Group Insurance June 2, 2021

Raheja QBE Group Personal Accident Policy

Are you looking for a policy that can provide financial support in case of accidental death or disability? Raheja QBE Group Personal Accident Policy provides financial compensation if an insured member under a group meets with an accident that results in death or disability. This policy from Raheja QBE provides benefits according to the injury sustained by you and/or your employee/group members in an accident during the policy period.

You would like to know its prominent features mentioned below before going further. Please check!

  1. Coverage against accidental death
  2. Coverage against permanent or total disablement
  3. Ambulance charges coverage
  4. Transportation cost for carriage of a dead body
  5. Loss of employment coverage in case of a disability
  6. Compensation benefit
  7. A 15-day free look period
  8. Tax benefits under Section 80D of the Income Tax Act, 1961

Read through this page to understand everything about Raheja QBE Group Personal Accident Policy. We will also discuss what is not covered under this plan. Read on!

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Let’s Understand the Features and Benefits of Raheja QBE Group Personal Accident Policy in Detail

As we mentioned earlier, this policy from Raheja QBE provides financial compensation in case of accidental death or disability to the insured member during the policy period. We are discussing its features and benefits in detail below. Please check!

Accidental Death Benefit

If an insured person dies due to bodily injuries arising out of an accident, the policy will pay the sum to the nominee or beneficiary. Also, death should happen within twelve calendar months of the occurrence of the accidental injury to get the payout.

Permanent Total Disablement Coverage

This policy will pay the compensation amount for the following accident-related injuries.

  1. Total and irrecoverable loss of sight in both eyes, or of the actual loss by physical separation of two entire hands or two entire feet, or of one entire hand and one entire foot or such loss of sight in one eye and such loss of one entire hand or one entire foot of the Insured Person
  2. Loss of use of two hands or two feet or of one hand and one foot or of such loss of sight in one eye and such loss of use of one hand or one foot of the Insured Person

50% of the sum insured will be given in case the following losses happen to the insured person due to accidental injuries during the policy period.

  1. The sight of one eye, or the actual loss by physical separation of one entire hand or one entire foot, of the Insured Person
  2. Use of a hand or a foot without physical separation of the insured person

Under the permanent total disablement coverage, if an insured member is unable to engage in any gainful employment or occupation, he/she will get a lump sum amount of up to 2% of the sum insured.

Permanent Partial Disablement Coverage

Raheja QBE Group Personal Accident Policy provides compensation in case of an accidental injury that results in permanent partial disablement within 12 months of the occurrence of such injury.

Temporary Total Disablement Coverage

If an insured person faces temporary disability due to accidental injuries, which are preventing him/her from attending to business or occupation temporarily, this policy will pay either 1% of the sum insured or INR 5,000 per week, whichever is lower (for a period not exceeding 104 weeks from the date of injury to the time he/she is fit enough to resume his/her occupation).

Additional Benefits

Raheja QBE Group Personal Accident Policy also provides the following benefits to the insured members.

  1. The policy will provide coverage against the expenses incurred on transporting the insured person’s mortal remains and funeral up to 1% of the sum insured or INR 2,500, whichever is lower.
  2. This Group personal accident policy also provides compensation against loss or damage to the insured person’s clothing in an accident up to INR 1,000.
  3. If an insured person needs to get transported to a nearby hospital via ambulance after an accident, the policy will cover costs up to INR 1,000 per policy period.
  4. Insured members can also be ensured about their children’s education in case of their death or permanent total disability due to an accident. The reason being it provides education assistance up to INR 5,000 per dependent child (up to two children).

Medical Expenses Extension

You can also get reimbursement of necessary medical expenses towards the treatment of accidental injuries if you pay an additional premium.

Hospital Confinement Allowance

Under this benefit, the insured person will get a daily allowance of INR 500 per day up to 30 days if the insured person needs hospitalization due to an accident resulting in death, bodily injury or disablement,

Raheja QBE Group Personal Accident Policy Eligibility Criteria

The policy is available for individuals between 5 to 65 years. The maximum renewal age stands at 70 years for all policyholders.

What are the Major Exclusions Under the Policy?

Raheja QBE Group Personal Accident Policy will not provide coverage in the following situations.

  1. Compensation under more than one of the benefits
  2. Death, injury, or disablement due to intentional self-injury, suicide, or attempted suicide
  3. Under the influence of drugs and alcohol
  4. Any pre-existing condition or disability
  5. War and warlike occurrence or invasion, civil war, mutiny, etc.
  6. Nuclear, Chemical or biological attack or weapons
  7. Death or disablement by childbirth or from pregnancy
  8. On duty with armed forces
  9. Breach of law with criminal intent

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