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A Presentation on Individual Personal Accident (IPA) Products

This presentation aims to explain the product features, the need for IPA, coverage options, and the unique features of IPA. It includes a comparison with other insurances, need analysis based on sum insured, and frequently asked questions. The focus is on offering financial protection in case of accidents with escalating benefits and exclusions. Suitable for individuals seeking comprehensive accident coverage.

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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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