PERSONAL ACCIDENT
PERSONAL ACCIDENT
STAY FINANCIALLY SECURED AGAINST UNEXPECTED MOMENTS IN LIFE.
What is Personal Accident Insurance?
Have you ever wondered what would happen if you suffer from an accident or injury that affects your ability to work? Here’s everything you need to know about personal accident insurance cover. Personal Accident Insurance offers financial compensation in the event of bodily injuries leading to total/partial disability or death caused due to accidents. This policy ensures the financial stability of an individual and his family if he/she gets injured or unfortunately dies in an accident. The premium of a personal accident cover depends on the occupation you are in.
What Does This Personal Accident Insurance Policy Cover?
Even if you are extremely cautious on the roads, your safety is not guaranteed.
- 100 % of the sum insured on the accidental deathof the insured person
- Permanent Total Disability-
- 100 % payment of the sum insured on permanent total disablement
- 100 % payment of the sum insured in the event of loss of two limbs/two eyes or one limb and one eye
- 50 % payment of the sum insured in the event of loss of one limb or one eye
- A specified percentage of the sum insured will be paid in case of permanent partial disability
- This personal accidental insurance policy also has some value-added benefits –
- Carriage of mortal remains
- Medical Expenses Extension-
- Personal Accident Insurance Policy can be extended to cover medical expenses on the payment of extra premium.
- Get benefit up to 40% of the compensation paid in settlement of a valid claim under the policy or 20% of the relevant sum insured or actuals, whichever is less.
Query?
FAQ
General Question
You can be rest assured, personal accident polices offer worldwide coverages. Your claim will be paid even if you meet with an accident overseas.
Life insurance offers the death benefit to your nominee in case of death..Health insurance provides a compensation against hospitalization and other medical expenses.A personal accident policy , on the other hand,insures against the financial risk that arises due to temporary permanent disability, partial permanent disability or accidental death. Its as important as term plan or health insurance.
Accidents can happen to anyone at anytime. Motor accident, rail accidents, natural calamities ..,,list is endless. Opting for a personal accident policy helps you to prepare financial in case of any such crisis.
No. It’s a small price to ensure your financial security of your family.