{"id":137,"date":"2008-06-23T15:19:49","date_gmt":"2008-06-23T09:49:49","guid":{"rendered":""},"modified":"2009-06-12T15:35:08","modified_gmt":"2009-06-12T10:05:08","slug":"Tata-AIG-Maharaksha-Accident-and-Personal-Injury-Policy","status":"publish","type":"post","link":"http:\/\/www.raagvamdatt.com\/Tata-AIG-Maharaksha-Accident-and-Personal-Injury-Policy\/","title":{"rendered":"Tata AIG &#8211; Maharaksha Accident and Personal Injury Policy"},"content":{"rendered":"<p>There are many accident policies available, but Tata AIG&#8217;s Maharaksha policy goes a step ahead \u2013 it also covers you for injuries. Here are more details about the Maharaksha policy.<br \/>\n<!--more--><\/p>\n<table width=\"100%\" border=\"0\" cellpadding=\"2\" cellspacing=\"2\" bgcolor=\"#ffffff\">\n<tr  >\n<td>\n<\/td>\n<td>\n<\/td>\n<\/tr>\n<\/table>\n<table>\n<tr><!-- Row 1 --><\/p>\n<td>\n<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"pub-8580636079496870\";\n\/* 250_250_In_Article *\/\ngoogle_ad_slot = \"4765524919\";\ngoogle_ad_width = 250;\ngoogle_ad_height = 250;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\"\nsrc=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<\/td>\n<p><!-- Col 1 --><\/p>\n<td>\n<p>Tata AIG General Insurance Company Ltd. is a joint venture company between the Tata group and American International Group, Inc.(AIG), a leading international insurance and financial services company.<\/p>\n<\/td>\n<p><!-- Col 2 --><br \/>\n  <\/tr>\n<\/table>\n<p>Tata AIG has a <b><i>personal injury plan<\/i> \u2013 Maharaksha<\/b>.<\/p>\n<p>The Maharaksha policy is primarily <b><i>an accident policy, with additional benefits<\/i><\/b>: It is a plan that covers you against various injuries arising from an accident. It also covers hospitalization expenses.<\/p>\n<table width=\"100%\" border=\"0\" cellpadding=\"2\" cellspacing=\"2\" bgcolor=\"#ffffff\">\n<tr  >\n<td>\n<\/td>\n<td>\n<\/td>\n<\/tr>\n<\/table>\n<p><b>Important Features<\/b><\/p>\n<table width=\"100%\" border=\"0\" cellpadding=\"2\" cellspacing=\"2\" bgcolor=\"#ffffff\">\n<tr  >\n<td>\n<\/td>\n<td>\n<\/td>\n<\/tr>\n<\/table>\n<p><b>Loss of Life in an Accident<\/b>: You get an insurance cover for accidental death of upto Rs. 5 Lakhs. The amount you get in this case is 100% of the sum assured.<\/p>\n<p>This amount is doubled if death occurs due to public transport. That is, you get 200% of sum assured in case of accidental death  due to public transport.<\/p>\n<table width=\"100%\" border=\"0\" cellpadding=\"2\" cellspacing=\"2\" bgcolor=\"#ffffff\">\n<tr  >\n<td>\n<\/td>\n<td>\n<\/td>\n<\/tr>\n<\/table>\n<p><b>Injury Benefit<\/b>: For various injuries like burns, fractures, dislocations or internal injuries, you can get a benefit of upto Rs.3 Lakhs.<\/p>\n<p>The amount you get in this case is a percentage of the sum assured, and varies by the severity of the injury.<\/p>\n<p>For example, if you suffer multiple fractures in the thigh, with at least one compound and at least one complete, you get 100% of the sum assured. For all other compound fractures, you get 80% of the sum assured. For multiple fractures, with at least one complete, you get 50%  of the sum assured. And, for all other fractures,you get 50%  of the sum assured.<\/p>\n<p><b><i>This benefit is a lump-sum, fixed benefit. It doesn&#8217;t depend on the amount you spend on the treatment<\/i><\/b>. And it is paid with no conditions \u2013 you are free to spend the money as you wish \u2013 it can be for a nurse, to buy a wheelchair, or any other thing.