Saral Suraksha Bima Overview
Saral Suraksha Bima is a benefit-based accident insurance policy by Star Health and Allied Insurance Co Ltd, designed to provide financial protection following accidents. It is available for individuals and families, with options for lifelong renewals and diverse sum insured choices.
Eligibility
- Individuals aged 18 to 70 years
- Dependent children covered (ages 3 months to 25 years)
- Lifelong renewals allowed
Sum Insured Options
- Minimum: ₹2.5 lakhs
- Maximum: ₹1 crore (in multiples of ₹50,000; higher limits on underwriting approval)
- Sum insured applies individually to each family memberwhen chosen as a family cover
Premium Payment
- Installment options: Annually, half-yearly, quarterly
- Premium loading applies for installment payment modes (quarterly, half-yearly)
Key Benefits
Base Covers:
- Accidental Death: 100% of sum insured paid if death occurs within 12 months of an accident
- Permanent Total Disablement: 100% of sum insured paid as per policy for specified disabilities caused by accident
- Permanent Partial Disablement: Percentage of sum insured paid according to disability type
Optional Covers (extra premium):
- Temporary Total Disablement: Weekly payout for up to 100 weeks, if completely incapacitated due to accident
- Hospitalization Expenses: Up to 10% of base sum insured for medical expenses due to accident-related hospitalization
- Education Grant: One-time grant (10% of sum insured) per dependent child (max age 25) on claim for death/permanent total disability of insured
Cumulative Bonus
For every claim-free year, sum insured increased by 5%, up to a maximum of 50%
Exclusions
Claims due to war, intentional self-injury, suicide, intoxication, hazardous sports, breach of law, nuclear or chemical incidents, treatment outside India, and specific non-payable medical expenses
Documents Required for Claim
- Completed claim form
- Identity proof
- FIR/Police/Medico Legal certificate where applicable
- Hospital and medical records (for disablement/hospitalization)
- Death certificate, post-mortem, nominee’s identification (on death claims)
- School certificate (for education grant)
Policy Period and Renewal
- 1 year coverage per policy term
- Renewable for life, subject to policy terms and fraud checks
- 30-day grace period for renewal; no coverage during the grace period
Cancellation & Free Look
- Cancellation allowed by policyholder (with refund based on unused period, unless claim is made)
- Insurer can cancel for fraud or misrepresentation
- 15-day free look period for new policies
How to Buy
To purchase, contact the nearest Star Health branch, official agents, or visit the company website for online purchase.