Max Bupa Personal Accident Plan 2023
Niva Bupa (formerly known as Max Bupa) is a health insurance company that operates independently in India, which was established through a collaboration between Max India Limited and Bupa, a UK-based health service provider. Niva Bupa offers a range of health insurance and personal accident plans to provide comprehensive coverage for various types of risks. Niva Bupa’s health insurance plans include Critical Illness, Hospital Cash, and Personal Accident Plan, which offer flexibility to cover sudden and unexpected events.
The Personal Accident Plan is a defined benefit plan that offers financial protection to policyholders and their dependents in case of death, partial, temporary, or permanent disability caused by an accident. The plan provides coverage up to 25 times the annual income of the policyholder. The key highlight of the Personal Injury Plan is the Temporary Total Disability (TTD) benefit, which provides 2% of the basic sum insured per week (up to Rs 100,000 per week) to provide financial support for policyholders who experience temporary disability and loss of income due to an accident. Niva Bupa also offers non-income members a TTD at 1% of the basic insurance amount per week (up to Rs 25,000 per week). This benefit also covers accidents such as coma and burns.
Max Bupa Personal Accident Plan Scheme 2023
Niva Bupa’s personal accident plan covers various risks associated with an accident or other unforeseen events, including Accidental Death, Permanent Total Disability, Permanent Partial Disability, Child Education Benefit Plan, and Funeral Expenses. Accidental Death coverage provides the insured amount if the death occurs within 90 days of the Accidental Personal Injury caused solely by an accident. Permanent Total Disability covers up to 125% of the insured amount and means the inability of the insured to perform at least one of the actions listed below: inability to work, loss of use of limbs or vision, and loss of independent living. The Permanent Partial Disability coverage provides a certain percentage of the residual disability insurance money, according to the table provided by the company.
The Child Education Benefit Plan provides benefits to the children of the insured person in case of accidental death or permanent disability. In the event of the insured’s accidental death or permanent disability, the child will receive 5% of the insured amount or Rs 50,000, whichever is lower.
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Benefits of the Niva Bupa Personal Accident Plan are:
- Financial protection: The plan provides financial protection to policyholders and their dependents in the event of death, partial, temporary, or permanent disability.
- Flexible coverage: The personal accident plan is a defined benefit plan that provides flexibility to cover sudden and unexpected events. The plan covers a variety of risks associated with an accident or other unforeseen event.
- Temporary Total Disability benefits: The plan offers Temporary Total Disability (TTD) benefits which provide 2% of the basic sum insured per week (up to Rs 100,000 per week) to provide financial support to cover the policyholder. Temporary disability and loss of income may occur in the event of an accident. The company also offers non-income members his TTD at 1% of the basic insurance amount per week (up to Rs 25,000 per week). This benefit is also granted for accidents such as coma and burns.
- Comprehensive coverage: The personal accident plan covers various types of risks associated with an accident or unforeseen event, such as an Accidental Death Plan, Permanent Total Disability Plan, Permanent Partial Disability Plan, Child Education Benefit Plan, and Funeral Expenses.
- Child Education Benefit: The plan offers a child education benefit where only children are eligible for the insured person’s plan. In case of accidental death or permanent disability, the plan offers 5% of the insured amount or Rs 50,000/-, whichever is lower.
- Funeral Expenses: In case of accidental death, the plan provides Rs. 5000 for the funeral expenses of each insured person.
- Family coverage: The personal accident plan covers both individuals and families, providing comprehensive coverage for all members.
- Easy to buy and renew: The plan is easy to buy and renew, providing hassle-free coverage to policyholders.
- Trusted brand: Niva Bupa (previously known as Max Bupa) is an independent health insurance company that is a collaboration between Max India Limited and Bupa, a UK-based health service. The company has over 60 years of experience in the healthcare industry and is a trusted brand in India.
The motive of This Scheme
The main motive of the Niva Bupa (previously known as Max Bupa) health insurance scheme is to provide comprehensive financial protection to policyholders and their dependents in the event of sudden and unexpected health risks, accidents, or disabilities. The scheme aims to provide flexibility and convenience to policyholders by offering a variety of health insurance plans and personal accident plans that cover all types of risks. The plan covers critical illnesses, hospital cash, personal accident, accidental death, permanent total disability, permanent partial disability, child education benefits, and funeral expenses. Overall, the scheme’s primary objective is to provide policyholders with peace of mind by providing them with financial security and protection against unforeseen medical expenses and related financial liabilities.
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How to Apply Online for Max Bupa (now Niva Bupa) Personal Accident Plan 2023?
- Step 1: Visit the official website of Niva Bupa (https://www.nivabupa.com/).
- Step 2: Navigate to the ‘Products’ section and select ‘Personal Accident Plan’ from the dropdown menu.
- Step 3: Click on the ‘Buy Now’ button to proceed with the application process.
- Step 4: Fill in the required personal and contact details, such as your name, age, email ID, phone number, etc.
- Step 5: Choose the type of coverage you require based on your individual needs and requirements.
- Step 6: Select the policy period and sum insured amount.
- Step 7: Review the terms and conditions of the policy and the premium amount payable.
- Step 8: Pay the premium online using a debit card, credit card, net banking, or other available payment modes.
- Step 9: After successful payment, you will receive a confirmation email and policy documents in your registered email ID.
In case of any doubts or queries during the application process, you can contact Niva Bupa customer support through their toll-free number or email ID provided on the website.
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