Reliance General Insurance has launched its latest product, the Reliance Personal Accident 360Shield, a personal accident insurance policy.
The general insurance company has designed this product to provide unparalleled protection for individuals and families. The policy will protect “you and your loved ones from not just the effects of a personal accident, but the overall impact arising as an aftershock of an accident,” the company said in a statement on Wednesday.
Policy goes beyond traditional accidental disability
“This policy aims to provide a 360-degree protection within India & Worldwide, across all significant aspects of impact. This unique policy goes beyond traditional accidental disability or death coverage, addressing the aftermath and associated costs comprehensively. Accidents can turn lives upside down in mere moments, causing not only physical harm but also significant financial stress,” it said.
From covering hospitalisation expenses to out-patient, to even personal and financial liabilities like home, vehicle and educational loan to arranging for legal assistance and more, this policy ensures holistic support to the insured and their family at the time of need.
“This comprehensive policy ensures you have all-in-one coverage for various accident-related contingencies. Additionally, it combines both benefits and indemnity features to provide extensive protection,” the company said.
Speaking at the launch of the product, Rakesh Jain, CEO, Reliance General insurance, expressed his views saying, “We are committed to ensuring that all fellow Indians and their families are protected from unforeseen events. The Reliance Personal Accident 360Shield is designed to offer not only essential coverages but also comprehensive support during times of absolute need.”
Policy gives financial freedom and EMI protection
This plan alleviates financial burdens with robust loan and EMI protection, allowing affected families to focus on their well-being rather than financial stress, the company said. “Additionally, the policy offers worldwide travel care and ensures global coverage for personal accidents. By integrating benefits like trauma counselling, reconstructive surgery, and enhanced coverages for specific situations, we have created a policy that truly lives up to its promise of being a 360-degree shield.”
This plan lives up to its promise of being a 360-degree shield by offering valuable add-ons such as adventure sports coverage, total and partial disablement benefits, and unlimited reinstatement of accidental hospitalisation limit. Enhanced covers for specific situations, including coma, miscarriage, and air ambulance services, further bolster our commitment to comprehensive care. With coverage options ranging from Rs 5 lakh to Rs 25 crore, one can find the perfect fit for their needs.
“Additionally, the plan provides coverage for trauma counselling (up to Rs 10,000 per session) and reconstructive surgery (up to Rs 10 lakh), ensuring that policyholders are truly protected under this policy. Furthermore, maintaining a personal accident policy can help you retain your no-claim bonus on health insurance,” the release said.
The Personal Accident 360Shield policy is designed to cover not just the policyholder but their family as well. This policy ensures that every aspect of an individual’s life is protected. Leveraging the latest in technological advancements, the 360Shield policy offers faster assistance and seamless service.