Personal Accident Insurance

Benefits of Personal Accident Insurance Policy

Personal accident insurance offers a range of benefits, such as:

• Cover financial loss resulting from the accident and treatment of injuries like burns and fractures
• Compensation of loss due to Permanent Total Disablement (PTD) and Permanent Partial Disablement (PPD)
• 100% of the sum insured paid to the family in case of accidental death of the insured person
• Other benefits like cover for daily allowance, reconstructive surgery, domestic road ambulance, repatriation and funeral expenses, and expenses for education of a dependent child
• Hassle-free claim procedure

What is not covered under Personal Accident Insurance Policy?

• Any self-inflicted injury, suicide or attempted suicide, sexually transmitted conditions, mental or nervous conditions, insanity, disorder, anxiety, stress, or depression
• The Insured Person flying in an aircraft other than as a fare-paying passenger in a Scheduled Airline
• The Insured Person engaging in sporting activities in so far as they involve the training for or participation in competitions of professional sports, unless declared beforehand and agreed by the company in writing subject to additional premium being received and incorporated accordingly in the policy
• An insured person serving in any branch of the military, navy or air-force or any branch of armed Forces or any paramilitary forces
• Any claim related to Hazardous Activities
• Persons whilst working within underground mines, explosives, press, activities like racing on wheels or horseback, winter sports, canoeing involving white water rapids, any bodily contact sport
• Claim arising out of mental illness, stress, psychiatric or psychological disorders

Procedure to make a Personal Accident Insurance Claim

You can apply for reimbursement of your expenses by simply notifying us. You can call us directly; send us the specified documents over a mail. Your claim will be processed and reimbursed; however, our claim team will reach for further clarification in case of any queries. We deliver our promise. We offer hassle-free and speedy settlements.

Personal Accident Insurance vs Life Insurance

Life insurance plans offer insurance coverage wherein the policyholder chooses the beneficiaries to receive a fixed amount as a lump sum upon the policyholder’s death. Unlike term insurance, life insurance plans also offer maturity benefits.

However, personal accident insurance plans are specifically designed for covering accident-related losses, including the death of the policyholder as a result of the accident. Also, these plans offer cover for hospitalization, disablement, reconstructive surgery, ambulance costs, etc.