Insurance Policy
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Personal Accident Policy for Paragliding / Powered paragliding
Tailor-made Group Personal Accident Insurance Policy
PAI offers Insurance cover to all its members. This insurance is offered to PAI members only, upon enrolment by way of the necessary formalities and fee payment. The insurance policy is a Group Insurance Policy tailor-made for PAI by United India Insurance Company, one of the leading Insurance service provider in India. The ‘scheme’ is administered through ‘Bajaj Capital Limited’. The Insurance covers hospitalisation expenses incurred following an accident or death while being involved in Paragliding or Powered Paragliding.
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Policy details:
1. This policy is only eligible for members of ‘Paragliding Association of India’.
2. The policy covers hospitalisation for injuries due to Paragliding/Powered Paragliding.
3. The policy cover is not limited to PG sport, it also covers injuries from Mountaineering and all other kinds of accidents.
4. This is a group policy, where PAI will hold the master policy and all members would be part of PAI’s main group policy post enrolment.
5. Maximum age limit is 70 years.
6. This is not a ‘cashless policy’ . The medical expenses will be reimbursed.
7. The hospitalisation cover will have an upper limit (as mentioned in point 8 below)
8. Minimum sum insured is Rs. 2,00,000/- with 20% annual limit on medical expenses for accidental IPD/OPD treatment. Maximum sum insured is Rs. 5,00,000/-.
9. Premium for a sum insured of Rs. 2,00,000/- is Rs. 500/- and increases pro-rata.
10. Master policy will be issued to PAI and member’s policy will be sent to the individual directly.
11. The policy will be valid for one year from the date of issue.
12. Policy will be effective as soon as contact details of the member and payment are received by the insurance company, hence it would be wise for students to enrol for the insurance policy before starting their course in case they do not hold existing insurance.
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Premium Amount
| Sum Insured |
Premium Amount |
 2 Lac |
500.00 |
| 4 Lac |
1,000.00 |
| 5 Lac |
1,250.00 |
Select your desired 'Sum Insured' amount from above table and make payment of respective 'Premium Amount' to PAI.
Payment to be sent to ‘Paragliding Association of India’ by crossed cheque / NEFT transfer.
Account details
Beneficiary - Paragliding Association of India
Account No - 60044954528
Account Type - Savings
IFSC / RTGS code - MAHB0000084
MICR Code - 403014002
Bank - Bank of Maharashtra
Branch - Panaji Branch, Panaji, Goa.
How to enrol
This policy is eligible for PAI members only.
Login to your PAI account / Landing Zone here.
Request for a new insurance policy from the left side menu.
Requirement:
- Full Name
- Date of Birth
- Address
- Contact no.
- Scanned Photo ID Copy (PAN Card, Passport or Driving License)
All of above data will be automatically pulled from your PAI account database. Please verify before you submit.
- Your PAN No. (In case you haven't mentioned in your profile)
- Beneficiary (nominee) Name, Date of birth, Relation to insured
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