Personal Accident Policy Final

8/9/2019 Personal Accident Policy Final

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. Carrying you for ever


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Dont need it Very few people die of an accident.According to ARC of BUET. In Bangladeshthere is an accidental death in every 20

minutes.More than 12,000 people are killed on roadaccident every year. Disability 10x.Costing nearly Tk 50 billion (about 2 per

cent of GDP) per annum.(Source: The Financial Express)


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PERSONAL

ACCIDENTPOLICY


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EXTENT OF COVEREDCompany will pay fixed compensationfor death / bodily injury resulting fromaccidental, external, visible & violent

means during the policy period;For any one accident, compensationwill be paid under only one item of the schedule. (Except temporarypartial / total disablement);


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EXTENT OF COVEREDAfter ascertaining the total amount of compensation, weekly compensation

will be made;The maximum amount payable in anyone year of insurance is the sum

insured under any one item;


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DEFINITIONSBODILY INJURY:During the period of this policy;Caused by an accident, Not by a diseasefrom natural cause;

ACCIDENT:An accident is an event which is wholly

unexpected, not intended or designed;


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DEFINITIONSTOTAL DISABLEMENT:Prevented the insured from engaging in his

occupation or business or usual duties;PARTIAL DISABLEMENT:Prevented the insured from attending asubstantial part of his occupation or

business or usual duties;


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DEFINITIONSPERMANENT:Irrecoverable nature, which lasted for 12months;ILLNESS:Sickness/Disease, which first becomesapparent during the period of insurance;LOSS OF LIMB:Physical separation of hand or foot;


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CLASSIFICATION OF OCCUPATION

Class 1- Normal Risk (Office work)Class 2- Medium Risk (Office/Outdoor work)Class 3- Heavy risk (Outdoor Hazard work)

CLASSIFICATION OF RISKTable A- Death, Permanent & Temporary

Disablements.Table B- Death, Permanent total & Partial

Disablements.Table C- Death only.


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ANNUAL PREMIUMFor a males between 16 and 60 years;

Table -A Table -B Table -C

For sum insured of Tk. 10,000.00Class- 01 30.00 12.50 08.50Class- 02 40.00 16.00 11.00Class- 03 50.00 21.00 15.00


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SCHEDULE OF BENEFITSDeath 100%Permanent Disablement:

Capital Sums in accordance with the following scale

Permanent total loss of sight of both eyes 100%Total loss or permanent total loss of use of two limbs 100%Total loss or permanent total loss of use of right arm 75%

Total loss or permanent total loss of use of left arm 60%Total loss or permanent total loss of use of right fore arm 65%Total loss or permanent total loss of use of left fore arm 55%Total loss or permanent total loss of use of right hand 60%Total loss or permanent total loss of use of left hand 50%


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SCHEDULE OF BENEFITSTotal loss or permanent total loss of use of thighs 60%Total loss/permanent total loss of use of leg at/below knee 50%Total loss or permanent total loss of use of foot 40%Permanent total loss of sight of the one eye 50%

Permanent total deafness on two ears 50%Permanent total deafness one ear 15%Total loss/permanent total loss of use of right hand thumb 25%Total loss/permanent total loss of use of left hand thumb 20%

Total loss/permanent total loss of use of index finger (RH) 20%Total loss/permanent total loss of use of index finger (RH) 15%


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SCHEDULE OF BENEFITSTotal loss/permanent total loss of use of middle finger (RH) 12%Total loss/permanent total loss of use of middle finger (LH) 10%Total loss/permanent total loss of use of ring finger (RH) 10%Total loss/permanent total loss of use of ring) finger (LH) 08%Total loss/permanent total loss of use of little finger (RH) 08%Total loss/permanent total loss of use of little finger (LH) 06%Total loss or permanent total loss of use of use of big toe 05%Total loss/permanent total loss of use any other toe 03%

Permanent total disablement other than aboveCompensation payable until the sum insured is reached

05%


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SCHEDULE OF BENEFITS

Temporary total disablement-Weekly benefit of 0.60% per week for a period not exceeding 52 weeks;Temporary partial disablement-Weekly benefit of 0.20% per week for

a period not exceeding 52 weeks;


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SCHEDULE OF BENEFITS

LARGER COMPENSATIONMedical Expenses:Applicable to Table A

On payment of 10% extra premium15% of weekly compensation payablesubject to maximum of Tk. 1,000;


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CONDITIONSClaim notice with in 14 days;Relevant documents within 7 days after demand;Allowed to examine the persons;Before renewal, the insured should givenotice about his medical condition;

Cumulative Bonus;


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HOW TO CLAIMIn case of death claim :-Immediate notice by the assignee;Submit the claim form alongwith deathcertificate, post mortem report, policereport and original policy.


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HOW TO CLAIMIn case of injury claim :-Immediate notice;

Submit Police report if any;Submit claim form alongwith medicalcertificate certifying the disablement;


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HOW TO CLAIMIn case medical expenses:-The prescription alongwith bills are to be

submitted;


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ANYSUGGESTIONS

ORQUESTIONS?


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Documents

Personal Accident Policy Final