Universal Sompo Personal Accident Plan 2024 Benefits, Features, Buy, Details, Reviews

Why Personal Accident Insurance?

In the event of the insured’s untimely death or serious injury, a personal accident insurance plan provides protection for the insured and his or her family. Unpredictability is a factor in accidents, and a customer’s and their family’s financial burden can be significant. Although accidents cannot be avoided, individuals can take specific measures to safeguard themselves and their loved ones by ensuring their future and providing financial stability. Despite the fact that many people have life insurance, a standalone personal accident policy is strongly recommended because it provides coverage for the insured at a low premium—especially when compared to life insurance—and also has the advantage of covering minor injuries and income loss.

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Universal Sompo Personal Accident Insurance Plan

The Universal Sompo Personal Accident Insurance policies safeguard the insured person and their loved ones from a variety of outcomes, from minor to severe injuries to death. In the event of an accident, the insured person’s and their family’s financial security is the goal of these plans.

• Under the Universal Sompo Personal Accident Insurance Plan, there are three options for coverage: the Basic Cover Plan, which only covers accidental death; the Wider Cover Plan, which covers accidental death, permanent total disability, and permanent partial disability; and the Comprehensive Cover Plan, which covers accidental death, permanent total disability, permanent partial disability, and temporary total disability. Permanent Total Disability [PTD] Benefit: In the event that the insured person becomes permanently disabled as a result of an accident, a lump sum payment will be made in accordance with the
• Permanent Partial Disability [PPD] Benefit: In the event of the insured’s Permanent Partial Disability as a result of an accident, a lump sum payment will be made in accordance with the policy’s scale.
• Benefit for Accidental Death, or AD, is a one-time payment made in the event of the insured’s death as a result of an accident.
• Temporary Total Disability Benefit: A weekly payment equal to Rs. 1 percent of the capital Sum Assured To cover the insured’s income loss as a result of temporary total disability resulting from an accident for a maximum of 104 weeks, a payment of 5000 or less is made.

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Additional benefits under theUniversal Sompo Personal Accident Insurance Plan –

• Transportation cost – This is for the carriage of the human remaining parts to the home, and incorporates the memorial service charges. 1% of the aggregate guaranteed or Rs. 2500, whichever is lower.
• Clothing cost – The expense of attire that has been harmed in the mishap is covered. Up to Rs. 1000 is covered.
• Rescue vehicle energizes – to a limit of Rs. 1000 is covered for rescue vehicle charges.
• Schooling Asset Advantage – in case of the sad demise or Extremely durable Complete Disablement, a pay is paid for the training for the reliant youngsters. A measure of 5% of the capital aggregate guaranteed is paid, up to Rs. 15000.
• Loss of work in case of a mishap that causes the deficiency of business as a result of Long-lasting Complete Disablement, a measure of 2% of the capital total guaranteed is paid, dependent upon a limit of Rs. 25000.

Eligibility

• The enlistment age under the All inclusive Sompo Individual Mishap plan is from 5 years to 65 years. New recommendations for people over 65 years until the age of 75 years might be acknowledged with 20% stacking on premium.
• General Sompo doesn’t acknowledge new recommendations from people over the age of 75 years.
• A proposer should be 18 years or above to be qualified for the All inclusive Sompo Individual Mishap plans.
• There is no greatest restoration age under the General Sompo Individual Mishap strategy plans.

Discretionary Covers/Expansions under the All inclusive Sompo Individual Mishap Protection Plans

By paying an extra top notch the accompanying extra expansions/covers might be bought –

• Clinical Costs Expansion: This covers the clinical costs sensibly and fundamentally brought about by the safeguarded individual towards clinical costs on account of a mishap that outcomes in real injury, demise or disablement. The pay under this expansion cover is confined to 40% of Individual Mishap Case or real clinical costs whichever is lesser.
• Medical clinic Imprisonment Stipend: An everyday money remittance of Rs 500/ – each day to a limit of 30 days assuming the guaranteed individual is hospitalized because of a mishap that outcomes in the substantial injury, passing or disablement.

