Chola Insurance

CHOLA ACCIDENT PROTECTION

WHY PERSONAL ACCIDENT POLICY?

Crisis and accidents are our life’s worst nightmares that can come true anytime, anywhere to anyone. Disasters always strike us out of blue, unannounced and without notifications. An accident can happen in a flash of a second but leaves a scar for a lifetime. It can wreak havoc both financially and emotionally. A loss of life or a partial loss of sight or physical disability is not an easy thing to cope with. We cannot predict what’s going to happen next, but can always plan our future well by buying a Personal accident policy.

A Personal Accident policy assures financial stability in such unfortunate cases and covers death, physical injuries and bodily burns. It helps you cope with the sudden financial burden and also brings your life back on track by providing a strong cover and protection. By buying a personal accident plan, you don’t just invest in a policy but buy peace, safety and security for the entire family.

WHY CHOLA ACCIDENT PROTECTION POLICY?

`Chola Accident Protection’ offers you the security of your future as well as that of your family in case of an unfortunate event or a sudden accident. We make sure your family gets all the desired support in case of such disaster. 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 Accident Protection’ also provides compensation in the case of fractures caused by an accident. For unfortunate 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 by our `Chola Accident Protection’.

If the policyholder or insurer is a student, he or she can be reimbursed for tuition fees following an accidental injury. Also, a daily allowance for hospitalization is provided in the case of an accident. In the most unfortunate cases if a policy holder faces loss of life then the policy has a clause of taking care of all costs up to post-cremation or burial.

This is an ideal plan providing compensation to individuals against disabilities caused by accidents. This plan provides an option of including spouse & dependent children also. The policy provides coverage on a worldwide basis. This is definitely a price worth paying for complete peace of mind.

Benefits of Chola Accident Protection

This plan known as CAPP provides the following additional benefits in addition to basic coverage for Accidental Death, PTD and PPD:

  • Weekly Compensation

    : Compensation for loss of income due to a disability caused by accident.

  • Broken Bones

    : Fixed compensation in the event of fractures or accidental bone damage.

  • Modification of Residences / Vehicle

    : In case of permanent total disability, the expenses incurred are reimbursed for modifying residential accommodation or own vehicle.

  • Family Transportation Benefit Covers

    : Expenses towards transportation of the family member to the location of the insured in case of accidental death / permanent total disability.

  • Fee for Private tuition

    : Compensation towards the tuition fees if the insured is a student and is not able to attend school / college due to an accidental injury.

  • Hospital Daily Cash

    : Provides a daily cash allowance for hospitalization due to an accident.

  • Repatriation 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.

  • Ambulance charges

    : Fixed amount will be paid for Ambulance hiring charges following an accident.

This is an ideal plan providing compensation to individuals against disabilities caused by accidents. This plan provides an option of including spouse & dependent children also. The policy provides coverage on a worldwide basis. Definitely a price worth paying for complete peace of mind.

Benefits:

This plan known as CAPP provides the following additional benefits in addition to basic coverage for accidental death, PTD and PPD:

Weekly Compensation:

Compensates for loss of income due to a disability caused by accident.

Broken Bones:

Fixed compensation in the event of fracture of bones due to an accident.

Modification of Residences / Vehicle:

In the event of permanent total disability, we reimburse the expenses incurred for modifying residential accommodation or own vehicle.

Family Transportation Benefit Covers:

Expenses towards transportation of the family member to the location of the insured incase of accidental death / permanent total disability.

Fee for Private tuition:

Compensation towards the tuition fees if the insured is not able to attend school / college due to an accidental injury.

Hospital Daily Cash:

Provides a daily allowance for hospitalization due to an accident.

Repatriation 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.

* Conditions Apply

What does it cover

The basic coverages under this policy are as below:

  • Accidental Death

    In case of death of the insured due to an accident within the policy period, the nominee (mentioned in the policy) is compensated with the Sum Insured.

  • Permanent Total Disability

    In the event of accidental injury, causing the insured Permanent Total Disability and such disability has continued for 12 consecutive months, the company will pay the insured the percentage of sum insured as mentioned in the table below:
Benefits Percentage of
Capital Sum Insured
Loss of sight of both eyes 100%
Loss of two entire hands or two entire feet 100%
Loss of one entire hand and one entire foot 100%
Loss of sight of one eye and such loss of one entire foot, or hand 100%
Complete loss of hearing of both ears & complete loss of speech 100%
Complete loss of hearing of both ears or complete loss of speech and loss of one limb or loss of sight of one eye 100%

  • Permanent Partial Disability

    In the event of accidental injury, causing the insured Permanent Partial Disability and such disability has continued for 12 consecutive months, the company will pay the insured the percentage of sum insured as mentioned in the table below:
Benefits Percentage of
Principal Sum
Loss of toes: all
Great: both phalanges
Great: one phalanx
Other than great, if more than one toe lost, each		 20%
05%
02%
02%
Loss of hearing - both ears 60%
Loss of hearing - one ear 30%
Loss of speech 60%
Loss of four fingers and thumb of one hand 40%
Loss of four fingers 35%
Loss of thumb: both phalanges
one phalanx		 25%
10%
Loss of index finger - three phalanges or two phalanges or one phalanx 10%
Loss of middle finger - three phalanges or two phalanges or one phalanx 06%
Loss of ring finger - three phalanges or two phalanges or one phalanx 05%
Loss of little finger - three phalanges or two phalanges or one phalanx 04%
Loss of metacarpals - first or second, third, fourth or fifth 03%
Sense of smell 10%
Sense of taste 05%
Sight of one eye 50%
One hand
One foot		 50%
50%
  • Age Limit: 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

Please refer to the Policy Wordings for the complete coverages, exclusions and
terms and conditions of the policy.

* Conditions Apply

What CAP does not cover

This policy does not provide benefits for any death, disability, expense or loss incurred in result of any injury attributable directly or indirectly to the following:

  • Intentionally self-inflicted injury, suicide or any attempt threat while sane or insane
  • War, invasion, act of foreign enemy, hostilities (whether war be declared or not), civil war, rebellion, revolution, insurrection, mutiny, military or usurped power, seizure, capture, arrests, restraints and detainment of all kings, princes and people of whatsoever nation condition or quality
  • Participation in naval, military or air force operations whether in the form of military exercises or war games or actual engagement with the enemy with foreign or domestic
  • Loss sustained or contracted in consequence of the insured being under the influence of alcohol or drugs unless administered on the advice of a physician

* Please note that the maximum liability of the Company in respect of each individual shall be the Sum Insured as per the option selected and in any case shall not exceed 5 times the annual income.

The above is an indicative list of major exclusions only. Please refer to the Policy Wordings for the complete coverages, exclusions and terms and conditions of the policy.

* Conditions Apply