Gramin Suraksha Bima policy helps to provide an accident insurance at an affordable
cost to members of Micro Finance Institutions, Non Government Organisations, Government
Sponsored Organisations and such affinity groups / institutions in rural and social
sectors.
This Policy is available to persons between the age of 18 and 60 years who are Members
(in groups) of Micro Finance Institutions, Non Government Organisations, Government
Sponsored Organisations and such affinity groups / institutions in rural and social
sector. Such a Member’s spouse also can be insured.
- Accidental Death:Covers the insured in case of loss of life in an accident.
- Permanent Disablement:Pays a benefit if the insured is permanently disabled
in an accident.
Optional Benefits
- Dependent Child Education Benefit: Pays a benefit per dependent child below
the age of 21 years (upto a maximum of two dependent children) by way of an education
grant on accidental death or permanent total disablement of the Insured Member.
- Dependent Girl Child Wedding Benefit:Pays a benefit for marriage of only
one dependent girl child below the age of 21 years on accidental death or permanent
total disablement of the Insured Member.
The premium payable on the policy would be dependent on the benefits purchased.
No compensation will be paid under this policy:
- Under more than one head in the Benefit Table given before for the same injury or
disablement.
- For death, injury or disablement (i) directly or indirectly arising out of or contributed
by any preexisting disablement (ii) from intentional self injury, suicide or attempted
suicide (iii) whilst under the influence of intoxicating liquor or drug (iv)
arising out of or resulting from breach of law with criminal intention (v) directly
or indirectly caused by venereal disease(s), AIDS, or insanity (vi) whilst engaging
in aviation or ballooning or whilst mounting into, dismounting from any balloon
or travelling in aircraft other than as a passenger (fare-paying or otherwise) in
any duly licensed standard type of aircraft anywhere in the world or engaging in
hazardous sports of any kind whatsoever (vii) attributable directly or indirectly
to war or war-like operations, ionising radiation or contamination by radioactivity
from any source and nuclear weapons material.
- For death or disablement directly or indirectly caused by, contributed to, or aggravated
by, or prolonged by child birth or from pregnancy or as a consequence thereof.
This an illustrative list of Exclusions. For detailed list kindly refer the policy
wordings.
Claims shall be assessed and paid on the basis of the relevant documents submitted
to the Company.
On the occurrence of any event due to which a claim may arise under this policy,
prompt notice must be given to the Company
This content is descriptive only. Actual coverage is subject to the language of
the policies as issued.