Aditya Birla Activ Secure – Personal Accident Plan can be your reliable shield for the future. It emerges as a support system in the event of an accident resulting in the insured’s demise or disability. In other words, it goes beyond a mere policy, aiming to uphold the uninterrupted well-being of your family and ensuring that their financial security remains intact even in challenging times.
One of the key features of Aditya Birla Activ Secure – Personal Accident Plan is its zero waiting period, ensuring instant coverage when needed. Additionally, global coverage flexibility adds reassurance for dynamic lifestyles and frequent travelers.
This complete guide covers the depths of Aditya Birla Activ Secure – Personal Accident plan, emphasizing its role in safeguarding individuals and ensuring the financial stability of their loved ones in unexpected situations.
Key Highlights of Aditya Birla Activ Secure – Personal Accident Plan
- Sum insured ranging from Rs 1 lakh to a substantial Rs 20 crore, offering a flexible coverage spectrum tailored to individual needs
- Policy tenure options including 1 year, 2 years, and 3 years, allowing policyholders to select a duration that aligns with their long-term financial planning
- Network hospitals to provide extensive coverage with a network spanning over 10000+ hospitals ensures access to quality healthcare facilities in times of need, minimizing stress during emergencies
- Incurred Claim Ratio (2020-21) of 49.99%, indicating efficient claim settlements
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Benefits of Aditya Birla Activ Secure – Personal Accident Plan
- This comprehensive personal accident insurance plan ensures coverage in the unfortunate event of the insured’s death or disability due to an accident, filling a crucial gap often overlooked by standard health plans.
- Unlike typical health insurance policies, Aditya Birla Activ Secure – Personal Accident plan offers immediate coverage from day 1. The absence of a waiting period ensures that accidental injuries are addressed promptly without unnecessary delays.
- The plan also rewards policyholders for responsible health management with a cumulative bonus of 5% for each claim-free year (maximum of 50%). This bonus elevates the sum insured amount without any additional premium.
- Access to quality healthcare is simplified through the extensive network of 10000+ hospitals nationwide. Policyholders can benefit from cashless hospitalization, streamlining the medical care process during times of need.
- The health insurance plan offers financial advantages beyond coverage, allowing policyholders to claim tax benefits under Section 80D of the IT Act.
Inclusions of Aditya Birla Activ Secure – Personal Accident Plan
Aditya Birla Activ Secure – Personal Accident Plan offers five variants (Plan I to Plan V) with extensive coverage for diverse medical expenses. Here’s a brief overview of the key inclusions:
- 100% of the sum insured to the policyholder’s family in the unfortunate event of the insured’s demise due to an accident
- Coverage for permanent total disability resulting from an unfortunate accident
- Coverage for permanent partial disability resulting from an accidental injury
- Lump sum amount dedicated to the insured’s child education in case of his/her accidental death or permanent total disablement
- Coverage for the cost of emergency road ambulance services, facilitating swift transportation from the accident site to the hospital, with a maximum coverage of Rs 10,000
- Lump sum coverage for the funeral expenses in the unfortunate event of the insured’s passing due to an accident
- Lump sum cover of Rs 50,000 for the repatriation of the insured’s mortal remains in case of accidental death, easing logistical burdens for the family
- Orphan benefit to ensure financial support for the well-being of the dependent child of the insured, especially in the case of the insured’s accidental demise
- Modification benefit covering the expenses associated with modifying the insured’s house and vehicle (maximum Rs 1 lakh) in case of permanent total disablement or partial disablement
- Compassionate visit coverage for the cost of return air tickets for an immediate relative of the insured, particularly when the insured meets with an accident leading to death or permanent total disablement.
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Optional Inclusions Under This Plan
- Coverage for temporary total disablement resulting from an accidental injury, extending support for a maximum period of 100 weeks
- Accidental in-patient hospitalization to cover medical expenses incurred during in-patient hospitalization and day care treatments necessitated by an accidental injury
- EMI Protect that works as a safety net by covering the EMI of the insured for three months in the event of accidental death, permanent total disability, or permanent partial disability
- Broken bones benefit to address medical expenses related to the treatment of broken bones resulting from an unfortunate accident
- Loan Protect cover to settle the remaining loan amount of the insured in the case of accidental death or permanent total disability, applicable for a sum insured of up to Rs 10 crore
- Burn benefit to offer a lump sum amount to the insured in the case of severe burns resulting from an accident
- Coma benefit to provide a lump sum amount to the insured’s family if the insured enters a coma due to an accidental injury
- Accidental medical expense cover for OPD consultations and day care procedures in the unfortunate event of the insured’s death or disability due to an accident.
- Adventure sports coverage to provide financial support (lump sum amount up to Rs 10 lakh) in case the insured faces accidental death or permanent total disability while participating in adventure sports activities
- Worldwide emergency assistance services to ensure global protection in the form of emergency medical evacuation/repatriation services to the insured in case of accidents while traveling abroad
- Wellness coach benefit offering a wellness coach to the insured, guiding them in maintaining a healthy lifestyle through weight management, nutrition, activity & fitness, and tobacco cessation
These optional coverages underscore Aditya Birla Activ Secure – Personal Accident Plan’s commitment to providing tailored protection that goes beyond the conventional, ensuring comprehensive coverage for your well-being.
Common Exclusions of Aditya Birla Activ Secure – Personal Accident Plan
- Medical expenses related to pre-existing conditions
- Instances of self-harm or suicide
- Bacterial infections except those resulting directly from an accidental injury
- Medical expenses related to mental illness
- Accidents occurring under the influence of alcohol or intoxicants
- Medical expenses related to pregnancy
- Costs associated with routine preventive health check-ups
- Medical expenses related to sexually transmitted diseases
- Treatment costs for hernia
- Medical expenses related to venereal diseases
Eligibility Criteria to Buy Aditya Birla Activ Secure – Personal Accident Plan
- Minimum Entry Age: 5 years
- Maximum Entry Age: Up to the age of 65 years
- Coverage Type: individual coverage
- Number of Relationships: Up to 10
- Relationships Covered: Self, Spouse, Children, Parents, Parents-in-law
As detailed here, Aditya Birla Activ Secure – Personal Accident Plan is designed for everyone, covering individuals and families with diverse needs. Whether you’re looking for coverage for yourself, your spouse, children, or extended family like parents and parents-in-law, the plan aims to offer personalized and comprehensive protection across various life stages.
FAQs
Is Aditya Birla Activ Secure – Personal Accident Plan suitable for all age groups?
Yes, the plan offers coverage for individuals as young as 5 years old and extends eligibility up to the age of 65, ensuring a wide range of age groups can benefit from its protection.
Can I cover multiple family members under a single policy?
Absolutely, the plan allows coverage for up to 10 relationships, including self, spouse, children, parents, and parents-in-law, offering a comprehensive family protection solution.
What medical expenses are covered under the plan?
The plan covers a range of medical expenses, including accidental death, permanent total disablement, education benefit, emergency road ambulance, and more. Refer to the policy details for a comprehensive list.
Is there a waiting period for coverage to begin?
No, the policy comes with zero waiting period, ensuring immediate coverage for accidental injuries from day 1. Check the policy document for more details.
How does the cumulative bonus work?
For every claim-free year, the plan offers a cumulative bonus of 5% (maximum 50% cumulative). This bonus increases the sum insured amount without paying any additional premium.
Disclaimer:
The information shared on this platform concerning insurers, their products, services, or offerings is strictly for informational purposes. Updates may occur without prior notice, and it should not be construed as professional advice or an endorsement to procure any specific insurance product or service. Reliance on such information is solely at your own discretion and risk.