Group Personal Accident
Accidents can happen any time. Karur Vysya Bank in association with Bajaj Allianz General Insurance offers you Group personal accident policy where all the employees can be covered under a single master policy covering
- Permanent Total Disablement
- Permanent Partial Disablement
- Temporary Total Disablement
The Policy can be issued to persons aged between 18 and 65. In case of children, they need to be aged between 5 and 19 to become eligible for coverage.
The total sum insured is normally restricted to 70 times of Insured's monthly average earnings.
The minimum premium is Rs.500
- Children Education Bonus will be paid in case of Death or Permanent Total Disability of Insured
- Medical Expenses will be paid as a percentage of the admitted claim under other specified coverage towards the actual medical expenses
- Hospital Confinement Allowance for treatment of injury for which compensation is payable under this policy.
The policy does not cover:
Suicide, self-inflicted injury, pregnancy or childbirth, pre-existing physical or mental defects, infections, bleeding from inner organs, aviation other than as a passenger, motor rallies, war, civil war, terrorism or similar situations