ACKO Personal Accident Policy

Overview

The ACKO Personal Accident Policy (filed with IRDAI as Saral Suraksha Bima, ACKO, UIN ACKPAIP21638V012021) is designed to protect you financially if an accident leads to injury, disability, or death. It covers situations like road accidents, falls, or slips and pays a fixed lump sum to support you or your family. Since accidents are sudden and treatment can be expensive, this policy acts as a simple safety net so you don’t have to depend only on savings.

You can also combine this cover with other plans for better protection, such as health insurance or car insurance. It is flexible and can be customized with add-ons based on your needs, making it useful for anyone looking to secure their finances against unexpected accidents.

The Acko Personal Accident Policy is a safety net that can protect you from financial distress and help you recover rather than worrying about inflating healthcare costs. You can also buy the Acko Personal Accident Cover with different insurance combinations, such as:

• Temporary Total Disability (optional)
• Child Education Grant (optional)
• Hospitalisation Expenses due to Accident (optional)

To understand the specifications, benefits of buying an Acko Personal Accident Plan, and exclusions of the Acko Personal Accident Cover, scroll down. When it comes to buying an accident cover insurance policy, the goal should be clear and impactful.

Specifications of Acko Personal Accident Policy

Benefits of Acko Personal Accident Policy

Common Injuries Covered

This policy covers some of the common types of injuries, including:

• Broken bones
• Concussions
• Spinal injuries
• Burns
• Loss of limbs
• Permanent vision impairment

Financial Security

ACKO pays the sum insured, or a fixed percentage of it, depending on the disability listed in the policy.

Affordability

The Acko Personal Accident Policy comes with an affordable monthly premium option that won’t strain your finances.

24/7 Coverage

The policy covers accidents 24 hours a day during the policy period.

Tax Benefits

A standalone personal accident policy is not eligible for Section 80D. The deduction applies only when accident cover is part of a health insurance policy.

Exclusions

• Self-inflicted injuries
• Injuries while under the influence of alcohol or drugs (unless the insured is not directly responsible)
• Taking part in hazardous or adventure sports as a professional
• Suicide or attempted suicide
• War, and nuclear, chemical or biological terrorism
• Criminal intent and complications arising from it

Note: These are standard exclusions, but they might differ from the exact ones in your policy. For a detailed list of exclusions (what’s not covered), please check the terms & conditions of your policy documents. Remember, all variants of this plan have different sets of exclusions, so read carefully before buying or claiming your policy.