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Is there any maximum limit in sum assured for grant of accident benefits?

April 26, 2017Accident assured Benefits limit maximum

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Is there any maximum limit in sum assured for grant of accident benefits?

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The benefit can be availed only up to 5 lakhs sum assured under all the policies, which the life assured, holds in his name.

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Maximum accident benefit one can avail under all the policies which he holds is fixed and varies from company to company In case of LIC it is Rs. 5 lakhs sum assured.