Kotak Accident Care Insurance Plan

Listed below are the salient features and benefits of Kotak Accident Care Plan.

1. Accidental death: 100% of the insured amount will be paid to the nominee as “Death Benefit” in the event of the insured’s accidental death.

2. Permanent Total Disablement : A claimant who has sustained permanent total disability as a result of an accident is entitled to a reimbursement equal to 100% of the amount covered. Learn more about what is meant by permanent total disability under this plan.

3. Permanent Partial Disablement: The reimbursement entirely depends on the extent of the disability if the insured has a permanent partial disability. Learn more about the compensation in accordance with the severity levels described here.

4. Temporary Total Disablement: If you are temporarily totally disabled, you will receive weekly compensation. Payout will be given in accordance with the chosen plan for a maximum of 100 weeks.

5. Children Education Grant: The unmarried dependent child under the age of 25 of the insured person is guaranteed ongoing schooling thanks to this characteristic. The policy schedule must include information about payout.

6. Ambulance Charges: Under this provision, the insurer covers the cost of getting the covered individual to the hospital via ambulance. Payout will depend on the actual, reasonable, and customary expenses incurred, up to the policy’s predetermined amount.

7. Carriage of Dead Body: This benefit covers the costs associated with moving the deceased individual insured from the scene of death to their home.

8. Funeral Expenses: Funeral expenses are the costs associated with planning and conducting a funeral. A fixed percentage of the insured amount is paid by the firm as funeral costs when an insured person dies in an accident.

9. Broken Bones: This benefit covers the costs associated with treating fractured or broken bones that resulted from an accident. The severity of the injury indicated in the policy schedule normally determines the payout. The maximum reimbursement will be the amount insured for “Accidental Death.”

10. Burns Benefit: This benefit covers the costs associated with treating burns the insured sustained as a result of an accident. The severity of the injury indicated in the policy schedule normally determines the payout. The maximum reimbursement will be the amount insured for “Accidental Death.”

11. Customization of Home or Vehicle: This function aids in the modification of a home or automobile. In the event of “permanent whole disability” and “permanent partial disability,” the insured receives payment.

12. Accidental Hospital Daily Cash benefit: For unintentional hospitalisation, this feature offers the insured a daily cash compensation. It is only available if the hospitalisation is required within seven days of the accident.

13. Accidental Hospitalization Expenses Reimbursement: The covered person is qualified for the hospitalisation reimbursement benefit under this feature. This provision provides coverage for medical costs that are typically reasonable, essential, and unquestionably caused by an accident within the insurance period.