Axis Max Life Group Total and Permanent Disability (Accident) Premier Rider

As per Axis Max Life Group Total and Permanent Disability (Accident) Premier Rider, ‘Total and Permanent Disability’ refers to a disability which:

Note: To avoid any doubt, the benefit will be paid after 6 months from the date of disability, even if the rider term has expired, irrespective of the fact whether the policy is renewed with the company or not.

‘Accident’ means ‘a sudden, unforeseen, and involuntary event caused by an external, visible, and violent means’.

‘Bodily Injury’ means accidental physical bodily harm, excluding illness or disease solely and directly caused by an external, violent, visible, and evident means, which is verified and certified by a Medical Practitioner.

‘Loss of an arm or a leg’ means physical severance of the arm at or above the wrist or physical severance of the leg at or above the ankle, and ‘Loss of an eye’ shall mean the total and irrevocable loss of sight of an eye, which:

Note: A written intimation of the Accident should be given to the insurer within 30 days of an accident.

Each insurer has a specific timeframe within which claims are processed, usually ranging between 15-30 days. If there is some misinformation detected, the life insurance provider informs the beneficiary/nominee about the same for further verification and processing of the claim.

Nuclear Contamination; the radioactive, explosive, or hazardous nature of nuclear fuel materials or property contaminated by nuclear fuel materials or accident arising from such nature.