• Accidental Death Benefit (ADB): Accidental Death rider policy coverage provides an additional one Sum Assured along with a Principal Sum Assured for the basic life policy if the insured employee dies due to an accident. That means a total of 2x Sum Assured is payable, where 1x SA is for Basic Life Policy and another 1x SA is for the Accidental Death rider policy.

• Accidental Permanent Total Disability (APTD): This coverage provides payment of a lump-sum amount that is equal to the principal Sum Assured (SA), if the Insured Employee becomes totally & permanently disabled from bodily injury directly through an accidental means, so as to be wholly prevented from performing any occupation for remuneration or profit.
• Accidental Permanent Partial Disability (APPD): This coverage provides a payment to Insured Employees in the event of complete and irrecoverable physical loss or loss of use of specific parts of the body from bodily injury directly through an accidental means as per the schedule of benefit in percent (%) under PPD.
• Hospitalization/In-Patient General (IPD): Covers eligible treatment expenses while admission to a hospital for admissible issues like Sickness or Accident etc.
• Hospitalization/In-Patient Maternity: Covers eligible treatment expenses while admitted to a hospital for Maternity Issues like Pregnancy, Delivery, C/S, Miscarriage, etc.
• Out Patient General (OPD-Gen): Covers eligible treatment expenses for OPD treatment (except Dental & Optical), where admission to the hospital is not required.
• Out Patient Optical (OPD-Opt.)
• Out Patient Dental (OPD-Dent.) and
• Critical Illness-8 schemes.

N.B. Standalone supplementary or rider coverages are applicable only along with Basic Policy.  

In short, the risk coverage amount for the basic Life Policy of an individual in terms of benefit amount is called Sum Assured (SA). In other words, iit is the insurance amount or risk coverage amount for a Basic Life Insurance Policy of an individual, based on what insurance company receive premium and commit to pay this amount to the designated beneficiary in case of death of said individual within the policy term is called Sum Assured / Face Amount.

O1x Sum Assured is Payable on the Death of an Insured.

How to fix Sum Assured (SA)?

• Flat Coverage: Same for all Employees.
• Earnings Base: 12 / 24 / 36 times of Monthly Basic Salary.
• Position Base: Designation/ Grade-wise flat coverage.

• 24/7 Worldwide insurance coverage-at work, at home, at play/leisure.
• Fosters improvement in the staff morale.
• Premium paid by the company is Tax deductible.
• Customizable to suit employee needs.
• Flexibility to enhance family protection through wide range of Riders as per suitability.
• Simplified risk assessment procedure.
• Cost Effective-cheaper comparing individual life policy.
• Claim Settlement within 5 working days.