<\/p>\n<table width=\"100%\" border=\"0\" cellpadding=\"2\" cellspacing=\"2\" bgcolor=\"#ffffff\">\n<tr  >\n<td>\n<\/td>\n<td>\n<\/td>\n<\/tr>\n<\/table>\n<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"pub-8580636079496870\";\n\/\/ArticleLinkList\ngoogle_ad_slot = \"0928256543\";\ngoogle_ad_width = 468;\ngoogle_ad_height = 15;\n\/\/--><\/script><br \/>\n<script type=\"text\/javascript\"\nsrc=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<table width=\"100%\" border=\"0\" cellpadding=\"2\" cellspacing=\"2\" bgcolor=\"#ffffff\">\n<tr  >\n<td>\n<\/td>\n<td>\n<\/td>\n<\/tr>\n<\/table>\n<p><b>Hospitalization Benefit<\/b>: You can get hospitalization benefit (due to an accident) of upto Rs.3000 per day, for upto 365 days.<\/p>\n<p>You would get \u201cDaily Benefit\u201d for each day you spend as an in-patient in a hospital. The total benefits you get for any hospitalization due to a single injury are subject to the in-hospital maximum in the policy document.<\/p>\n<table width=\"100%\" border=\"0\" cellpadding=\"2\" cellspacing=\"2\" bgcolor=\"#ffffff\">\n<tr  >\n<td>\n<\/td>\n<td>\n<\/td>\n<\/tr>\n<\/table>\n<p><b>Active Lifestyle Benefit<\/b>: You can get a compensation of upto Rs. 10 Lakhs in case you are not able to perform any 3 of the following 5 daily activities:<\/p>\n<ol type=\"1\">\n<li><b>Eating<\/b>: All tasks associated with getting food into the body.<\/li>\n<li><b>Toileting<\/b>: Getting to and from the toilet, transferring on and off the toilet and maintaining associated personal hygiene.<\/li>\n<li><b>Dressing<\/b>: Taking off and putting on all necessary items of clothing without requiring the assistance of another person.<\/li>\n<li><b>Continence<\/b>: The inability to control bodily discharges voluntarily.<\/li>\n<li><b>Mobility<\/b>: The ability to move from one side of a room to another, or from one room to another, or to get in and out of bed \/ chair without the physical assistance of another person.<\/li>\n<\/ol>\n<p>The amount you get is equal to 100% of the sum assured.<\/p>\n<table width=\"100%\" border=\"0\" cellpadding=\"2\" cellspacing=\"2\" bgcolor=\"#ffffff\">\n<tr  >\n<td>\n<\/td>\n<td>\n<\/td>\n<\/tr>\n<\/table>\n<p><b>No Medical Examination<\/b>: There is no medical exam before enrolling for this plan.<\/p>\n<p><b>Worldwide Coverage<\/b>: The coverage is applicable anywhere in the world, and not just in India. Thus, it is applicable even when you are traveling outside India.<\/p>\n<p><b>Guaranteed Acceptance<\/b>: The policy is issued (and can be renewed) for upto 75 years of age. Acceptance for this plan is guaranteed for all ages from 18 years to 75 years. However, the benefits are reduced by 50% from the age of 71 to 75 years.<\/p>\n<p><b>No Change in Premium with Age<\/b>: The policy premium does not increase with age.<\/p>\n<p><b>Premium Payment<\/b>: The premium can be paid annually, half yearly, quarterly or monthly.<\/p>\n<p><b>Ease of Online Purchase<\/b>: The policy can be purchased online, sitting at home \u2013 no need to talk to an agent!<\/p>\n<p><b>0% EMI<\/b>: There is a \u201c0% EMI\u201d option available for ICICI Bank, HSBC Bank or CitiBank credit card holders when you purchase the policy online.<\/p>\n<table width=\"100%\" border=\"0\" cellpadding=\"2\" cellspacing=\"2\" bgcolor=\"#ffffff\">\n<tr  >\n<td>\n<\/td>\n<td>\n<\/td>\n<\/tr>\n<\/table>\n<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"pub-8580636079496870\";\n\/\/ArticleLinkList\ngoogle_ad_slot = \"0928256543\";\ngoogle_ad_width = 468;\ngoogle_ad_height = 15;\n\/\/--><\/script><br \/>\n<script type=\"text\/javascript\"\nsrc=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<table width=\"100%\" border=\"0\" cellpadding=\"2\" cellspacing=\"2\" bgcolor=\"#ffffff\">\n<tr  >\n<td>\n<\/td>\n<td>\n<\/td>\n<\/tr>\n<\/table>\n<p><b>Difference Between Tata AIG Maharaksha and Mediclaim<\/b><\/p>\n<p><b>Payment<\/b>: Mediclaim pay only in case of hospitalization \u2013 it doesn&#8217;t pay for any injuries. Also, with Mediclaim, you get only reimbursements. With Tata AIG Maharaksha, you get a lump sum payment irrespective of the treatment cost.