Individual Personal Accident Policy

Liberty General Insurance Limited (LGI) is a joint venture between the Liberty General Insurance Industries Limited and Liberty City State Holdings PTE Ltd, a group company of US based Liberty Mutual Group, a leading global property and casualty group. Liberty Mutual Group, a leading global property and casualty group.
​Liberty Mutual Insurance Group was founded in the year 1912 and now is a diversified global insurer and has over 900 offices over the world. With Liberty Mutual's 100 years of supervision in the insurance industry globally, Liberty General Insurance Limited is here with a vision to build a customer centric business to address the distinct needs of individual and corporate customers.

"Accident" is a sudden, unforeseen and involuntary event caused by external, visible and violent means

Accidents are sudden and unforeseen. They happen anytime and anywhere. Individual Personal Accident policy covers you and your family against minor accident arising out of day to day activities. It also covers you against major accidents or physical loss arising due to death or disablement due to accidental bodily injury. It pays compensation for any accidental death or disablement happening anywhere in the world​

Occupation nature, income level and age are the main factors which play a vital role in determining the sum insured. The sum insured offered is generally the certain times of the annual income

Yes, An IPA insurance policy is an insurance contract that covers risk arising from accidents be it at home, or outside. An accident insurance policy compensates you with a lump sum amount at the time of need to provide financial support during crisis arisen due to death/disablement of the insured.

The policy provides the benefits to you and your family, for Accidental Death, Permanent Total Disability, Permanent Partial Disability, and Temporary Total Disability due to an Accident
Along with inbuilt value added covers like – Child Education Benefit, Cost of Transporting Mortal Remains, Cost of Performance of Funeral Ceremony, And add on covers like – Accidental Hospitalisation Expenses, Accidental Hospital Daily Cash, Child Education Support Benefit, Life Support Benefit, Loan Protector, Broken Bone, Modification of Vehicle/Residence, Family Transport Benefit, Outstanding Bills Protection Benefit, Ambulance Hiring Charges, Legal Bail Expenses, Double Indemnity

Liberty General Insurance IPA policy can be taken by individuals from the age of 18 years to 70 years.

Liberty General Insurance offers IPA policies with option of 1 year, 2 years and 3 years policy period which can be renewed after that.

You will get a discount on the base premium when the policy period is beyond 1 year, as mentioned in the table below:

Policy period	Discount on base premium
2 years	8%
3 years	15%

You can enroll total of 4 members under family floater policy as per the following family definitions
1. Self + Spouse (Non-Earning)

2. Self + Spouse (Earning)

3. Self + Child

4. Self + Spouse (Non-Earning)+ Child

5. Self + Spouse (Earning)+ Child

6. Self + 2 Children

7. Self + Spouse (Non-Earning)+ 2 Children

8. Self + Spouse (Earning)+ 2 Children

50% of the Capital Sum Insured in case of earning spouse (or 25% in case of non-earning spouse) & 12.5% of the Capital Sum Insured in case of dependent children

Grace Period means the specified period of time, which is 30 days in your Liberty General Insurance IPA Policy, immediately following the premium due date during which a payment can be made to renew or continue a policy in force without loss of continuity benefits. However, any death/injury due to accident during the break in period will not be covered.

After purchasing the Policy, in case you find it unsuitable to your needs, you can, within a free look period of 15 days from the receipt of the policy, request for a cancellation of the Policy.

You can choose from two variants as mentioned below with Capital Sum Insured ranging from Rs. 1 lakh and 1 Crore:
. Unit Based Plan

- Available on Individual Sum Insured Basis

- Sum Insured available ranges from 1 unit (10 lakh) to maximum 10 units

. Flexi Plan

- Available on Individual and Family Floater Sum Insured Basis

- Sum Insured available ranges from 1 lakh to maximum 1 crore

Q 15. 1. Family Discount - The policy provides a Family discount as mentioned in the below table, if 2 or more family members are covered under Flexi plan on Individual Sum Insured basis:

2. Loyalty Bonus – The member will get 5% or 7.5% discounts, if he/she already has 1 policy or 2 policies from Liberty General Insurance relating to any product line respectively

3. Online Policy booking discount – The member will get 20% discount, if the policy is taken online

4. Employee discount – The member will get 10% discount, if he/she is the employee of Liberty General Insurance

5. Multi-year Policy Discount - The policy provides a Multi – year policy discount of 7.5%, if the insured opts for 2 year policy term

Personal Accident policy covers you and your family against minor accident arising out of day to day activities. It also covers you against major accidents or physical loss arising due to death or disablement due to accidental bodily injury. It pays compensation for any accidental death or disablement happening anywhere in the world.

The policy covers self, spouse and two dependent children. Children in between age 3 months to 25 years are covered under the policy

Yes the accident policy will cover you even if you are out of the country. The sum insured will be paid to you in Indian Rupees in case of a claim i.e. the claim will be paid out in India only

Yes, you will get a cumulative bonus of 5% in respect of each claim free year of insurance subject to a maximum accumulation of 50% of the Capital Sum Insured

There is no income tax benefit available against premium paid for Personal Accident Insurance.

If for any reason you wish to opt out of the Insurance, the premium for the period at risk shall be retained as per the short period rates and balance shall be refunded. No refund shall happen on policies where a claim is notified or settled. Please refer to our detailed Policy Wordings for more information on this.

Liberty General Insurance shall not be liable to pay any claim arising:
. From intentional self-injury, suicide or attempted suicide

. Whilst under the influence of intoxicating liquor or drugs

. Whilst engaging in sporting activities (aviation or ballooning for example)

. Directly or indirectly caused by venereal disease or insanity

. Due to childbirth or pregnancy related

. From war, invasion, act of foreign enemy, hostilities, civil war etc.

You can contact us through our toll free number 1800-266-5844 or Write to us at care@libertyinsurance.in or Visit our nearest branch (for list of branches visit http://www.libertyinsurance.in/contact-us).