Introduction on Chola MS Personal Accident Insurance
Chola MS Personal Accident Insurance offers you assurance for secure future to your family in the event in which you are injured by an accident. Individuals or family members become eligible for weekly compensation in case of loss of income caused by disability or death due to an accident.
Chola MS Personal Accident Insurance also provide compensation in case of fractures caused by an accident. For worse cases, where the accident insurance policy holder faces permanent disability, reimbursements are offered for modifications that might be required for the home or vehicle. Family transportation costs are also covered under Chola MS Personal Accident Insurance.
If the policyholder is a student, he or she can be reimbursed for tuition fees in case of an accidental injury. Also, a daily allowance for hospitalization is provided in the case of an accident.
On the death of a policyholder due to an accident, all costs are taken care of right up to post-cremation or burial.
Key Features and Benefits of Chola MS Personal Accident Insurance
- Any person between 18 – 69 years can buy the policy. Dependent children up to 25 years of age can be covered by the policy under family option.
- Claim can be registered any time through dedicated 24 hours toll free help line 18002005544.
- Provides compensation to individuals against disabilities caused by accidents.
- Chola MS Personal Accident Insurance provides an option of including spouse & dependent children also.
- Provides coverage on a worldwide basis.
- Weelky compensation will be provided for loss of income due to a disability caused by accident.
- Fixed compensation in case of fracture of bones due to an accident.
- In case of permanent total disability, company reimburse the expenses for modifying residential accommodation or own vehicle.
- Provides transportation of the family member to the insured accident location incase of accidental death/ permanent total disability.
- Compensation towards the tuition fees if the insured is a student and he is not able to attend school / college due to an accidental injury.
- Daily allowance is provided for hospitalization due to an accident.
- Covers all costs of Mortal Remains from the accident site to hospital, residence or cremation ground.
- Cost of Cremation Ceremony to perform religious ceremonies up to the time of or post-cremation.
Factors covered under Chola MS Personal Accident Insurance
- Accidental death.
- Permanent total disablement.
- Permanent partial disablement.
- Temporary total disablement.
- Hospital daily cash allowance.
- Accidental medical expenses.
- Covers costs of Mortal remains.
- Cost of cremation ceremony.
- Ambulance charges.
- Weekly Accident Benefit.
- Bone fracture caused due to any accident.
- Modification of residential Accommodation or vehicle due to an accident.
- Family transportation facility to accident spot or hospital.
- Compensation towards the tuition fees if the insured is a student and he is not able to attend school / college due to an accidental injury.
Factors not covered under Chola MS Personal Accident Insurance
- Any pre-existing disability/accidental injury.
- Pregnancy, childbirth or Miscarriage.
- Self-injury,suicide or attempted suicide.
- Influence of Liquor or drugs.
- War and nuclear risk, terrorism, criminal acts etc.
- Injuries or death caused to participation in Naval, Military or Air force operations.
- Injury or death caused by ionizing radiation or contamination by radioactivity from any nuclear fuel.
- Wilful participation in any illegal act.
- If the insured have an Acquired Immune deficiency syndrome (AIDS) or having an antibody positive blood test to HIV.
- Participation in Motor cycle,bicycle, skiing, hunting or any skydiving contests.
- Bacterial Infections.
Claim settlement procedure for Chola MS Personal Accident Insurance
Step 1:
Intimate your claim by calling 18002005544. Written claim notice should be given within 30 days of such occurrence or commencement of accident.
Please provide the following details when you call customer care to intimate about claim.
- Name of insured.
- Policy number.
- Contact details.
- Date & time of loss.
- Location of loss.
- Nature & extent of loss.
Step 2:
Chola MS customer service center will register the claim and provide you the claim registration number for all future references.
Step 3:
Please furnish the documents or information required by authorized representatives.
Documents required for claim settlement in Chola MS Personal Accident Insurance
In case of death
- Duly completed claim form by the nominee.
