Individual personal Accident
Personal Accident Insurance policy provides your beneficiary with a death benefit in the unfortunate event of your accidental death and It also provides you with cover against Permanent Total Disablement (PTD) on account of an accident
The Personal accident insurance covers , the following benefits:
Cover against Accidental Death or Permanent Total Disablement (PTD) on account of an Accident.
Optional Cover against Accidental Hospitalisation Expenses and Accidental Hospital Daily Allowance
Covers different types of accidents like road, rail accidents, accidents due to natural calamities and arising out of terrorism/ terrorist acts
No health check up required
The policy operates worldwide and is a 24 hours cover.
Different coverages are available ranging from a restricted cover of Death only, to a comprehensive cover covering death, permanent disablements and temporary total disablements.
Family Package cover is available to Individuals under Personal Accident Policy whereby the proposer, spouse and dependent children can be covered under a single policy with a 10% discount in premium.
Group personal accident policies are also available for specified groups with a discount in premium depending upon the size of the group.
The selected Individual PA policies can be bought on line using credit, debit cards as well as net banking.
Any adult residing in India can take the policy covering himself / herself and dependent family members between the ages of 5 and 70yrs
The detailed coverage are mentioned in Salient features section.
In Individual Personal Accident policy, facility of cumulative bonus is given whereby the capital sum insured is increased by 5% every year on claim free renewals subject to a maximum of 50%. This cumulative bonus is not available for death only cover.
The various coverages are explained as below depending on the type of policy purchased.
- Accidental Death:
It provides for payment of compensation on the insured person's death caused by bodily injury arising out of accidental, violent, external and visible means and resulting in death within 12 (twelve) calendar months of occurrence of the accidental injury. - Permanent Total Disablement:
It provides for payment of compensation for bodily injury caused by accidental, violent, external and visible means resulting in Permanent Total Disablement resulting from an accident. - Permanent Partial Disablement:
It provides for payment of compensation for bodily injury caused by accidental, violent, external and visible means resulting in Permanent Partial Disablement within 12 (twelve) calendar months of occurrence of such injury. - Temporary Total Disablement:
It provides for payment of compensation for bodily injury caused by accidental, violent, external and visible means resulting in Temporary Total Disablement. The compensation shall be payable for the temporary period for which the Insured Person suffers from total disablement due to accidental bodily injury.
Intentional self injury, suicide or attempted suicide
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Under influence of intoxicating liquor or drugs
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Racing on wheel, Hunting Big game shooting, Mountaineering, engaged in winter sports, skiing & Ice Hockey.
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Insanity.
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Breach of law with criminal intent.
