Accident & Health Insurance

Our accident insurance products give you one less thing to worry about, should the unthinkable happen. There are various options in our Accident & Health Insurance Plan “Life Shield”, you can choose to get the ideal combination of benefits for you and your family which are as follows:

1.     Life Shield (Lump Sum Package ) : with lump sum benefits  in case of ND ,AD, D & PTD , AMR ,IH-A, AWI

2.     Life Shield (Life Time Income Package) : with benefits ND and per month benefit in case of AD,D & PTD

3.     Life Shield (Combined Package ) : with benefits in case of ND ,AD, D & PTD , AMR ,IH-A, AWI

4.     Life Shield (Accident & Sickness In – Hospital Income Package ) : with benefits in case of ND ,AD, D & PTD , AMR ,IH-A & S, A & S In – Hospital surgical expense

Benefits Details:
Natural Death (ND):
This benefit ensures that your family gets the basic income protection in the event of death.

Accidental Death, Dismemberment and Permanent Total Disability (AD, D & PTD) – LUMP SUM
Accidents are the leading causes of death and disability. Serious disabilities also cost the family more in terms of strain on finances. This Benefit provides a lump sum payment of cash to protect your family against this serious and potentially devastating risk.

Accidental Medical Reimbursement (AMR):
Accidents happen and happen frequently. Fortunately most are minor and can be treated at a clinic. This Benefit provides protection even against the most minor of injuries. We will pay for your medical bills, should you require them treated at any medical center.

Accident & Sickness In-Hospital Income up to 52 Weeks (IH – A & S):
The last thing you need to worry about if you have to have a stay in the hospital is who will look after the children, the pets, or even the house. This Benefit provides you the added finances to cover whatever you feel is important during your stay so you can concentrate on getting well. You can use it for childcare, travel expenses, a private room or even help at home if you need it.

Accident Weekly Income (AWI):
Other injuries may prevent you from going to work. We recognize this and will replace part of this loss income with a cash compensation for your temporary disability.

Accidental Death, Dismemberment and Permanent Total Disability (AD, D & PTD) - LIFE TIME INCOME
Death and serious disabilities also cost the family more in terms of strain on finances. This benefit replaces this loss of income by providing monthly Income for life time, with a minimum guarantee of 20 years.

Accident & Sickness In-Hospital Surgical Expenses (A & S In-Hospital Surgical Expenses):
Some Injuries & Sickness at Hospital requires surgical procedure.  This benefit provides cash compensation for surgical expenses as per surgical schedule.

Covered under this plan
This plan covers Death, Disability, Accidental Medical Expenses and In – Hospital Income due to Accident & Sickness that commence or occur after the effective date of the Policy.
Key Features
•    If you have Life Shield you can go to the best Doctor / Hospital for even minor injuries as MetLife Alico will reimburse your Bills.
•    Anyone can afford it, for Rs. 3 to 4 per day you get protection against financial burden caused by unforeseen event like   accident.
•    It compensates your Income when you are unable to work or if you are hospitalized due to disability or sickness.
•    24 hours – World Wide Coverage.

Eligibility: This plan is available to all applicants with the ages of 18 to 59 years.
Medical Examination: Not required.
Coverage of the plan: This plan provides 24 hours a day and 365 days world wide Protection at home, at work or during traveling

First policy issue date: 08/12/2005

Critical Care

Critical Care is designed to provide you and your family with the necessary financial protection if you are diagnosed and proved as suffering from any of following 31 illnesses : Stroke, Major Cancers, First Heart Attack, Serious Coronary Artery disease, Heart Valve Surgery, Fulminant Hepatitis, End Stage Liver Failure, Primary Pulmonary Hypertension, End Stage Lung diseases, Kidney Failure, Major Organ/ Bone Marrow Transplantation, Aplastic Anaemia, Loss of hearing(deafness), loss of speech, Muscular Dystrophy, Alzheimer’s disease / Sever Dementia, Motor Neurone disease, Parkinson’s disease, Benign Brain Tumour, Major Head Trauma, Bacterial Meningitis, Blindness ( loss of sight), Coma, Major burns, Multiple Sclerosis, Paralysis, Poliomyelitis, Encephalitis, Apallic Syndrome, Progressive Scleroderma, Systemic Lupus Erythematous with Lupus Nephritis.
In addition, it provides lump sum cash in case of death before any illness is diagnosed.

 Key Facts:

What are the possible consequences you may face if a Critical Illness is diagnosed?

                   May stop your current income

                   Financial burden on your family

Critical Care Policy will provide you lump sum cash for the treatment to protect you from financial crisis in such event.

  • Eligible Age :18- 59 years
  • Term : 1 year ( renewable up to 5 years )
Credit Care
It covers the Life of Insured Borrower. Credit Care pays to Financial Institution the Loan amount if Insured Borrower dies ( or becomes
Permanent Total Disability ) before the payment of Loan amount.
                   Eligible Age (of borrower): 18 to 59 Years                                                                                                                         
                   Insurance term : as per term of loan
                   Premium mode : Annually
 First policy issue date: 03/07/2010
Micro Insurance
It covers the life of borrower of micro finance institutions. It pays to micro finance Institution the Loan amount if Insured Borrower dies before the payment of loan amount.
First policy issue date: 15/05/2009

Note: The information contained in this page is intended for general customer understanding and is subject to the terms and conditions. Please refer to the brochure or policy document or call our representative for more information.