Universal Sompo Aapat Suraksha Bima Policy

As the name of the policy suggests, the Universal Sompo Aapat Suraksha Bima Policy is a policy against the sudden expenditure that the insured might not be expecting at all. Some sudden health related issues are covered under this policy, including coronary artery disease, cancer, paralytic stroke, renal failure and some kind of major organ transplant. These expenses are sudden and might cost a fortune to the middle class people. In case the insured dies as a result of any of these health issues, the family of the insured would be provided protection. Other features of the Universal Sompo Aapat Suraksha Bima Policy have been discussed in detail as under:

Key Benefits

The reasons why this policy is different and better than other health insurance policies available in the market have been discussed as under:

• √Critical illnesses covered:

  All the major critical illnesses which might occur to a person at any stage of time, and which might cost him a lot of money, have been covered under the policy.

• √Death Cover is provided:

  The nominee, as mentioned in the policy papers, would be provided with the complete capital sum of the policy, in case the insured dies in the health hazard.

• √Total Disablement:

  If the disablement as faced by the insured is permanent in nature, such as loss of limbs or loss of sight or any other, then the insured would be provided with a certain percentage of the capital sum that has been assured by him earlier. This percentage would depend on the table of benefit

Major Exclusions:

• √First 90 Days:

  Any illness that occurs to the insured person in as early as the 90 days of the grant of the policy would not be covered under the policy.

• √Preexisting Illness:

  IF the illness for which the claim is demanded is that of preexisting in nature, it would not be covered under the Universal Sompo Aapat Suraksha Bima Policy.

• √Intentional Injuries not covered:

  If the disablement is caused to the insured person due to his own actions, such as, travelling or fighting or any other reason, they would not be covered.

• √Death after Critical Illness:

  IF the death of the insured follows 30 days of the critical illness, it would be covered, but if the death occurs within 30 days, it would not be covered.

Benefits Explained in Detail

Frequently Asked Questions

• √Can the sum insured be enhanced?

  Yes, when renewing the policy, the sun insured can be enhanced.

• √What if I do not declare any nominees?

  In case nominees are not declared by the insured, the benefits would automatically go to the legal heirs of the insured.

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