Personal Accident Insurance

Personal Accident Insurance policy gives complete financial protection to the protected members against uncertainties such as accidental death, Accidental physical damage, partial/total inabilities, and permanent and temporary disabilities resulting from an accident. In the policyholder’s unexpected death, the nominee gets 100% compensation from the insurer.

Policybazaar- Personal Accident Insurance

An Accident does not come tapping at the door. It can appear anytime, anywhere and may result in minor to severe damages. Any such uncertainty may lead to a financial emergency, so it is recommended to buy an accidental insurance policy.

• One can distinguish accidental insurance policy from top insurers
• Make Instant Personal accident protection online
• Take the lowest premium on the personally accidental cover.

Types of Personal Accident Insurance Policy

There are two types of the accidental insurance policy.

1. Individual Accident Insurance: The policy type guards an individual in case of any accidental injury. It covers accidental death, loss of limbs or sight, or other permanent unfitness resulting from an accident.
2. Group Accident Insurance: It is taken by employers to get coverage for their employees. Depending on the group size, some insurers also provided a discount on the premium.

Personal Accident Insurance Policy Coverage

• Accidental Death
• Permanent Total Disablement
• Permanent Partial Disablement
• Temporary Total Disablement

Personal Accidental Insurance Policy Not-Coverage

• Adventure sport damages
• Self-inflicted damages
• War
• Participation in security operations
• Venereal or sexually transferred diseases
• Treatment of obesity or cosmetic surgery

Accident Insurance Cost

The Premium varies based on the plan you have opted for and your age, occupation, and medical history. It is suggested that you opt for the sum insured amount that is 100 times more than your monthly income.

Starhealth- Accident Plans

How to file an Accidental insurance Claim?

Below have mentioned the initiate the claim process, you need to inform the insurance provider within the designated time frame.

1. Contact number
2. Policy number
3. Date and time of the accident
4. Name and contact details of the protected person who is damaged
5. Location
6. A brief description of how the accident/ loss took place with its location details.
7. The size of the loss

Accidental Death Documents Required

• Death certificate
• Post-mortem report
• FIR report
• Medical certification
• Medicine bills

Additional Benefits of Personal Accident Insurance Policy

• Hospital everyday Cash
• Ambulance Expenses
• Transportation or repatriation of mortal remains
• Broken bones
• burns
• Family Transportation Allowance
• Education Advantages
• Loan
• Adaptation Allowance

Best of Luck…!!!