.
  • Arrangement: Here’s where an Individual Mishap Insurance contract can demonstrate supportive as it offers monetary help. The Saral Suraksha Bima, ACKO is a standard insurance contract that can act the hero in the event of a mishap.

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Inclusions: What’s Covered Under Saral Suraksha Bima?

If you’re wondering what’s covered under Saral Suraksha Bima, you’re not alone. In fact, this is a question that many people are asking, as it can be quite confusing. Here’s a guide to help clear up any confusion you may have about this important law.

Here are the inclusions of the plan considering you have opted for maximum coverage. You can also refer to the policy document to understand the criteria for classifying disability.

  • Incidental Demise Mishaps can be lethal. This cover offers the advantage of 100 percent Aggregate Safeguarded to the candidate if there should arise an occurrence of an appalling occasion of death because of a mishap. This is given the safeguarded individual kicks the bucket in somewhere around a year from the mishap date.
  • Extremely durable All out Inability A few mishaps can prompt long-lasting all out handicap. In such a situation, an advantage of 100 percent Total Protected will be given to the policyholder.
  • Extremely durable Fractional Handicap For the situation the mishap causes long-lasting incomplete inability, the advantage is a level of the Total Safeguarded, which relies on the sort of injury/misfortune confronted. For instance, deficiency of one whole hand warrants half Aggregate Guaranteed while the equivalent decreases to 35% in the event of deficiency of four fingers.
  • Transitory All out Disablement-Discretionary Inclusion. For a mishap that causes transitory all out disablement, remuneration will be offered (0.2% of the base Total Guaranteed each week, dependent upon a limit of 100 weeks) for not having the option to work (and in this way procure) during the disablement time frame.
  • Hospitalization Costs Cover-Discretionary Inclusion. In the event of hospitalization because of a mishap, the hospitalization costs will be concealed to the furthest reaches of 10% of the base Aggregate Guaranteed according to the agreements of the approach.
  • Training Award for Kids Discretionary Inclusion. A deadly mishap can hamper funds. To guarantee a protected future, subordinate offspring (of the policyholder) can each benefit of training award (10% of the Base Aggregate Safeguarded per subordinate youngster).

Exclusions: What’s Not Covered Under Saral Suraksha Bima ?

Saral Suraksha Bima is an insurance scheme that covers a variety of risks, including personal accidents. But what about the risks that go beyond accidents? Are there any exclusions, and are they covered under the scheme? To answer these questions, read on to learn about the different exclusions and how they might affect you.

  • Here is an outline of the strategy’s significant avoidances where the case won’t be acknowledged. The itemized rundown and clarifications are referenced in the arrangement archive.
  • Effect of War-Endlessly war like episodes are not covered. In this way, individual mishaps caused in view of such occurrences are a piece of strategy rejections.
  • Self-incurred Wounds This strategy doesn’t cover self-caused wounds. Be that as it may, there might be exemptions in the event of mishaps because of self – resistance.
  • Unlawful Movement Mishaps because of circumstances where the law was broken will not be covered according to this strategy. In this manner, infringement of the law or such endeavors are avoidances to the approach.
  • Criminal Plan Injury or mishap emerging on account of contribution in an action with criminal goal isn’t covered by the approach.
  • Impacts of Atomic Substances-Hospitalization, incapacity, or passing emerging because of occasions set off by exercises of atomic nature are a prohibition to the approach.
  • Impact of Inebriation Mishaps happen when the policyholder was affecte by inebriation and was straightforwardly liable for the mishap will not be covered.

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