Common use of Personal Accident Cover Clause in Contracts

Personal Accident Cover. We will pay Sum Insured upto the limit specified in the Policy Schedule for this Cover, subject to the following: (a) On payment of additional premium, cover would be provided to each individual for the Policy Period. (b) We shall not be liable to make payment under this Cover for more than once in respect of any Insured Person across all Policy Periods; Further, (a) This cover is applicable on an individual basis irrespective of type of policy (Individual/ Floater) (b) The payment under this benefit is over and above the Base Sum Insured and will not impact the Base Sum Insured or the Cumulative Bonus (if any). (c) Notwithstanding any provision to the contrary in the Policy, this Cover will be applicable on a worldwide basis; • Accidental Death We will pay the Sum Insured upto the limit specified in the Policy Schedule if the Insured Person dies solely and directly due to an Injury sustained in an Accident which occurs during the Policy Period, provided that the Insured Person’s death occurs within 12 months from the date of that Accident. Once a Claim has been accepted and paid under this Benefit then this Policy will automatically terminate in respect of that Insured Person only. • Permanent Total Disablement (PTD) We will pay the Sum Insured upto the limit specified in the Policy Schedule if the Insured Person suffers Permanent Total Disablement of the nature specified below solely and directly due to an Accident which occurs during the Policy Period provided that the Permanent Total Disablement occurs within 12 months from the date of that Accident: (i) Loss of Use of both eyes, or Physical Separation/ Loss of Use of two entire hands or two entire feet, or one entire hand and one entire foot, or of such Loss of Use of one eye and such Physical Separation/ Loss of Use of one entire hand or one entire foot. (ii) Physical Separation/ Loss of Use of two hands or two feet, or of one hand and one foot, or of Loss of Use of one eye and Loss of Use of one hand or one foot. (iii) If such Injury shall as a direct consequence thereof, permanently, and totally, disable the Insured Person from engaging in any employment or occupation of any description whatsoever. Once a Claim has been accepted and paid under this Benefit then the Personal Accident Cover will automatically terminate in respect of that Insured Person only.