Do You Know What are the Major Risks Covered by Personal Accident Insurance?


Do You Know What are the Major Risks Covered by Personal Accident Insurance?

The country's Economy is losing 3% annually due to the rising number of traffic fatalities. According to data, 1.5 lakh individuals die in traffic accidents every year, costing the country Rs 55,000 crore. These numbers are not shocking, considering that one person dies on Indian roads every four minutes, making it the country with the highest rate of road fatalities worldwide.

At the statical level, it might be a loss of 3%, but losing a family member is a considerably higher loss. If the deceased was the only source of income, it completely eliminates all earnings. The National Crime Records Bureau reports that between the ages of 18 and 45, people accounted for 61.2% of accidental deaths in 2014. On the other hand, it's very likely that you don't have personal accident insurance yet. This is unexpected, considering how affordable and practical personal accident insurance is. It would be best to get personal accident insurance to protect yourself against a road crash.

In addition to car crashes, workplace accidents can also occur, particularly if you work in a dangerous environment like a factory where you might have to operate large equipment. Each accident can potentially result in serious injuries and, in certain circumstances, even death. Thus, having a personal accident policy is advised. Here is a detailed list of all the major risks covered by personal accident insurance:

Accidental Death

An accident can be devastating for family members who are financially and emotionally dependent. If a person met with an accident and suffered a fatal injury, the nominee named in the insurance document will be paid the entire sum insured. The nominated family member receives the insurance payout for the unfortunate loss to support the family financially.

Permanent Partial Disablement (PPD)

If physical harm results in a permanent partial disability, the insured receives a portion (up to 100%) of the amount. Depending on the seriousness of the loss brought on by accident, it pays a predetermined percentage of the total sum insured.

Permanent Total Disablement (PTD) 

A defined sum insured is provided to the policyholder if an injury results in permanent impairments or total lifetime impairment, like loss of both limbs. The policy pays 50 to 100 % of the insured amount, depending on the seriousness of the loss and disability caused by accident.


A fracture recovery is a costly affair. In the event of all types of fractures, as specified in the policy, you get reimbursement of up to 100% of SI to lessen your burden. In the case of a leg fracture or other fractures, the policy will offer coverage ranging from 50% to 100% of the sum insured to aid in your hassle-free recovery.

Serious Burns

If you experience second and third-degree burns throughout the surface of your body, we will assist you by repaying you up to the insured amount in keeping with the terms of the policy. Insured amounts should range from 10% to 100%, depending on the severity of the burns if you experience burns due to an accident.

Reconstructive Surgery

You may be eligible for compensation for all types of reconstructive surgery carried out following the insurance guidelines if a medical condition has rendered your bodily functions deformed. You get coverage for surgery-related costs, as your doctor recommends, in the event of an accident.

Mobility Cover

Personal accident insurance is crucial for everyone at risk since it provides coverage for purchasing necessary medical prosthetics like wheelchairs, braces, and other equipment. Get coverage for these costs if an injury results in PTD and forces you to need orthopaedic braces, prosthetic devices such as artificial limbs, eyes or legs, hospital beds or wheelchairs.

Major Diagnosis

A personal accident policy assists you in paying for expensive diagnostic procedures like CT scans and MRIs ordered by a doctor, and that is carried out by the insurance policy's provisions. Suppose an accident-related injury necessitates that you undergo any diagnostic procedures, such as a CT scan or MRI, as recommended by a medical professional. In that case, you are able to proceed without fear. Testing must be completed within three months after the injury.

Child Education

Your accidental insurance coverage covers your dependant children's education in the terrible event of your accidental death or disability. The policy covers the child's education in the event that the insured dies in the accident or suffers a permanent total disability, making sure that their destiny is not jeopardised and they have a child education plan.

Summing It Up

Therefore, if your profession requires travel and you're constantly on the move. It is best to purchase a personal accident policy right away for the sake of your loved ones and yourself. By going to the website of your favourite insurance provider, you can now quickly buy a personal accident policy. You can choose a personal accident insurance policy by Care Health Insurance with sum insured options ranging from 10 to 50 lakhs. Before buying the policy, carefully review the coverage, inclusions and exclusions, advantages, sum insured, and claim procedure.

>> Also Read: Personal Accident Insurance: Expectations Vs Reality

Disclaimer - The above information is for reference purposes only: Policy Assurance and Claims at the underwriter's discretion.

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