Aditya Birla Activ Secure Personal Accident Plan

Aditya Birla Company Overview

Injuries and accidents can disrupt one's life to a great extent. But, with the right planning, it is possible to live life without worrying about the financial implications that such incidents bring. Activ Secure - Personal Accident Plan of Aditya Birla Health Insurance is designed to protect one from all kinds of contingencies that could result from accidents. In exchange for a small premium, it is possible to secure self and family from the financial implications of accidents. Individuals between the ages of 5 and 65 years can opt for Activ Secure - Personal Accident Plan.

About Aditya Birla Health Insurance: Aditya Birla Health Insurance is a joint venture between Indian private sector conglomerate Aditya Birla Group and South African insurer MMI Holding Ltd. The company offers a wide range of insurance options that take care of varying healthcare needs. Under its Activ Secure segment, Aditya Birla Health Insurance offers Personal Accident cover, Critical Illness cover, Hospital Cash and Cancer Secure.

(Note - All the information listed on this page has been sourced from the official website of Aditya Birla Health Insurance.)

A personal accident insurance policy provides financial compensation for all possible accident related losses. With Activ Secure - Personal Accident Plan of Aditya Birla Health Insurance, one can get:

• Insurance protection for accidental death, permanent or partial disability.

• Education benefit for dependent children.

• Orphan benefit for dependent children.

• Insurance cover for repair or modification of vehicle and residence.

• Optional covers like accidental in-patient hospitalization, temporary total disability and global emergency assistance services for enhanced protection, among others.

• Protection against EMI and loan instruments.

• Services for enhanced protection.

• 5% cumulative bonus for every claim-free year, with maximum up to 50% of coverage amount.

• Option to select a wellness coach who will provide personalized health advice.

Source: Aditya Birla Health Insurance website

The benefits of taking personal accident insurance cover are plenty. The key advantages of Activ Secure - Personal Accident Plan of Aditya Birla Health Insurance are as follows:

• It provides complete protection of the financial implications resulting from death and disability.

• It provides protection against loss of income.

• It provides protection against expenses related to hospitalization.

• It provides cumulative bonus leading to enhanced protection every year.

Activ Secure - Personal Accident Plan of Aditya Birla Health Insurance provides coverage for the following cases:

• Accidental Death Cover - If the insured passes away as a result of an accident, the nominee will get 100% of the sum insured.

• Permanent Total Disablement - If the insured suffers permanent total disability due to an accident, he/she is eligible to receive 100% of the sum insured.

• Permanent Partial Disablement - If the insured suffers permanent disability, he/she is eligible to receive 100% of the sum insured (depending on the nature of the disablement).

• Education Benefits - If the insured passes away in an accident, a lump sum amount of 10% of the sum insured will be paid by the insurer towards the education of surviving dependent child.

• Emergency Road Ambulance Cover - If the insured sustains serious injuries in an accident and needs to be hospitalized right away, the insurer will reimburse up to Rs. 10,000 as emergency ambulance services.

• Funeral Expenses - In the event of the death of the insured in an accident, the insurer will pay out up to 1% of the sum insured, maximum up to Rs. 50,000, towards funeral or cremation expenses.

• Repatriation Of Remains - The insurer will pay out Rs. 50,000 towards transportation of mortal remains from the place of demise to the insured's residence or cremation ground.

• Orphan Benefit - If both the parents pass away in an accident, the surviving orphan will receive 10% of the insured sum, maximum up to Rs. 15 lakhs. This amount is payable irrespective of the number of dependent children.

• Modification Benefit - If the insured is rendered physically disabled as a result of accident and his or her vehicle or house needs to be modified, the charges will be reimbursed under the policy, subject to a maximum amount of Rs. 1 lakh.

• Compassionate Visit - Travel expenses related to the visit of a relative to the place where the insured is hospitalized will be reimbursed. The maximum amount for reimbursement for domestic travel is up to Rs. 10,000, while in the case of international travel, it is Rs. 25,000.

• P.A. Cumulative Bonus - If the policyholder has not filed any claim in a policy year, the individual is eligible for a 5% bonus, maximum up to 50% of the sum insured. The bonus will be reduced by 5% of the coverage amount in the event of a claim.

• Optional Covers - The optional covers available under Activ Secure - Personal Accident Plan of Aditya Birla Health Insurance are:

• Temporary Total Disablement - Weekly benefit, maximum up to Rs. 50,000 per week, up to 100 weeks, is payable with respect to any one injury.

