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Road Accident Compensation Scheme

Centre for Financial Literacy (CFL)

Road Accident Compensation

Get financial support of up to ₹2,00,000 in case of road accidents

Accident Cover up to

₹2,00,000

Just ₹20 yearly premium

About the Scheme

A financial support program designed to provide compensation in case of road accidents

Financial Protection

Get financial support of up to ₹2,00,000 in case of accidents to help with medical expenses and recovery.

Quick Disbursement

Fast processing and disbursement of claims to ensure timely financial support when you need it most.

Simple Documentation

Minimal paperwork required for enrollment and claim processing to reduce hassle during difficult times.

Family Support

Coverage extends to family members to ensure comprehensive protection for your loved ones.

Key Benefits

Discover how our road accident compensation scheme can help you and your family

1

Accident Coverage

Financial compensation of up to ₹2,00,000 in case of road accidents.

2

Medical Expenses

Coverage for hospitalization and medical treatment expenses.

3

Disability Benefits

Additional support in case of permanent disability resulting from accidents.

4

Family Protection

Financial support for family members in case of the policyholder's death.

5

24/7 Assistance

Round-the-clock support for claims and assistance during emergencies.

6

Affordable Premium

Low-cost premium to ensure accessibility for all income groups.

Important Information

The scheme offers compensation up to ₹2,00,000 for road accidents. Coverage includes medical expenses, disability benefits, and family support. The program is operated by Union Bank of India under the Centre for Financial Literacy (CFL) initiative.

Eligibility Criteria

Check if you qualify for our road accident compensation scheme

Who Can Apply?

  • Indian citizens aged 18-70 years
  • Vehicle owners and regular commuters
  • Valid identification and address proof
  • Bank account with Union Bank of India or any other scheduled bank

Required Documents

  • Identity Proof (Aadhaar Card, PAN Card, Voter ID)
  • Address Proof (Utility Bill, Rental Agreement)
  • Passport Size Photographs
  • Bank Account Details
  • Vehicle Registration Documents (if applicable)

Coverage Details

Accident Compensation

Up to ₹2,00,000 depending on severity of accident

Medical Expenses

Coverage for hospitalization and treatment costs

Disability Compensation

Additional benefits for permanent disability

Death Benefits

Full sum assured paid to nominees in case of death

Premium

Affordable annual premium with easy payment options

Apply Now

Fill out the form below to apply for the road accident compensation scheme

Application Form

All fields marked with * are required

1 Personal Information

2 Vehicle Information

3 Nominee Information

4 Document Upload

5 Bank Details