<\/p>\n<p><b>Premium Amount<\/b>: The premium amount remains constant with age in Maharaksha, whereas it increases with age in Mediclaim.<\/p>\n<p><b>Sum Assured<\/b>: The maximum sum assured for Mediclaim is Rs. 3 Lakhs, whereas it is Rs. 5 Lakhs for Maharaksha.<\/p>\n<table width=\"100%\" border=\"0\" cellpadding=\"2\" cellspacing=\"2\" bgcolor=\"#ffffff\">\n<tr  >\n<td>\n<\/td>\n<td>\n<\/td>\n<\/tr>\n<\/table>\n<p><b>Difference Between Tata AIG Maharaksha and Other Accident Policies<\/b><\/p>\n<p>The main difference is in the <b><i>coverage<\/i><\/b>: A regular accident cover policy only covers death or total \/ partial disability. Tata AIG Maharaksha covers these, as well as injuries. There is also the hospitalization benefit.<\/p>\n<table width=\"100%\" border=\"0\" cellpadding=\"2\" cellspacing=\"2\" bgcolor=\"#ffffff\">\n<tr  >\n<td>\n<\/td>\n<td>\n<\/td>\n<\/tr>\n<\/table>\n<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"pub-8580636079496870\";\n\/\/ArticleLinkList\ngoogle_ad_slot = \"0928256543\";\ngoogle_ad_width = 468;\ngoogle_ad_height = 15;\n\/\/--><\/script><br \/>\n<script type=\"text\/javascript\"\nsrc=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<table width=\"100%\" border=\"0\" cellpadding=\"2\" cellspacing=\"2\" bgcolor=\"#ffffff\">\n<tr  >\n<td>\n<\/td>\n<td>\n<\/td>\n<\/tr>\n<\/table>\n<p><b>Cover Amounts and Premiums<\/b><\/p>\n<p>There are 6 levels of covers available, for sum assured (for loss of life) ranging from Rs. 1.5 Lakhs to Rs. 10 Lakhs.<\/p>\n<p>Obviously, the premium increases as the cover amount increases. But there is a discount if you purchase the policy along with your spouse, or for the entire family.<\/p>\n<p>For example, for level 1 (with a loss of life sum assured of Rs. 1.5 Lakhs), the premium is Rs. 1246 per year for one person. The premium for the same cover is Rs. 2115 for 2 people, Rs. 3110 for 3 people, and Rs. 3984 for 4 people.<\/p>\n<p>Also, comparing across levels, the premium for 1 person for Rs. 1.5 Lakh sum assured is Rs. 1246, for Rs. 3 Lakhs SA is Rs. 2492 and for Rs. 10 Lakhs is Rs. 7038.<\/p>\n<table width=\"100%\" border=\"0\" cellpadding=\"2\" cellspacing=\"2\" bgcolor=\"#ffffff\">\n<tr  >\n<td>\n<\/td>\n<td>\n<\/td>\n<\/tr>\n<\/table>\n<p><b>Conclusion<\/b><\/p>\n<p>Although this policy is primarily targeted towards the elderly, it can be purchased by the young as well. It can also be purchased as a gift for your parents!<\/p>\n<p><a href=\"http:\/\/www.s2d6.com\/x\/?x=c&#038;z=s&#038;v=961466\" onmouseover=\"window.status='TATA-AIG Maharaksha'; return true;\" onmouseout=\"window.status=''; return true;\" target=\"_blank\" rel=\"nofollow\"><u>Interested? 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Here are more details about the Maharaksha policy.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"_links":{"self":[{"href":"http:\/\/www.raagvamdatt.com\/wp-json\/wp\/v2\/posts\/137"}],"collection":[{"href":"http:\/\/www.raagvamdatt.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.raagvamdatt.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.raagvamdatt.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.raagvamdatt.com\/wp-json\/wp\/v2\/comments?post=137"}],"version-history":[{"count":0,"href":"http:\/\/www.raagvamdatt.com\/wp-json\/wp\/v2\/posts\/137\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.raagvamdatt.com\/wp-json\/wp\/v2\/media?parent=137"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.raagvamdatt.com\/wp-json\/wp\/v2\/categories?post=137"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.raagvamdatt.com\/wp-json\/wp\/v2\/tags?post=137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}