Chola Accident Protection Insurance Plan 2024 Benefits, Features, Buy & Renew Details, Reviews

Chola Accident Protection Insurance Plan 2024: The Chola Accident Protection Insurance Plan for 2024 has been meticulously crafted to offer safeguarding to individuals and businesses in the unfortunate occurrence of a severe accident. With Chola APIP, you can find solace in the assurance that you and your dear ones are covered should a tragic event unfold. Should you be intrigued to learn more about Chola APIP or require assistance in identifying the optimal policy for your requirements, please don’t hesitate to reach out today. We are delighted to engage in a discussion about your alternatives and aid in selecting the most suitable policy for your needs.

The Chola Accident Protection Policy extends financial security to you and your family in the face of accidents or other unforeseen circumstances. This policy guarantees that essential assistance will be available to your family during challenging periods. Coverage under the policy is extended to individuals between the ages of six months and 69 years. The company may, in specific instances, extend coverage to individuals beyond that age bracket based on specific merits. The Accident Protection Policy comes with a one-year duration and is available for both individuals and families. The policy offers a range of sum insured options, beginning from as low as Rs. 5 Lakh and reaching up to Rs. 1 crore.

Chola Accident Protection Insurance Plan 2024

The Chola Accident Protection Insurance Plan 2024 has been carefully crafted to offer comprehensive coverage to individuals and businesses in the unfortunate event of a severe accident. With Chola APIP, you can rest assured that you and your loved ones will be supported should a tragic incident occur. If you’re keen to delve deeper into the details of Chola APIP or need assistance in selecting the most suitable policy for your needs, don’t hesitate to reach out to us today. We’re more than delighted to engage in a conversation about your choices and guide you towards the optimal policy for your requirements.

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The Chola Accident Protection Policy extends coverage in the unfortunate event of the insured individual’s accidental demise due to an accident, accidental injury leading to permanent total disability, or accidental injury resulting in permanent partial disability. Furthermore, the policy furnishes supplementary benefits such as weekly compensation for fractures, modifications to your home or vehicle, coverage for family transportation, private tuition fees, daily hospital cash, repatriation of deceased individuals’ remains, cremation expenses, and akin safeguards. In essence, this policy provides tranquility of mind, boasts affordability, and constitutes an investment in the security of your family.

Chola Accident Protection Insurance Plan Details 2024

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Cholamandalam Chola Accident Protection Insurance 2024

This blog post will delve into the array of accident protection insurance options accessible to accident victims, assisting you in making an informed decision about the most suitable choice for your situation. Additionally, we will provide insights into the claims process and its functioning. Therefore, if you have been impacted by the Cholamandalam Chola Accident, read on to gain a comprehensive understanding of the alternatives at your disposal.

The policy is open to both individuals and families in the event of an accident. It encompasses provisions for weekly compensation following disability or death and is applicable on a global scale.

Eligibility Criteria:

Minimum age: 18 years
Maximum age: 69 years Dependent children (up to 25 years of age) are eligible under the family option.

Category Details
Age Group Min Entry Age: 18 Years Max Entry Age: 69 Years for Proposer & Spouse
Min Entry Age: 6 Months Max Entry Age: 25 Years for Dependent Children
Renewal Age Life Long Renewal
Policy Tenure 1 Year
Family Definition Individual & Family – Self, Spouse and Dependent Children

Chola Accident Protection Insurance Plan Policy Details 2024

The Chola Accident Protection Insurance Plan is your shield against potential consequences, safeguarding you and your loved ones. Furthermore, we will furnish valuable insights on optimizing the benefits of this insurance plan, ensuring you make the most of its offerings. Therefore, if you seek tranquility of mind post an accident, be certain to delve into this blog post.

