Shagun Receipt

The ‘Shagun – Gift an Insurance’ of ₹ 501/- has a Personal Accident Insurance Cover of ₹ 4,80,000. The Policy has the following coverage under Individual Personal Accident Insurance.

• Accidental Death

  Sum Insured is paid out to the nominee in case of accidental death of the Insured Person.

• Permanent Total Disablement (PTD):

  If accidental bodily injury causes permanent total disablement then Sum Insured percentage is paid to the Insured Person. Additionally, two other covers include:
  a. Education Benefit – 1% of the Sum Insured or ₹50,000/-, whichever is lower is paid towards education benefit of up to maximum of 2 children.
  b. Adaption Allowance - 1% of the Sum Insured or ₹25,000/-, whichever is lower is paid towards cost of modifying house or vehicle.

• Permanent Partial Disability (PPD)

  If accidental bodily injury causes permanent partial disablement then Sum Insured percentage is as per the Policy.

• Ambulance Cover:

  10% of the Sum Insured subject to maximum of ₹100,000/- will be paid towards expenses incurred for availing an Ambulance Service (Including air ambulance) to transfer the Insured Person to a Hospital from the location of Accident or Injury or from one Hospital to the other Hospital or from Hospital to place of residence in case of Accidental Death or Permanent Total Disablement (Subject to admissible claim under Policy and transit within India Only).

• Hospital Confinement Allowance (HCA)

  Daily Benefit for each Day the Insured remains in a Hospital due to Injury or Accident subject to maximum coverage for 15 days for the entire policy period will be paid. (Subject to hospitalisation within India Only).