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A Presentation on Individual Personal Accident (IPA) Products

A Presentation on Individual Personal Accident (IPA) Products. Objective of Presentation. To understand The product features of IPA The need – Why IPA? The quantum – How much?. What we Cover ?. Rail accidents. Air Crash. Road accidents. What we Cover ?. Falling from Stairs.

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A Presentation on Individual Personal Accident (IPA) Products

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  1. A Presentation on Individual Personal Accident (IPA) Products

  2. Objective of Presentation To understand • The product features of IPA • The need – Why IPA? • The quantum – How much?

  3. What we Cover ? Rail accidents Air Crash Road accidents

  4. What we Cover ? Falling from Stairs Animal Attack Accidents can happen to anyone anywhere

  5. Unique features of IPA • Take in multiple units of Rs 1 lakhs up to Rs 1 crore • Option of weekly benefit up to Rs 5,000 per week for 104 weeks Escalating Benefits: 5% increase in original sum insured every year on renewal, for the next 10 years.

  6. A plan that covers you and provides for your family In case …

  7. IPA The main exclusions include • Suicide • Military Service or Operation • War • Terrorism • Illegal Act • Bacterial Infections • Diseases • AIDS • Dangerous sports etc…

  8. Need Analysis Total Sum Insured - 6-8 times annual income (Thumb Rule) Personal Accident Insurance is required 1) To pay Upfront & long term liabilities 2) To provide a steady income to the family over next 10-20 yrs

  9. Need Analysis The Choice of Number of Units depends on • Upfront liabilities - home loan / Personal loan / Car loan • Long Term liabilities - Children’s education / marriage • Emergency Fund • Monthly Salary (Weekly Benefit) • Number of children • Number of earning members • Children about to enter graduation

  10. F A Qs • Do I really need a PA Policy as I have life insurance Policy ? • I am already covered by my company • I get accident cover through my credit card • Do I have any tax benefits on the PA Policy ?

  11. IPA - Product Comparison

  12. I hear and I forgetI see and I rememberI do and I understand

  13. Thank You ! Call: 0 924 650 9367 Email: FitnessFundas@yahoo.com

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