- Copy of FIR / Police Report, wherever necessary.
- Copy of Post Mortem Report/Coroner’s report (If postmortem is conducted).
- Copy or Panchanama / Inquest report.
- Death certificate.
- Original policy certificate.
In case of permanent total / partial disablement
- Duly completed claim Form.
- Disability confirming Doctor certificate.
- Admit/ Discharge card.
- X- ray, lab test report.
- Admit / Discharge card.
- FIR/ Police report, wherever necessary.
Chola MS Personal Accident Insurance plan premium table.
- Chola Accident Protection Insurance Policy offers cover from Rs. 5 Lakhs to 1 Crore.
- This insurance is available for dependent children up to 25 years and adults age group of 18-69years.
- Premium shown below link is inclusive of 12.36% Service Tax.
| Coverage Table – Self | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Sum Insured | 5 Lacs | 7.5 Lacs | 10 Lacs | 15 Lacs | 20 Lacs | 25 Lacs | 50 Lacs | 75 Lacs | 1 Crore |
| Annual Income Eligibility | 1 Lac | 1.5 Lac | 2 lac | 3 Lacs | 4 Lacs | 5 Lacs | 10 Lacs | 15 Lacs | 20 Lacs |
| Policy Coverage | |||||||||
| Accidental Death | 5 Lacs | 7.5 Lacs | 10 Lacs | 15 Lacs | 20 Lacs | 25 Lacs | 50 Lacs | 75 Lacs | 1 Cr |
| Permanent total Disability | 5 Lacs | 7.5 Lacs | 10 Lacs | 15 Lacs | 20 Lacs | 25 Lacs | 50 Lacs | 75 Lacs | 1 Cr |
| Permanent Partial Disability | 2.5 Lacs | 3.75 Lacs | 5 Lacs | 7.5 Lacs | 10 Lacs | 12.5 Lacs | 25 Lacs | 37.5 Lacs | 50 Lacs |
| Weekly Indemnity (Max 100 Weeks) | 5,000/week | 5,000/week | 5,000/week | 5,000/week | 5,000/week | 5,000/week | 7,500/week | 7,500/week | 7,500/week |
| Broken Bone | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 1 Lacs | 1 Lacs | 1 Lacs |
| Modification of Residence Vehicle | 1 Lacs | 1 Lacs | 1 Lacs | 1 Lacs | 1 Lacs | 1 Lacs | 2 Lacs | 2 Lacs | 2 Lacs |
| Cost Of Transporting Mortal Remains | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 | 6000 |
| Cost of Performane of Death Ceremonies | 5000 | 5000 | 5000 | 5000 | 5000 | 5000 | 5000 | 5000 | 5000 |
| Ambulance Hiring Charges | 1000 | 1000 | 1000 | 1000 | 1000 | 1000 | 1000 | 1000 | 1000 |
| Family Transportation Benefit | 5000 | 5000 | 5000 | 10,000 | 10,000 | 10,000 | 15,000 | 15,000 | 15,000 |
| Hospital Daily Cash (Upto 30 days) – Optional Cover | 500/day | 500/day | 500/day | 500/day | 500/day | 500/day | 1,000/day | 1,000/day | 1,000/day |
| Premium Including Service Tax (With Hospital Daily Cash) | 1479 | 1733 | 1988 | 2498 | 3007 | 3519 | 6525 | 9075 | 11623 |
| Premium Including Service Tax (Without Hospital Daily Cash) | 1020 | 1274 | 1530 | 2039 | 2551 | 3059 | 5913 | 8463 | 11063 |
Above premium includes Service tax at 12.36 %. For more information regarding service Tax, visit www.taxqueries.in.
