TATA AIG Income Guard – Key Features

Apart from the personal suffering what suffers the most is the source of income. Tata AIG Income Guard takes care of all such uncertainties.

Key Features

• Income Guard is a Personal Accidental Plan and is the first of its kind inIndia, designed to cover Accidental Death, Dismemberment, Permanent Total Disability
• The product is easy to understand, has simple enrollment procedure, is affordable and provides valuable, meaningful protection
• Income Guard plan comes with a unique “Triple shield” benefit

What are the benefits of Tata AIG Income Guard?

Benefits table

• Spouse is covered for 50% of the second benefit taxes Up to 3 dependent children are covered for 10% each of the selected benefit

1. Accidental Death:
• In case of Accidental Death the insured person’s nominee will receive the Principal Sum as applicable
• Accidental Death of an Insured person aged Seventeen or below the maximum sum payable is 10% of the Principal Sum insured
2. Accidental Dismemberment (Partial Disability):
   (Including Loss of Sight or Hearing)
   If more than one loss results from any one accident, only one amount, the largest will be paid.
3. Loss with regards to
• Hand or foot means actual severance through or above the wrist or ankle joints respectively; eye means entire and irrecoverable loss of sight
• Thumb and index finger means actual severance through or above the joint that meets the hand at the palm
• Speech or Hearing means entire and irrecoverable loss of speech or hearing of both ears
4. Total Disability
   In case of Total Disability if the insured person is totally disabled he/she will receive a percentage of Principal Sum shown in the policy schedule The lost must occur within 365 days of the date of the accident which caused injury during the circumstances described in a Hazard and subject to the terms contained herein:

1. If the insured person suffers more than one of the losses mentioned as a result of the same accident, only one amount, the largest, will be paid
2. After the occurrence of any one of losses 1 to 5 losses there shall be no further liability under the policy in respect of the Insured person for injury sustained thereafter.

Additional benefits

• Tuition Benefit: If policy holder suffer Accidental death during the circumstances describe in a hazard, such that an Accidental Death benefit is payable under the policy. Educational allowance for child & higher educations – Rs-1,50,000
• Home Alteration & Vehicle Modification Benefit: Home alteration and vehicle modification expenses that are incurred within 1 year after the date of the accident causing losses upto maximum amount stated in the policy schedule for all such losses caused by the same accident will be covered.
• Repatriation Benefit: The actual expenses incurred for preparing the deceased for burial or cremation and shipment of the body to the city of residence of the deceased will be covered. (Not to exceed the amount of Rs. 5000)
• Family Transportation Benefit: This benefit will refund the actual expenses incurred by the immediate family member of transportation by the most direct rout by licensed common carrier to the confined insured person. ( Not to exceed the amount of Rs. 25000)

Who should buy this insurance?

Any individual from the age group of 6 months to 70 Years

Possibly Related Posts:

• Bajaj Allianz Star Package Policy – Key Features
• Bajaj Allianz Insta Insure – Key Features
• Bajaj Allianz Silver Health – Key Features
• Bajaj Allianz Hospital Cash – Key Benefits
• Bajaj Allianz Tax Gain Plan – Key Features
• Bajaj Allianz Personal Guard – Key Benefits
• Bajaj Allianz Critical illness – Key Features
• Bajaj Allianz Health Ensure – Key Features
• Bajaj Allianz Extra Care – Key Features
• Bajaj Allianz Family Floater Health Guard – Key Features