Why Personal Accident Insurance?

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Life is uncertain & immeasurable. Accidents & uneventful incidents never ring a warning bell before they strike. Road mishaps, accidents have gone up tremendously & the victims along with their families suffer the consequences of the such unfortunate situation. Alarming statistics report about 1214 road related death that occur in India every year; this should be an eye opener on the perils an individual is exposed daily.

While minor accidents can cause temporary hurdles, major ones can lead to disability for life or even demise. With a view to providing certain relief, insurance companies have devised various policies that serve as true life savers when met with an unfortunate circumstance.

Advantages of Personal Accident Policy:-

Give yourself a minute to think about what will happen to your dependents if you were disabled because of an accident? There will be no monthly income, no cash inflows but expenses will continue to rise. In such case, an accident insurance policy will help you bring these expenses under control.

Additional advantages are:
  • Substantial coverage offered with low premium
  • Double indemnity for disability for mishaps occurred while traveling in public transport
  • Easy claim process
  • Highly customized plan available
  • World wide coverage
  • Can be bought for individual & family
  • Child education advantage
  • No requirement of medical tests & documentation
What does the policy cover?

Accidental Death

Accidental death coverage gives compensation on the policyholder's death caused by bodily injury resulting out of an accident. The nominee will receive entire sum assured offered by the insurer.

Permanent or Total Disability

If the accident causes permanent or total disability, then 100% of the sum insured is payable to the policyholder.

Accidental Dismemberment

If policyholder's body part has been dismembered or severed in the accident then the person can claim the sum insured.

Additional Benefits

Funeral expenses can be claimed in case of accidental death. Expenses incurred for transportation of policyholder's dead body from the accident spot to the residence place is covered.

Daily Hospitalization Expenses

Monetary relief offered to the patient on daily basis on hospitalization.

Burns

A certain amount of the policy sum is payable, when an accident results in hospitalization & the victim is being treated for burn injuries.

Bonuses

Some policies may offer bonuses to the dependent kids of the policyholder. This becomes helpful in case of the death of the policyholder or extension of treatment period.






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