Liberty Individual Personal Accident Health Insurance
Claim Settlement Ratio | 97% |
COVID-19 Cover | yes |
Network Hospitals | 6,000 |
Pre-existing Disease Waiting Period | 2 years |
Renewability | yes |
Starting Premium of Rs. 5 lakhs SI | Rs. 526/month |
About Liberty Individual Personal Accident Health Insurance
Individual Personal Accident Policy offers you basic accident protection and value-enhanced protection by way of add-on covers. The policy comes with different sum insured options that you can choose as per your requirements, ranging between Rs. 1 Lakh and Rs. 1 crore. The policy comes with value-added covers like child education benefit, cost of transportation of mortal remains, and cost of performance of death ceremony. The Proposer can customise the cover at his/her discretion. Under the policy, people aged between 18 years and 70 years can be covered. One can include self, spouse, and up to two dependent children under this policy.
You can buy an Individual Personal Accident Policy for a term of 1 year, 2 years, or 3 years, and avail discount on buying the policy for 2 or 3 years. The policy benefits include lifetime renewability benefit, free look period of 15 days, and a grace period of 30 days. You can also buy this policy even if you already have a regular medical insurance policy. This is because it compensates you with a lump sum amount as and when you require financial support due to a crisis arising in the misfortunate event of death or disablement of the insured.
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Key Inclusions and Exclusions of the Plan
What's Included
- Cover for accidental death is offered under the plan
- Cover for permanent total disability is offered under the plan
- Cover for permanent partial disability is offered under the plan
- Value added covers like child education benefit is offered under the plan
- Cover for temporary total disability due to an accident is offered under the plan
What's Not Included
- Treatment required due to childbirth or pregnancy related
- Injury, death or disablement due to self-injury, suicide, or attempted suicide
- If the insured is under the influence of drugs or liquor
- When engaging in sporting activities like ballooning or aviation
- Injury, death or disablement due to war, civil war, hostilities, etc
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Add-ons to Enhance Benefits
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Accidental Hospital Daily Cash
In the misfortunate event of the insured suffering an accident during the policy period, the insurance company pays a daily allowance for the number of days the insured is hospitalised for treatment. The benefit is paid when the hospitalisation exceeds a specific number of days. The maximum number of days for which the benefit is payable, the amount to be paid, and admission deductible amount will be mentioned in the policy schedule. -
Broken Bone
If you sustain an injury that leads to fracture of bones/dislocation of joints in one of the ways as specified in the policy document, then under this add-on, you will be paid the percentage of sum insured in case a valid claim is made. -
Life Support Assistance
If you suffer an accident during policy term for which a valid claim has been made for Permanent Total Disability, then with this add-on benefit, you will be paid for life support, the sum insured for this benefit every month as per the number of months specified in the policy document. -
Ambulance Hiring Charges
In case of an accident, if it is required to immediately transfer the insured to the nearest hospital or nursing home by ambulance offered by a service provider or healthcare provider, then the insurer will reimburse the actual expenses of transfer using the shortest route or up to a maximum amount as mentioned in the policy document.
Claim Process at Liberty Health Insurance
FAQs on Individual Personal Accident Policy Health Insurance Plan
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Can I cancel my Personal Accident Policy offered by Liberty General Policy? Will I get a refund for the same?
Yes. You can cancel your Personal Accident Policy offered by Liberty General Policy. In this case, the premium for the period at risk will be retained according to the short period rates and you will be refunded the balance. No refund will be given when a claim is notified or settled.
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What is the entry age for Individual Personal Accident Policy?
The minimum and maximum entry age to buy Individual Personal Accident Policy is 18 years and 70 years. Dependent children can be covered under this policy if they are aged between 5 years and 25 years.
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What are the variants, plan type and sum insured options available under this policy?
Individual Personal Accident Policy comes with two variants with Capital Sum Insured between Rs. 1 Lakh and Rs. 1 crore:
Unit Based Plan
- Available on individual sum insured basis
- Sum insured available ranges from Rs. 10 Lakh and Rs. 1 Crore
Flexi Plan
- Available on individual and family floater sum insured
- Sum insured ranges between Rs. 1 Lakh and Rs. 1 crore
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Will this policy cover me for Individual Personal Accident Policy even if I am out of India?
Yes. Personal Accident Policy covers you even when you are out of the country. The sum insured will be paid in Indian rupees in case of claim. The claim will be paid in India only.