For Disablement of Insured women –

For Death –

• For married women – Policy provides compensation of Rs.25,000/- in the event of death of husband due to accident.
• For unmarried women – Policy provides compensation of Rs. 25,000/-in the event of death of the insured to the nominee/legal heir.

 

Temporary Total Disablement	Rs.500/- per month subject to a maximum of Rs.1,500/
Expenses incurred for legal Divorce proceeding	Actual not exceeding Rs.2,000/-
Loss/damage to Household Fire, flood, riot, terrorism	Up to a limit of Rs.2,000/-

Death/Disablement would mean not only Death/Disablement arising out of accident, but also include death during child birth at hospital, and surgical operation such as sterilisation, caesarean, hysterectomy and removal of breast due to cancer provided that it occurs within 7 days from the date of operation.

As a special case we can consider in the event death due to accident of married women, husband gets the compensation of Rs.25,000/- with an additional premium of Rs.9/-. This cover is only death due to accident and disablement is not considered under the policy.

 

Group discount varies from 5% to 30% based on the group size. Long Term Discount ranges from 5% to 20% depending upon the period of insurance.

 

• Policy provides cover not only for the disablement of women but also for the death of her husband.

• Additional cover provides for Temporary Total Disablement and also for loss/ damage to household goods.

	Basic Cover
	Benefits Provided
	Premium
	Discounts
	Unique Features

• Cover is applicable to two children in the age group of 0 to 18 years whose parents’ age does not exceed 60 years.

• Cover is to provide relief to insured children in the case of death of either/both of the parents arising out of accident.

• In the event of death of the parent(s), Rs.25,000/- will be deposited in the name of the child with the GIC Asset Management Co. Ltd. and the benefits will be provided as under –

 

Age of the children	Amount of Relief	Payable to
1-5 years	Rs.1,200/-per annum	Surviving parent or guardian
6-11 years	Rs.1,200/- per annum	Surviving parent or guardian, provided the expenditure is incurred for the children’s education
12-17 years	Rs.2,400/- per annum	Surviving parent or guardian provided the expenditure is incurred for the children’s education
18 years	Balance amount to the child’s credit	To the children on attaining the age of 18 completed years

In the event of the death of the children before attaining 18 years, the balance amount standing to the credit of the children will be paid to the surviving parent/guardian.

 

Rs.15/- per child per annum.(coverage limited to two children only and the premium would be Rs.30/- per annum.)

Varies from 5 to 30% depending upon the group size.