Accident Relief launches accident insurance product

More medical insurance schemes

Accident Relief Care (ARC), a Bangalore-based organisation which provides accident relief services, in association with the United Insurance Company Limited, has launched an accident insurance product in the twin cities of Hyderabad and Secunderabad.

Announcing this at a press conference, Ajay Singh, a doctor by profession who started this accident insurance scheme in Bangalore, said, "Under this scheme a victim will get medical coverage of up to Rs 1 lakh. It is not a one-time payment. If a person meets with an accident more than once in the same year, he is still entitled to get medical coverage of up to Rs 1 lakh." In the case of death due to an accident, the nominee is paid Rs 1 lakh, in addition to the medical bills.

There are three schemes that a customer can opt for. The first scheme is an individual insurance scheme, where the premium that has to paid is Rs 365 per annum with a registration fee of Rs 85. The second is a family scheme for four, at a premium of Rs 1,350. And the third is a Rs 800 insurance policy for couples.

ARC plans to have eight ambulances which will operate round the clock and has plans to a tie-up with about 75 hospitals and 15 diagnostic centres.

The ARC, which was has been already launched in Bangalore has over 2.5 lakh customers and has settled medical claims of about Rs 2 crore. Apart from the medical insurance, an ARC member is also entitled for a discount of up to 25 per cent at diagnostic centres.

Singh said, "The schemes are applicable not just in the city where the customer is registered but anywhere in the country where a customer meets with an accident."

K Sailesh, director marketing and operations in Hyderabad, said, "ARC expects to have a base of three lakh customers in one year in the city."

Responding to a question Sailesh said, "We are concentrating on establishing ourselves in the city and only then do we plan to expand to other parts of the country."