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Policy Advantages:

  1. Involuntary Demise: In the unfortunate event of the insured’s demise during the policy tenure, the nominated individual receives the insured sum.
  2. Total and Permanent Incapacity: If total and permanent incapacity endures for a full year, a portion of the insured sum is safeguarded against such disability.
  3. Weekly Compensation: Compensation addresses the income loss stemming from disability.
  4. Fractured Bones: Treatment expenses pertaining to fractures and accidental bone damage are covered by a predetermined sum.
  5. Accommodation or Vehicle Modifications: Costs linked to adapting a residence or vehicle are accounted for in the event of total and permanent disability.
  6. Family Transportation Benefit: Expenses incurred to transport a family member due to the insured’s accidental demise or total disability are covered.
  7. Private Tuition Expenses: If an insured student is unable to attend school or college due to an accident, the insurance company covers their tuition fees.
  8. Ambulance Charges: The costs of ambulance services post an accident are catered to by the policy.

With the Chola Accident Protection Insurance Plan, you’re not just protected; you’re empowered.

Benefits for Family 2024

Sum Insured 5 Lacs 7.5 Lacs 10 Lacs 15 Lacs 20 Lacs 25 Lacs 50 Lacs 75 Lacs 1 Crore
Accidental Death – Spouse 2.5 Lacs 3.75 Lacs 5 Lacs 7.5 Lacs 10 Lacs 10 Lacs 10 Lacs 10 Lacs 10 Lacs
Permanent Total Disability – Spouse 2.5 Lacs 3.75 Lacs 5 Lacs 7.5 Lacs 10 Lacs 10 Lacs 10 Lacs 10 Lacs 10 Lacs
Permanent Partial Disability – Spouse 1.25 Lacs 1.87 Lacs 2.5 Lacs 3.75 Lacs 5 Lacs 5 Lacs 5 Lacs 5 Lacs 5 Lacs
Accidental Death – Per Child 50000 75000 1 Lac 1.5 Lacs 2 Lacs 2.5 Lacs 5 Lacs 5 Lacs 5 Lacs
Permanent Total Disability – Per Child 50000 75000 1 Lac 1.5 Lacs 2 Lacs 2.5 Lacs 5 Lacs 5 Lacs 5 Lacs
Permanent Partial Disability – per Child 25000 37500 50000 75000 1 Lac 1.25 Lac 2.5 Lacs 2.5 Lacs 2.5 Lacs
Tution Fees Per Child – Rs. 250 Per Day 5000 5000 5000 5000 5000 5000 5000 5000 5000
Cumulative Bonus 5% on renewals up to maximum of 3 years of period
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Features For Inclusions and Exclusions of the Plan 2024

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Included in the Coverage:

  • Accidental demise of the insured individual resulting from an accident
  • Accidental injury leading to Permanent Total Disability
  • Permanent Partial Disability caused by accidental injury
  • Weekly compensation for income loss due to disability caused by an accident
  • Fixed compensation for bone fracture(s) resulting from an accident

Not Covered in the Plan:

  • Intentional or self-inflicted injuries, including suicide or suicide attempts
  • Violations of the law committed by the insured are not covered under the policy
  • War, invasion, capture, acts of foreign enemies, rebellion, national war, seizure, insurrection, etc.
  • Involvement in maritime, military, or air force operations
  • Loss incurred or contracted due to the insured being under the influence of alcohol or drugs

Exclusion – Chola MS Accident Protection Plan 2024

The following instances of Accidental Bodily Injury suffered by the insured will not be covered:

  • Suicide, attempted suicide, self-inflicted injury, or illness.
  • Influence of alcohol or drugs.
  • Resulting from the insured person(s):
    • Committing any breach of law with criminal intent.
    • Being under the influence of alcohol or drugs.
  • Pregnancy, childbirth, miscarriage, abortion, or complications arising from these.
  • Exposure to thermal power, radiation, etc.
  • Hospital Cash: Provides a daily allowance as outlined in the policy plan for hospitalization due to illness or accidents.
  • Repatriation of Mortal Remains: Expenses related to funeral or repatriation of remains, in the event of the insured’s death in a foreign country, are covered.
  • Expenses due to suicide/self-inflicted injury, sexually transmitted diseases, mental/nervous disorder, anxiety or depression.
  • Injuries due to involvement in war, invasion, or terrorist activity.
  • Participation in winter sports, skydiving, scuba diving, or related sports activities.
  • Exposure to radioactive substances or diseases due to intoxication.