Under its umbrella of Retail products, it has a satisfactorily comprehensive Overseas Travel Insurance product, which is backed up by efficient claims and service. Its Travel product portfolio include:
Sr.No | Benefits (all in $USD) | Business and Holidays (B&H) | ||||
Plan A1 | Plan A2 | Plan B1 | Plan B2 | Plan K | ||
Worldwide excluding USA & Canada | Worldwide including USA & Canada | Short term Asia Cover | ||||
1 | Illness Cover * | 50,000 | 2,50,000 | 1,00,000 | 5,00,000 | 15,000 |
2 | Medical Evacuation & Repatriation * | 50,000 | 2,50,000 | 1,00,000 | 5,00,000 | 15,000 |
Deductible for Illness & Medical Evacuation and Repatriation | 100 | 100 | 100 | 100 | 50 | |
3 | Accident Cover * | 10,000 | 25,000 | 25,000 | 25,000 | 7,500 |
a. Accident Cover for persons less than 16 years restricted to | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | |
4 | Dental care due to accident * | 50,000 | 2,50,000 | 1,00,000 | 5,00,000 | - |
5 | Dental services for immediate pain relief | 225 | 225 | 225 | 225 | 225 |
6 | Loss of Checked baggage | 1,000 | 1,000 | 1,000 | 1,000 | - |
7 | Loss of Passport | 150 | 250 | 150 | 250 | - |
8 | Delay in Checked baggage over 12 hours in outbound international flights | 100 | 100 | 100 | 100 | - |
9 | Personal Liability for third party property damage and accidental bodily injury | 2,00,000 | 2,00,000 | 2,00,000 | 2,00,000 | - |
10 | Hijack Distress Allowance | $125/ day max $1000 | $125/ day max $1000 | $125/ day max $1000 | $125/ day max $1000 | - |
11 | Hospital Daily Cash Allowance | $20/day max $200 | $20/day max $200 | $20/day max $200 | $20/ day max $200 | - |
12 | Trip Delay Allowance | $25/day max. $ 250 | $25/day max. $ 250 | $25/day max. $ 250 | $25/day max. $ 250 | - |
Sr.No | Benefits (all in $USD) | Employment & Studies (E&S) | |||
Plan D1 | Plan D | Plan C | |||
Worldwide excluding USA & Canada | Worldwide including USA & Canada | Deductible | |||
1 | Illness Cover * | 5,00,000 | 1,50,000 | 1,50,000 | 100 |
2 | Medical Evacuation & Repatriation * | 5,00,000 | 1,50,000 | 1,50,000 | 100 |
a. Limit per family | 10,000 | 10,000 | 10,000 | ||
b. Medical emergency reunion | 5,000 | 5,000 | 5,000 | ||
3 | Dental care due to accident | $ 100 per natural tooth max.$500 per injury | 100 | ||
4 | Loss of Checked baggage | 1000 | 100 | ||
5 | Delay in Checked baggage over 12 hours in outbound international flights | 100 | |||
6 | Hijack Distress Allowance | $125/ day max $1000 | $125/ day max $1000 | $125/ day max $1000 | 24 Hours |
7 | Hospital Daily Cash Allowance | $20/day max $200 | $20/day max $200 | $20/day max $200 | 24 Hours |
8 | Trip Delay Allowance | $25/day max. $250 | $25/day max. $250/td> | $25/day max. $250 | 12 Hours |
9 | Contingency Insurance for sponsored students - for death & PTD. Compensation per month for each month of completed study | $750 | $750 | $750 |
Death Benefit |
On death of the life insured during the term of the policy, the following benefits will be paid:
* Annualised Premium includes extra premium (if any) but excludes all taxes, cesses and levies as imposed by the Government from time to time and any loadings for modal premiums and remains same irrespective of the premium payment mode. |
Maturity Benefit | Payable on Maturity of the Policy Total Maturity Benefit = Guaranteed Maturity Benefit + Accrued Paid Up Additions (if any) + Terminal Bonus (if any) where, Guaranteed Maturity Benefit = Guaranteed Maturity Sum Assured |
Surrender Benefit | The policy can be surrendered only after the policy has acquired a Surrender Value. The Surrender Value will be equal to higher of Guaranteed Surrender Value (GSV) or Special Surrender Value (SSV). |
NonForfeiture Benefit - Reduced Paid Up (RPU) |
Once the policy acquires surrender value as mentioned above, by default the policy will become RPU in case of non-payment of any due premium. The Guaranteed Maturity Sum Assured will be reduced using the proportionate premiums method as mentioned below. Reduced Paid Up (RPU) Sum Assured = (Total Premiums Paid less Extra Premium (if any) less Rider Premium (if any)) / Total Premiums payable less Extra Premium (if any) less Rider Premium (if any))) X Guaranteed Maturity Sum Assured This will also impact the Death Benefit and Maturity Benefit. Kindly refer the prospectus for more detailed working. |
Terminal Illness Benefit | While this Policy is in force (including RPU mode), should the Life Insured be diagnosed to be suffering from a disease which, in the opinion of a Medical Practitioner and the concurrence of Company’s appointed doctor, is likely to lead to the death of the Life Insured within six months from the date of such certification from the Medical Practitioner, the Company shall, at the Policyholder’s request, pay the Benefits to the Life Insured under this policy as follows:
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Loan Facility | Policy loans will be available under this product subject to a maximum of 50% of Special Surrender Value as per existing Terms and Conditions of policy loans at Max Life Insurance. The company will charge an interest rate on the loan, currently 11% p.a. compounded annually. The minimum loan amount that can be granted under the policy at any time will be ₹10,000. |
You can buy insurance online by using a credit/debit card, direct funds transfer using NEFT or RTGS or by using a cheque.
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