2. Recommended policies
Family Floater Mediclaim
Term – (Life risk cover for
Earning Parents)
Personal Accident Insurance
Motor Vehicle Insurance
Home Package Insurance
3. Common problems facing by us
Life is full of uncertainties:
Accidents
Natural death
Critical illness
Diseases
Losses
Liabilities
Natural calamities
4. Why Term Cover - Solutions
Protection against the
unexpected
Term policy cover makeup
for the loss of your income
Covering financial loss
Taking care of long term
liabilities
Ultimate security for your
beloved family
5. Fixing Sum insured
Depends upon:
Age
Profession/occupation
Current Monthly expenses
Current Liabilities
Retirement Age
Life expectancy
Inflation rate
Existing policy coverage
6. Other features
Income Tax Benefit under
Sec.80 c
Choice of policy term according
to your needs – Max up to 80
years
Choice of flexible premium
payment option
Higher sum insured –
comparatively lower premium
Compare and select policies
according to your needs
7. Family Health Insurance
Covers hospitalisation
expenses(cashless/reim
bursement) incurred for
treatment of
illness/disease or injury
contracted during the
policy period for your
Family member covered
under the policy
8. Health Insurance Coverage
Room /ICU Charges
Doctors fees
Operation Theatre ,blood,
medicine, implants, diagnostic
tests organ donors expenses,
ambulance charges
Day care procedure expenses -
140 procedures
Pre hospitalisation expenses 30
days and post hospitalisation 60
days
Ayurveda and Homeopathy -
20% of Sum insured
9. Other features and benefits
Cumulative Bonus 5% -Maximum up to
50%
Health checkup after 4 claim free year
-1% of S I
Hospitalisation options –
Cashless/Reimbursement
Pre existing disease cover after 4
continuous renewals
Income Tax Benefit under section 80 D
up to Rs 15000
Policy portability before 45 days of
renewal
No Medical required up to 50 years
Age – 18 to 65 , Children 3 months to
25 years
10. Home Insurance – Risk cover
Fire
Lightning, Explosion,
Implosion, Aircraft Damage
Impact Damage
Riot, Strike & Malicious
Damage (RSMD)
Storm, Cyclone, Tempest,
Hurricane, Tornado, Flood,
Inundation, Earthquake
Subsidence, Landslide &
Rockslide
Earth quake(Add on cover)
Burglary and House breaking
11. Personal Accident Insurance
o Accidents can happen to
anyone, anytime.
o It takes away the savings
of many years.
o The after effects of
accidents can be severe.
o In such a scenario, don't
stretch your savings.
o Get your life back on
track, with the financial
backing of Personal
Accident Insurance.
12. Personal Accident – Risk cover
Accidental Death
Permanent Total Disablement
Permanent Partial Disablement
Emergency Ambulance Charges Rs.
2,000
Transportation of Mortal Remains
2% Sum Insured; max Rs. 10,000
Education Grand
Temporary Total Disablement –
weekly compensation up to 104
weeks
Accident Medical Expenses
13. Sum Insured
Sum Insured up to 75 Lakhs
Sum Insured for adult
dependent is 50% of
proposer’s sum insured,
maximum up to Rs.
50,00,000, and sum insured
for children is 25% of
proposer’s AD sum insured,
maximum up to Rs.
10,00,000.
14. Motor Vehicle Insurance
Comprehensive Car
Insurance Policy that not
only covers your vehicle
against the mandatory
third party liability but
also against the losses
caused due to fire, theft,
explosion, burglary,
riots, strikes,
earthquakes, flood,
cyclones, accidents,
malicious acts and
terrorist activities.
15. Other features
Nil depreciation policies
Compare and choose
policies
Discount up to 50% on
premium
Cashless repair facility from
network workshops
Claims consultancy
Fleet discount for transport
operators
16. Insurance policies for a low income family
Type of Insurance Name of Policy Sum Insured Premium
Home Insurance
House Holders
Package policy Building - 10,00,000 400
Contents - 2,00,000 200
Private Car Package Policy 3,00,000 5500
Personal Accident PA Policy 25,00,000 2550
Health Insurance
Family Floater
Mediclaim 1,00,000 2315
Life Insurance Term Insurance 30,00,000 5000
Total Sum Insured and premium per year 71,00,000 15,965
Per day expenses Rs. 44/
17. Insurance policies for a middle class family
Type of Insurance Name of Policy Sum Insured Premium
Home Insurance
House Holders
Package policy Building - 20,00,000 800
Contents - 4,00,000 400
Private Car Package Policy 6,00,000 10000
Personal Accident PA Policy 50,00,000 6000
Health Insurance
Family Floater
Mediclaim 4,00,000 6115
Life Insurance Term Insurance 50,00,000 8000
Total Sum Insured and premium per year 1,34,00,000 31,315
Per day expenses Rs.86/
18. Insurance policies for a upper class family
Type of
Insurance Name of Policy Sum Insured Premium
Home Insurance
House Holders
Package policy Building -30,00,000 1200
Contents - 6,00,000 600
Private Car Package Policy 12,00,000 21,000
Personal Accident PA Policy 100,00,000 11000
Health Insurance
Family Floater
Mediclaim 6,00,000 12500
Life Insurance Term Insurance 100,00,000 13500
Total Sum Insured and premium per year 2,54,00,000 59,800
Per day expenses Rs.163/
19. General features
Vehicle Insurance treated as first year renewal premium
Personal Accident policies are package policies covering so many
risks
Family floater mediclaim cover for Husband /wife/ and children’s
All premiums including service Tax @12.36%
Premium may differ from different companies /policies and also
for change in ages
Policies can take separately in different time according to clients
needs
Age assumed 35 years for proposer/30 years for spouse and two
children below 10 years
The above is a specimen for different income level family’s
insurance Risk coverage’s and premium
Income Tax Benefit for Mediclaim and Term policy premiums