Salient Features

Policy covers  Non-Resident Indians in the age range of 5 and 70 years.

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Scope of Cover

 There would be three schemes based on Capital Sum Insured for the Insured to choose one 10% Discount on premium is allowed if the family of the NRI is insured under the policy.

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Capital Sum Insured

                Scheme A          -               Rs.  3,00,000/-

Scheme B          -               Rs.  5,00,000/-

Scheme C          -               Rs. 10,00,000/-

The detailed coverage under both the schemes would be as follows.

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Table Benefits

                Compensation payable (Rs.)

                    Scheme A        Scheme B        Scheme C

1.       Death due to Accident                                                 3,00,000             5,00,000            10,00,000

2.       Permanent Total Disablement due to accident     3,00,000             5,00,000            10,00,000

3.           Loss of 2 limbs or 2 eyes or 1 limb

          And 1 eye due to accident                                          1,50,000             2,50,000            5,00,000

4.           Loss of 1 limb or 1 eye due to accident              1,50,000            2,50,000             5,00,000

5.           Actual expenses incurred following death

(Occurring in foreign country and due to accident

or sickness only)  including carriage of dead body

to India subject to a maximum of                              50,000               50,000                50,000

6.           Actual Cost of Air Tickets (For the insured person

Person and to and fro Air tickets for one person to

Accompany him in case an Insured person is brought

To India ALIVE (for treatment or otherwise following

An accident injury abroad and if a valid claim is

Admitted by the company under item 1 to 4 of the

Table of benefits of the policy.                                  50,000                50,000               50,000

7.           Education Fund (in case of one or more dependent  5,000        5,000                 5,000

Children) to follow the basic claim ie., claim               maximum            maximum          maximum

Under either 1 to 4 above

8.           Medical Expenses :                                                     5,000                  5,000                 5,000

(Following upon Accident and incurred in India )       (during the          (during the           (during the

provided claim is entertained under either of 1 to          entire policy        entire policy      entire policy

4 above.                                                                            Period)                period )               period)

The optional provision of covering Insured spouse and children has now been incorporated in the Policy

With the following guidelines :-

 (i)                   If both the proposer and the spouse are employed abroad, both can choose the same scheme ie. Either of scheme A, B, or C. 

(ii)                 If only the proposer is employed abroad, the CSI for the unemployed spouse has to be choosen at  Least one scheme lower and for children, the lowest scheme ie. Scheme A for a CSI of Rs.3,00,000/- should be choosen.

In case of family coverage, a family discount of 10% will be allowed.

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Period / Term

 5 years

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Note

1.       If the NRI is already covered by any such policy, please provide the policy details . In such cases

Only the spouse and children can be covered.

2.       The first applicant / Insured should be an NRI

3.       Additional applicants should be either spouse or children of NRI , (they can be residents)

4.       Children will be eligible for Scheme A only.