Bharti Axa Smart Personal Accident Policy: Features, Benefits, Review

Bharti AXA Smart Personal Accident Policy is a personal accident disability plan which offers benefit in case of accident related death or disability. Under this benefit a compensatory lump sum amount is provided to the insured by the insurer in case of accident related death or disability. This lump sum amount is dependent on the severity of the injury.

Plan variants –

There are three variants of this plan each having different coverage amount (INR 10,00,000; INR 20,00,000 and INR 30,00,000).

Scope of cover –

This plan is available for employed individuals between age 18 years to 65 years. Individuals falling under low risk occupation groups (group 1 and group 2) are covered under this policy on an individual basis.

Sum insured values –

In case of death due to accident compensation of INR 10,00,000; INR 20,00,000 and INR 30,00,000 is provided under this health insurance plan.

Main highlights of the plan –

Bharti AXA Smart Personal Accident Plan provides:

1. Double sum insured in case of death or permanent total disability while travelling in a public transport for sum insured INR 30,00,000.

2. Daily cash of INR 1000 per day for a maximum of 50 days after hospitalization exceeds 2 days is provided as value added benefit for sum insured INR 30,00,000.

3. Worldwide cover.

Policy period –

1 year

Benefits offered in this plan –

Most important –

The Bharti AXA Smart Personal Accident policy offers benefits like:

ACCIDENTAL DEATH –

Death, only resulting from an accident is covered up to 100% of sum insured when it is within 12 calendar months of an accident.

PERMANENT TOTAL DISABILITY –

A consequential injury caused by an accident that results in permanent total disability is covered under this benefit as long as it occurs within 12 months from the date of an accident. The compensation in the range of 100 to 150% of sum insured, depending on the part of the body affected is provided in such cases.

Example- In case of you lose both the eyes a compensation up to 150% of sum insured is provided while in case of loss of all the fingers compensation up to 100% of sum insured is provided.

PERMANENT PARTIAL DISABILITY –

A consequential injury caused by an accident that results in partial disability is covered under this benefit as long as it occurs within 12 months. The compensation in the range of 2 to 75 % of sum insured depending on the part of body affected is provided in such cases.

Example- Loss of speech is covered up to 50% of sum insured while loss of index finger- one phalanx is covered up to 5% of sum insured.

TEMPORARY TOTAL DISABILITY –

A consequential injury caused by an accident that prevents one from pursuing his/her occupation is covered under this benefit as long as it’s within 12 months. The compensation equals 1% of sum insured (up to a maximum of INR 10,000 per week) for a maximum of 104 weeks.

Good to have –

The Bharti AXA Health Insurance's Smart Personal Accident plan offers other benefits like:

1. Coverage for expenses on transportation of mortal remains – Up to 1% of sum insured.

2. Coverage for expense on funeral in case of death benefit under this plan.

3. Coverage for legal expenses.

Value added benefits –

The Bharti AXA Smart Personal Accident plan offers value added benefits like:

1. Hospital daily cash –

Under this benefit a daily cash up to INR 1000 per day for a maximum of 50 days is provided after the hospitalization exceeds 72 hours. This benefit is applicable only for sum insured of INR 30,00,000.

2. Double indemnity –

Under this benefit insured individuals travelling in public transport as passenger during accident is covered. In such cases a compensation equal to 200% of sum insured is provided. This benefit is applicable only for sum insured of INR 30,00,000.

Please refer the policy wordings for the detail list of coverage offered under each section.

Note: No two benefits mentioned above would be applicable at the same time.

Exclusions –

Some of the major exclusions under a personal accident plan are:

1. War or terrorism related injuries.
2. Self- injury or suicide.
3. Pre-existing injury or disability.
4. Injury due to adventurous activities.

Please refer the policy document for the detailed list of all the exclusions.