Saral Suraksha Bima policy: The minimum sum insured under the cover will be Rs 2.5 lakh, and maximum limit is Rs 1 crore
The standard personal accident insurance policy offers three mandatory covers - death, permanent total disablement and permanent partial disablement
Saral Suraksha Bima will cover the accidental death and any permanent disability arising out of the accident.
Each product has unique features and the insuring public may find it a challenge to choose an appropriate product, IRDAI said