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Insurance Plans India 595 views February 6, 2021
Even if you ride safely on the road, accidents can still happen and result in disablement or even death. Oriental Insurance Gramin Accident Policy helps individuals protect themselves, at least financially, from accident-related outcomes. With this accidental insurance policy, an individual can enjoy compensation in such conditions.
You would want to know more about the Oriental Insurance Gramin Accident Policy. Well, we will be telling all the important aspects of this policy such as its benefits, exclusions, etc. Keep reading to know more!
Table of Contents
As we told you earlier, an accident can result in different unfortunate instances. An individual can get compensation for the occurrence of these scenarios. We are providing all the benefits below that you can check.
You can take the policy for a minimum and maximum of 1 year and 10 years, respectively.
The premium amount for the Oriental Insurance Gramin Accident Policy depends on the policy term. Do remember that individuals can also choose to pay the premium in installments. However, for group policies, you cannot opt for the installment facility. We are showing the premium amount in the table below. Have a look!
Number of Years | Single Gross Premium (In INR) |
---|---|
1 | 5 |
2 | 9 |
3 | 12.75 |
4 | 16 |
5 | 18.75 |
6 | 21 |
7 | 22.75 |
8 | 24 |
9 | 24.75 |
10 | 25 |
Oriental Insurance Gramin Accident Policy also provides discounts to customers. The first one is a group discount where the percentage of discount will depend on the number of persons in a group. To know more, you can check the below table.
Number of Persons | Percentage of Discount |
---|---|
101 - 1,000 | 5 |
1,001 - 10,000 | 7.5 |
10,001 - 50,000 | 10 |
50,001 - 1,00,000 | 12.5 |
1,00,001 - 2,00,000 | 15 |
2,00,001 - 5,00,000 | 20 |
5,00,001 - 10,00,000 | 25 |
Above 10 lakh | 30 |
Any individual in the age group of 10 to 70 years can choose this policy irrespective of his/her employment, income, etc.
There are a few steps that you will need to do when claiming for your policy. You can check them below.
Provide an intimate notice to Oriental Insurance first.
After intimating, you will need to submit a Claim Form along with the medical certificate.
In case of the death claim, your nominee will need to submit a death certificate along with the original policy, legal heir certificate, First Information Report (FIR), and Police Panchnama.
Before choosing Oriental Insurance Gramin Accident Policy, you should know some possibilities where you will not get any compensation from the company. These are called exclusions under this policy. We are showing all of them below. Have a look!