The company will revise premium rates based on experience from time to time and subject to IRDA approval. The premium rates, terms and conditions at the time of renewal shall apply.
| Coverage Table – Family (Self + Spouse + Upto 2 Children) | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Sum Insured | 5 Lacs | 7.5 Lacs | 10 Lacs | 15 Lacs | 20 Lacs | 25 Lacs | 50 Lacs | 75 Lacs | 1 Crore |
| Coverage for self is as per table overleaf. Coverage for spouse and children is listed below | |||||||||
| Accident Death – Spouse | 2.5 Lacs | 3.75 Lacs | 5 Lacs | 7.5 Lacs | 10 lacs | 10 lacs | 10 lacs | 10 lacs | 10 lacs |
| Permanent Total Disablity – Spouse | 2.5 Lacs | 3.75 Lacs | 5 Lacs | 7.5 Lacs | 10 lacs | 10 lacs | 10 lacs | 10 lacs | 10 lacs |
| Permanent Partial Disablity – Spouse | 1.25 Lacs | 1.87 Lacs | 2.5 Lacs | 3.75 Lacs | 5 Lacs | 5 Lacs | 5 Lacs | 5 Lacs | 5 Lacs |
| Accident Death – Per child | 50000 | 75000 | 1 Lac | 1.5 Lac | 2 Lac | 2.5 Lacs | 5 Lac | 5 Lac | 5 Lac |
| Permanent Total Disablity – Per child | 50000 | 75000 | 1 Lac | 1.5 Lac | 2 Lac | 2.5 Lacs | 5 Lac | 5 Lac | 5 Lac |
| Permanent Partial Disablity – Per Child | 25000 | 37500 | 50000 | 75000 | 1 Lacs | 1.25 Lacs | 2.5 Lac | 2.5 Lac | 2.5 Lac |
| Tution Fees Per child -Rs 250 Per day | 5000 | 5000 | 5000 | 5000 | 5000 | 5000 | 5000 | 5000 | 5000 |
| Coverage Under cost of Transponding Mortal Remains, Cost of peformance of death ceremonies & ambusance hiring charges are same as under self | |||||||||
| Hospital Daily Cash (Upto 30 days) – Optional Cover | 500/day | 500/day | 500/day | 500/day | 500/day | 500/day | 1,000/day | 1,000/day | 1,000/day |
| Premium Including Service Tax (With Hospital Daily Cash) | 2294 | 2753 | 3161 | 4027 | 4894 | 5455 | 9075 | 11624 | 14224 |
| Premium Including Service Tax (Without Hospital Daily Cash) | 1530 | 1988 | 2397 | 3262 | 4129 | 4690 | 8055 | 10604 | 13204 |
Above premium includes Service tax at 12.36 %
The company will revise premium rates based on experience from time to time and subject to IRDA approval. The premium rates, terms and conditions at the time of renewal shall apply.
Procedure to Buy Chola MS Personal Accident Insurance
- Read the prospectus carefully.
- Fill in the proposal form in all respects and kindly do not leave any blanks.
- Attach income proof required.
- Please pay the premium preferably by way of A/C payee cheque or DD.
- For any clarification, feel free to call the nearest branch office or customer care number.
Chola MS Personal accident Insurance premium Calculator
Through Chola MS personal accident Insurance premium Calculator we can calculate the annual premium based on depreciation value and IDV value given. Chola MS personal accident Insurance premium Calculator gives you approx amount to be paid during buying new policy and renewing the old policy depending upon the details you have given.
FAQs under Chola MS Personal Accident Insurance
1. Is there any change of nominee facility available?
Ans. No change of nominee under this policy shall bind us, unless the change is formally endorsed thereon by our authorized officer.
2. What is to be done occupation change is there?
Ans. Any change in profession should be informed to us immediately. Such change will be scrutinized by us by verifying required document before giving Approval.
3. Is policy transferable to another person name?
Ans. Transferring of interest in this Policy to anyone else is not allowed.
4. What are the conditions in renewing policy?
Ans. This policy can be renewed for a period of 12 months subject to payment of premium prior to expiry of the policy and not later than 30 days grace period posts the expiry of the policy. We condone the delay and renew the policy with continuity benefits.