• Accidental in-patient Hospitalisation Cover - In the event of hospitalization, 1% of accidental death sum insured or Rs. 1 lakh, whichever is greater, shall be payable towards medical expenses for such hospitalization.

• Broken Bones Benefit - Benefits will be paid toward fracture of bones.

• Coma Benefit - Benefits will be paid in case the insured goes into a coma due to an accident.

• Burn Benefit - Benefits will be paid toward burns sustained.

• Accidental Medical Expenses - Benefits will be paid for OPD treatment of an injury.

• Adventure Sports Cover - Benefits will be paid for an injury caused while participating in a sports activity.

• Worldwide Emergency Assistance Services - Provides assistance for transportation to a medical facility and return to residence under medical supervision in the event of an emergency.

• EMI Protect - Monthly instalments for loan are covered, as per the policy terms.

• Loan Protect - Outstanding loan amount is covered, as per the policy terms.

• Wellness Coach - A wellness coach will provide guidance on nutrition, fitness and lifestyle habits.

Source: Aditya Birla Health Insurance website

Claims arising from the below clauses are excluded under Activ Secure - Personal Accident Plan of Aditya Birla Health Insurance:

• Suicide or attempted suicide

• Intentional self-injury

• Venereal disease, mental illness or sickness, psychiatric condition

• War, act of foreign enemy, military or usurped acts

• Any hospitalization not resulting out of an injury

• Policyholder committing breach of law with criminal intent

Source: Aditya Birla Health Insurance website

The eligibility criteria for availing Activ Secure - Personal Accident Plan of Aditya Birla Health Insurance are as follows:

• The minimum age to avail Activ Secure - Personal Accident Plan is 5 years, while the maximum age is 65 years.

• Coverage under Temporary Total Disablement benefit cannot be renewed after 70 years.

• One can enrol spouse, up to 4 children, 2 parents and 2 parent-in-laws.

Eligibility for Sum Insured -

• Up to twelve times of annual gross income for an income-earning member.

  • If the member has chosen the loan protect benefit, the overall sum of personal accident coverage amount, including the loan protect limit opted, cannot surpass fifteen times of annual gross income.

  • 100% of proposer's coverage amount/eligibility or 30L, whichever is lower, for a non-earning member.

  • 100% of proposer's coverage amount/eligibility or 15L, whichever is lower (TDD benefit does not apply) for parents and parents-in-law.

  • 100% of proposer's coverage amount/eligibility or 15L, whichever is lower (TDD benefit does not apply) for children.

Source: Aditya Birla Health Insurance website

An individual will have to submit certain documents to avail Activ Secure - Personal Accident Plan of Aditya Birla Health Insurance. The documents include:

• Identity Proof - PAN card, Aadhaar card, Passport, etc.

• Address Proof - Aadhaar card, Passport, Driving license, etc.

Additional documents may be required, on the basis of the optional covers chosen.

To file a claim, the insured or nominee of the insured needs to get in touch with the company’s customer service representatives and intimate them about the accident. The insurer must be notified about the losses within 7 days of the accident. Once that is done, the insured or the nominee has to hand over relevant documents with the claim form within 30 days. Post this, the insurer will pay out the proceeds within a few days.

The Documents Required To File A Claim Are:

• Filled-up claim form

• Photo ID and age proof

• FIR or attested copy of medico-legal certificate

• Copies of consultation letters after accident

• Radiological investigation reports

• Additional documents for specific benefits

Source: Aditya Birla Health Insurance website

Conclusion

Personal accident policy from Aditya Birla Health Insurance provides one the much-needed financial protection from all accident contingencies. With Activ Secure - Personal Accident Plan, an individual can be assured of complete protection against accident-related financial losses, such as medical treatment costs, income loss due to disability, etc. at very affordable rates.

Aditya Birla Activ Secure - Personal Accident Policy Reviews

“I came across Activ Secure - Personal Accident Plan when I was comparing features, benefits and premiums of personal accident covers of insurance companies. The features of Activ Secure - Personal Accident Plan were exactly what I wanted and I could choose from a range of optional insurance covers” - Aakash, Mumbai

“My friend had Activ Secure - Personal Accident Plan. When he met with an accident, the company was quick with paying out the claim. I bought this policy on his recommendation. The premiums of Activ Secure - Personal Accident Plan are not high. Also, I feel that the plan’s benefits are very unique when compared with some of the other options in the market.” - Mariya, Hyderabad