Presentation on theme: "UAE EXCHANGE FINANCIAL SERVICES LTD. PERSONAL ACCIDENT INSURANCE"— Presentation transcript:
1 UAE EXCHANGE FINANCIAL SERVICES LTD. PERSONAL ACCIDENT INSURANCE Personal Accident Insurance Cover
2 Introduction Policy Issuing Office : Cochin Policy Number : OGProduct : Group Personal AccidentPeriod Of Insurance From 00:00 20/07/2008 To 19/07/2009Insured Name : UAE Exchange Financial Services Limited
3 Basic Eligibility Age Band Eligibility Nationality WHO CAN BUY THIS POLICYShould be a Customer of UAE Exchange Financial Services LimitedBasic EligibilityAny person in the age category 18years to 65 yearsAge Band EligibilityNationalityShould be a citizen of India living inIndia
4 COVERAGE – SUMMARY OF THE POLICY COVERAGE The benefits of the policyAccidental DeathAccidental Permanent Total DisabilityAccidental Permanent Partial Disability
5 DEFINITION OF TERMSPermanent Total Disability - Doctor certified total, continuous and permanent:Loss of the sight of both eyes.Physical separation of or the loss of ability to use both hands or both feet.Physical separation of or the loss of ability to use one hand and one foot.Loss of sight of one eye and the physical separation of or the loss of ability to use either one hand or one foot.Permanent Partial Disability - Doctor certified total and continuous loss orimpairment of a body part or sensory organ specified.
6 BENEFITS PAID UNDER THE POLICY In Case ofAmount PayableAccidental Death100% of Sum InsuredPermanent Total DisabilityPermanent Partial DisabilityApplicable Percentage of SumInsured Depending on Nature ofDisability.
8 EXCLUSIONS Accidental bodily injury: Through suicide, attempted suicide or self inflicted injury or illness.While under influence of liquor or drugs.Through deliberate or intentional, unlawful or criminal act, error, or omission.Aviation or ballooning.Participating as the driver, co-driver or passenger of a motor vehicle during motor racing or trial runs.Result of curative treatments or interventions carried out.Participation in any naval, military or air force operations whether in the form of military exercises or actual war.Your consequential losses of any kind or your actual or alleged legal liability.Venereal or sexually transmitted diseases.HIV (Human Immunodeficiency Virus)Pregnancy, resulting childbirth, miscarriage, abortion, or complications arising out of any of these.War (Whether declared or not)Nuclear energy, radiation
9 Inclusive of Service Tax PREMIUMSum Insured(Rs)50,000PremiumAs applicableInclusive of Service Tax
10 PROCESSMaster policy issued in name of UAE Exchange Financial Services LimitedCustomers of UAE Exchange Financial services Ltd. can avail coverage by remitting premium through any of their branch counters across IndiaAn individual certificate will be issued by UAE Exchange Financial Services LtdThe total premium collected will be remitted to Bajaj Allianz General Insurance Company by end of day at or before 6 PM along with the list of customers who have opted the coverage, Date of birth, Gender and Residential addressPolicy coverage will incept from subsequent day 00:00 Hrs of date of receipt of aforementioned consolidated list from UAE Exchange Financial Services LtdIn case, no list is received by end of a day, it will be inferred no customer has opted for insurance coverage for the day
11 PROCESS Customer walks in at any UAE Exchange Counter across India Remits premium at CounterIndividual policy certificate issuedUAE Exchange forwards a consolidated detailed list (Excel sheet ) of all customers across India who have opted Insurance along with remittance of total applicable premium in cheque by end of day on or before 6 PMPolicy coverage incepts from subsequent day 00:00 Hrs of receipt of aforementioned list from UAE Exchange Financial Services Ltd
12 Claims ProcedureClaims can be intimated at our office /51/52 or addressed to Bajaj Alianz General Insurance Co, III Floor, Finance Towers, Kaloor, CochinCall center executive will explain the claims procedure and documents to be submitted.The claim form along-with a self-addressed envelope will be sent to the claimant to facilitate the submission of the documents.
13 All queries of subscribers relating to coverage, procedures and claims may be addressed to /51/52List of pending documents (if any) will be intimated to the claimant within 7 days of receipt of original claim documents.Settlement of claim within 14 working days of receipt of all relevant documentsA centralized claims settlement system.
14 Documents required for Death claims Duly Filled Claim FormFIRPostmortem ReportDeath CertificateProof of legal heir /succession certificateOriginal receipt copy confirming insurance coverage
15 Documents required for Permanent Total Disablement Claims Duly Filled Claim FormDisablement Certificate issued by a Government HospitalFull photograph showing disability clearly, attested by the Government Doctor mentioning the name of the patientOriginal receipt copy confirming insurance coverageCopy of hospitalization documents