Bajaj Alliaz General Insurance-Sankat Mochan

Bajaj Allianz’s Sankat Mochan is a accident insurance that provides complete protection against accidental injuries. It covers insured person against death, permanent disability, temporary disability, accidental hospital cash, accidental hospitalization expenses, etc.

The policy pays highest compensation of 125% of the sum insured in case of permanent total disability and for temporary total disability 1% of sum insured/week up to 100 week. Also, it comes with inbuilt children’s education bonus benefit. A daily hospital confinement allowance is payable in case of hospitalization due to an accident. The cover is also provided for claims made arising terrorism activities.

The policy offers cashless hospitalization service at over more than 2400 hospitals across India. Premium paid towards this policy is eligible for tax benefit under section 80D of the Income Tax Act,1961.

The entry age is 18 years to 65 years for self and spouse. Children between 5 years to 21 years can be covered under the policy. The renewal is permitted up to 65 years. Thee are different sum insured options to choose from. The policy is available in two sections- Class I and Class II.