The product provides cover to customers against Accidental Death and Permanent Total Disablement (PTD). The AAR Personal Accident Plan allows the principal policy holder to insure themselves, their spouse and children for an additional fee if they so wish.
Benefits options under this Policy
This policy provides monetary compensation in the event of bodily injury sustained by the insured student. The injury must be caused by violent, accidental, external and visible means subject to the option selected by the insured and will compensate the affected member if injured. Subject to the terms and conditions, the policy will provide benefits under the following categories.
The following events will be covered under this policy.
The premium rate shall be 1% of sum assured per annum.
Minimum and Maximum Cover