Accidental Insurance
Accidents impact anyones lives physically, emotionally, and financially. An unforeseen incident drains anyones lifelong savings and leaves them shattered with the extreme financial burden. Personal accident insurance provides financial security to you and your family in the event of serious injury or illness caused due to accident. It also covers total and partial disablement or death.
The common features of a personal accident policy are
- It gives you round the clock coverage.
- It has global coverage.
- Multiple family members can be covered under one policy.
- The policyholder can avail of a discount on the premium in case of covering more members.
- In the event of accidental death, the expenses towards carriage of a dead body are paid without charging extra premium.
- Few policies also give coverage against education to the dependent children of the deceased, subject to terms and conditions.
Personal accident policy provides partial and full coverage against the loss or damage due to accidents to the following extent
- Accidental death – 100% of sum insured
- Loss of two limbs or two eyes – 100% of sum insured
- Permanent total disablement – 100% of sum insured
- Permanent partial disablement – % specified in the tables
- Temporary total disablement 1% of sum insured up to Rs.3,000/= per week subject to a maximum of 100 weeks
- Medical expenses benefits can be taken as extension cover
