Personal Accident Insurance
Comprehensive protection against unforeseen accidents and disabilities.
Get in TouchWhat is Personal Accident Insurance?
Personal Accident Insurance is a specialized insurance policy that provides financial protection to you and your family in case of accidental death, disability, or injury. In India, where road accidents and workplace injuries are common, having personal accident insurance ensures that you and your loved ones are financially secured during challenging times.
Key Coverage Benefits
Accidental Death
Financial compensation to nominees in case of accidental death, typically 100% of sum insured.
Permanent Disability
Coverage for permanent total or partial disability resulting from an accident.
Hospitalization Expenses
Reimbursement of medical expenses incurred due to accident-related treatments.
Temporary Disability
Weekly benefit for income loss during temporary total disablement period.
Types of Personal Accident Insurance Policies
Individual Plans
Coverage specifically for an individual person, offering customized protection based on personal needs.
Family Plans
Coverage extending to family members under a single policy, often at a discounted premium.
Group Plans
Coverage for employees offered by employers as part of employee benefits package.
Why Choose Personal Accident Insurance?
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24/7 Coverage: Protection against accidents worldwide, 24 hours a day.
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Affordable Premiums: High coverage at relatively low premium costs compared to other insurance types.
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Tax Benefits: Premiums paid are eligible for tax deduction under Section 80D of Income Tax Act.
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No Medical Check-ups: Most policies do not require medical examinations for enrollment.
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Additional Riders: Options to enhance coverage with add-ons like hospital cash, education benefits, etc.
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Loan Cover: Protection against outstanding loans in case of disablement or death.
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Complementary Coverage: Works alongside health insurance to provide comprehensive protection.
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Simple Claims Process: Straightforward documentation requirements for faster settlements.
Important Exclusions to Note
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Self-inflicted Injuries: Deliberate self-harm or suicide attempts.
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Influence of Alcohol/Drugs: Accidents occurring under intoxication.
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Pre-existing Conditions: Disabilities or injuries that existed before policy purchase.
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Dangerous Activities: Injuries from adventure sports unless specifically covered.
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War & Nuclear Incidents: Injuries resulting from war, nuclear contamination.
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Pregnancy-related: Complications arising from pregnancy or childbirth.
How to Choose the Right Policy
Coverage Amount
Ideally 10x your annual income for adequate financial protection.
Policy Terms
Check for disability definitions, exclusions and waiting periods.
Insurer's Reputation
Research claim settlement ratio and customer service ratings.
Premium vs Benefits
Compare premium rates with coverage benefits across insurers.