MoneyLens / Critical illness & accident
Your lump-sum cover, explained.
Mahanadi Accident Guard · Mahanadi General Insurance Ltd
Illustrative
Personal accident policy · Policy held
Policy 1 Apr
Accidental death
₹50,00,000
within 12 months of the accident
Total disability
₹50,00,000
partial: by a table
Off work
₹10,000/wk
up to 100 weeks
Premium
₹4,900
a year
₹50,00,000 for accidental death or permanent total disability, for ₹4,900 a year. It pays a fixed amount, not hospital bills; the insurer decides each claim against the policy's definitions.
Myra's most important observations
Prefilled from your documents · edit freely
An accident: what the policy's terms pay
Prefilled from CIS p.1, Accidental death · CIS p.1, Permanent total disablement · CIS p.2, Temporary total disablement
Losses (standard table)
8
Partial disability
₹0tick the losses
Weeks off work
₹80,0008 weeks at ₹10,000
Death or total disability
₹50,00,000total disability; death ₹50,00,000
Death or disability has to follow the accident within 12 months. The insurer assesses each disability against the policy's table on a real claim.
Assumptions & limits. On ₹50,00,000: death 100%, permanent total disability 100%. The losses listed are from IRDAI's standard policy table (Saral Suraksha Bima); your policy's own table decides on a real claim. Losses add up to 100% at most. The weekly benefit is for weeks totally unable to work, from at least 4 weeks.