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Additional Features of the Universal Sompo Personal Accident Insurance Plans

• Widespread Sompo gives a faithfulness markdown on the top notch in regard of individual and family bundle covered
• The arrangement has no most extreme cover stopping age. In this manner, the arrangement has long lasting sustainability.
• There is no clinical assessment expected for benefiting of the All inclusive Sompo individual mishap plans.
• The arrangement is entirely adaptable as the guaranteed individual can cover their life partner and youngsters also.
• A current Individual Mishap Strategy might be ported to All inclusive Sompo at no additional expense.
• There is a Free Look Time of 15 days from the date of getting the strategy records. In the event that the individual isn’t happy with the inclusion or the agreements of the arrangement plans, then, at that point, the person might pick to return the very, given that no case has been made. All inclusive Sompo will discount the premium paid according to the agreements.
• Assuming All inclusive Sompo chooses to change, alter or pull out the individual mishap plan, they will give the client three months notice period before the date from when the adjustment, modification or withdrawal gets into impact.
• In the event that the organization chooses to pull out the individual mishap plan, a substitute arrangement will be given to the client.
• The total guaranteed might be upgraded on the off chance that the client so wishes, while recharging their arrangement plan.

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Exclusions

There are certain factors that are excluded from the scope of coverage of personal accident insurance plans. The exclusions are as follows:

• Natural Death
• Consequential loss of any kind and/or legal liability
• Committing any breach of law with criminal intent
• Pregnancy including child birth, miscarriage, abortion or complication arising there from
• Participation in any Naval, military or air force operations
• HIV or related illness
• Venereal or sexually transmitted diseases
• Whilst under influence of intoxicating liquor or drugs
• Drug Addiction or alcoholism

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Claims procedure under the Universal Sompo Personal Accident Plan

• In case of any mishap as well as Injury which might lead to a case under the Widespread Sompo Individual Mishap designs, the client needs to make the accompanying strides for the cases technique:
• The client needs to give a notification to the Widespread Sompo call focus right away and personal recorded as a hard copy to our Strategy giving office. If there should arise an occurrence of the lamentable occasion of a demise, a composed notification of the passing is important. The exemption is except if sensible reason is shown, be given before internment/incineration and anyway, inside one schedule month after the passing, and in case of loss of sight or removal of appendages, composed notice thereof should likewise be given inside one schedule month after such loss of sight or removal.
• All testaments, data and proof from the going to Clinical Specialist must be given by the client.
• On receipt of implication from the client in regards to a case under the Strategy, Widespread Sompo is qualified for complete assessment, discover subtleties, and in case of death finish the posthumous assessment in regard of expired individual.
• The means for housing the case are as given beneath:
• The client needs to tell the organization promptly on the event of a case and in something like 7 days giving a full depiction of the clinical treatment embraced and the reason.
• The client needs to present the finished and marked guarantee structure, giving every one of the pertinent records on the side of their case not later than 30 days from the date of insinuation.

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Documents required for the claims procedure under the Universal Sompo Personal Accident Plans

• For Death Claim
• Duly filled up claim form
• Death Certificate
• Original FIR
• Original Panchnama
• Post mortem report
• For Permanent Total disablement/Permanent Partial Disablement
• Duly filled up claim form
• Original FIR
• Panchnama
• Hospitalization Report
• Hospital discharge card
• Original Certificate from Doctor of Govt. Hospital stating the degree of disability
• For Temporary Total Disablement
• Duly filled up claim form
• Original FIR
• Panchnama
• Hospitalization Report
• Hospital discharge card
• Original Certificate from Doctor of Govt. Hospital stating the degree of disability
• Termination letter for claim under “Loss of Employment

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Universal Sompo Personal Accident Plan FAQ’S

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