Friends of BCAS

Universal Sompo General Insurance
Product Offered to BCAS Members
Sr. No Offering - Motor USGI Market Availability / Comparison
1 Nil Depreciation claims Unlimited Claims Maximum 2 - Nil Dep claims Allowed
2 RAT bite claims Covered without Additional premium Covered with Additional premium – as Add on coverage
3 Windshield Repair Available at Door-Step in Metro & Tier 1 cities No Such details available
4 Preferred Network Garages 6 months repair warranty No Such details available
5 Claim Settlement No Paper work required Different for Insurer to Insurer
6 Cashless Claims / Reimbursement claims Settlement within 24 hrs Different for Insurer to Insurer
7 Premiums Discount Flat -78% (Non-OEM vehicles) Discount up to 75% (Non-OEM vehicles)
Coverage Motor
Accidental External means
Fire, Explosion, Self ignition or lightning
Burglary, or theft , Riot , Strike
Earthquake (Fire and Shock Damage)
Flood, typhoon, hurricane, storm, tempest, cyclone, inundation, hailstorm, frost;
Malicious Act /Terrorist activity /Landslide/rockslide
COMPULSORY INSURANCE cover
Death or bodily injury of any person Death or bodily injury of any person
Damage to any property of third party Damage to any property of third party
Personal Accident cover
Compensation for bodily injury or death sustained by owner-driver of the vehicle, indirect connection with the vehicle insured or whilst driving or mounting into/dismounting from the vehicle insured as per Scale of Compensation
Exclusions Specific
Consequential Loss, depreciation, wear and tear
Failure or breakage
Mechanical or electrical breakdown
Damage to tyres and tubes unless vehicle is damaged at the same time –Liability of the company shall be limited to 50% of the cost of replacement
Loss or damage to accessories by burglary, housebreaking or theft unless the vehicle is stolen
Any Accidental loss or damage suffered when the insured is under the influence of intoxicating liquor or drug
Damage by a person driving without a valid license
Exclusion - General
Any accidental loss or damage or liability sustained outside India
Any claim arising out of Contractual Liability
Loss or damage due to use of vehicle beyond its scope of use (‘Limitations as to use’)
Loss or damage due to consequential loss
Loss or damage due to ionising radiations or contamination by radioactivity from nuclear fuel etc.
Loss or damage due to nuclear weapons materials
Loss or damage due to war, invasion, act of foreignenemies, hostilities or warlike operations, civil war, mutiny, rebellion, military or usurped power.

Group Super Top Up Policy USGI -Coverage Market Availability / Comparison
Eligibility Only for BCA- members
Policy type Family Floater Individuals / Family floater
Deductible 3 lac & 5 Lac Variable
Sum insured flat 10 Lac & 15 Lac Variable
Family definition Self +Spouse + 2 Children (<25yrs) Self +Spouse +2 Child (<21yrs)
Age of Applicant 18 yrs. to 65yrs offered up to 65yrs
Medical Check ups No Medical check ups required Medical check ups required based on plan & health conditions
Pre existing diseases Covered after 2 yrs. Covered after 4 yrs.
Day care treatment 547 covered 200-400 covered
Organ transplant covered up to SI Variable
Domiciliary Hospitalization covered up to SI Variable
Ambulance covered Variable
Cashless Cover in 5000+ Hospitals Variable
Premium
Flat premium up to 65 yrs 5000/- for 10 Lac SI 12000 for 10 Lac S
7000/- for 15 Lac SI 13000 for 15 lac SI
Tax Benefit Yes Yes
Exclusions Specific to Super top Up
First 30 days from inception
First 2 yrs for Pre-existing diseases
First 2 yrs for specific diseases like - cataract / polyps /ulcer / hysterectomy / gall stones etc.
Medical Expenses in excess of deductible stated in the Policy Schedule on per year basis. (for e.g. 3 Lac & 5 Lac)
Exclusion - General
Any Medical expenses incurred outside India
Suicide or attempted Suicide, intentional self-inflicted injury, acts of self- destruction whether the Insured Person is medically sane or insane
Congenital external defects or anomalies or in consequence thereof.
Loss or damage due to consequential loss
Loss or damage due to ionizing radiations or contamination by radioactivity from nuclear fuel etc. & Loss or damage due to nuclear weapons materials
Loss or damage due to war, invasion, act of foreign enemies, hostilities or warlike operations, civil war, mutiny, rebellion, military or usurped power.
Pregnancy or childbirth or any consequence thereof
expenses incurred only for Investigation & Evaluation
Rest Cure, Rehabilitation and Respite Care
Obesity/ Weight Control unless medically required
Change-of-Gender Treatments & Sterility and Infertility
Cosmetic or plastic Surgery, unless required after accidental injury
Hazardous or Adventure sports
Breach of law /Unproven Treatments
Treatment for, Alcoholism, drug or substance abuse or any addictive condition and consequences thereof.
OPD expenses

Group Personal Accident USGI - Coverage Market Availability / Comparison
Eligibility Only for BCA- members
Policy type Individuals Individuals / Family floater
Age 18 yrs to 75yrs offered up to 60 or 65yrs
Sum Insured Fixed 15 Lacs & 20 Lacs (Not Linked with Income) Linked with Income status
Covers Accidental Death -100% Sum Insured
Add ons covers Transportation cost for carriage of dead body to Home including funeral Expenses- Rs 2500 Linked with Income status
Premium
15 Lac Sum Insured Rs 355/-
20 Lac Sum insured Rs 475/-
General Exclusion
Disease, illness, sickness, ill-health, infection and ailment of all kinds unless proximately caused by accident
Suicide or attempted Suicide, intentional self-inflicted injury, acts of self- destruction whether the Insured Person is medically sane or insane
Any Pre-existing condition or any complication arising from the same.
Pregnancy or childbirth or any consequence thereof
Consequential losses of any kind or actual or alleged legal liability
Foreign invasion, act of foreign enemies, hostilities, warlike operations (whether war be declared or not or while performing duties in the armed forces of any country during war or at peace time), participation in any naval, military or air-force operation, civil war, public defense, rebellion, revolution, insurrection, military or usurped power.
Medical or surgical treatment except as necessary solely and directly as a result of an Accident.
The Insured Person committing any breach of law or participating in an actual or attempted felony, riot, crime, misdemeanour or civil commotion with criminal intent
Use, abuse or a consequence or influence of an abuse of any substance, intoxicant, drug, alcohol or hallucinogen
Insured Persons whilst engaging in any Adventure Sports and activities unless otherwise specifically modified by the Policy
Ionizing radiation or contamination by radioactivity from any nuclear fuel Chemical attack or weapons
Biological attack

For further details and to avail the offer please send email to Prayank.shah@universalsompo.com with copy to friends@bcasonline.org

Site Address & Location

Bombay Chartered Accountants' Society
7, Jolly Bhavan 2, Ground Floor, New Marine Lines, Mumbai - 400020
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