Personal Accident
Insurance
- Safety form unforeseen events
- Benefits of personal accident insurance
- Inclusions & Exclusions
Medical emergencies such as road accidents are uninvited. As per the report published by the Ministry of Road Transport and Highways in 2022, the states and union territories reported a total of 4,61,312 road accidents. Out of which 1,68,491 lives were claimed.
Unfortunately, accidents not only affect your health but might affect your overall capability to work. Personal accident insurance is designed to protect you and your family from such fatalities.
7 Best Personal Accident Insurance Plans
Personal accident insurance offers comprehensive health coverage against accidental death, injuries, and disabilities both partial and permanent. In case the insured policyholder passes away due to an accidental death the sum insured is provided to the nominee.
Now that we have understood what accidental cover policy is, let us further understand the inclusions of the same.
We have rounded up some of our top personal accident insurance picks for you and your family. Scroll further to take a look
On investing in the best personal accident insurance you are entitled to the inclusions and exclusions mentioned below:
| Inclusions | What Does It Mean? |
| Accidental Death | In case of an accidental death, the legal nominee is entitled to receive 100% sum insured |
| Permanent Partial Disability | In case of partial disability due to accidents, a fixed percentage of the sum insured is provided to the insured individual |
| Permanent Total Disability | In case of permanent disability due to accidents, a fixed percentage of the sum insured is provided to the insured individual |
| Temporary Total Disability | In case of an accident, the insured individual is disabled and bedridden partially, the insurance plan offers a weekly allowance as compensation for the loss of income |
| In-patient hospitalisation | Expenses including room rent charges, ICU charges, doctor fees, etc are all covered under the accidental cover policy |
| Education Support for Dependent Children | Personal accident policy also offers education support for dependent children of insured individuals in case of accidental death or disability. |
| Emergency Ambulance | Personal accident insurance covers expenses for emergency road ambulance in case of road accidents |
| Funeral Expenses | The nominee of the insured individual will receive a specific amount to cover funeral expenses |
We have rounded up some of our top personal accident insurance picks for you and your family. Scroll further to take a look
| Health Insurance Company | Personal Accident Insurance |
| Star Health | Star Accident Care Individual Insurance Policy |
| Care Health | Care Secure Personal Accident Insurance |
| Niva Bupa | Niva Bupa Personal Accident Insurance Plan |
| Aditya Birla | Activ Secure Personal Accident |
| HDFC Ergo | Personal Accident Insurance |
| SBI Health | Individual Personal Accident Insurance |
| Niva Bupa | Personal Accident Care |
| Aditya Birla | Activ Secure Personal Accident Policy |
| ICICI Lombard | Personal Protect Policy |
| TATA AIG | Accident Guard Policy |
Personal accident insurance can be divided into 2 different categories namely,
Thinking about investing in a personal accident insurance policy? Read further to understand personal accident insurance benefits that you can avail of:
As we know, an accident can happen at any time. It can happen at your workplace, while traveling, etc. So, the personal accident insurance plan becomes essential for every individual. Having a Personal Accident Insurance policy ensures financial security to you and your dependents in the event of unforeseen accidents. It covers ambulance and medical service costs, hospitalization due to any type of accident, burns, cuts, fractured bones, loss of limbs, or loss of vision, etc.
Personal Accident Cover is the best solution to safeguard yourself from any unfortunate incidents and medical emergencies which in turn may break your bank and drain you from all your life savings. Personal Accident Cover is an individual’s solution against unfortunate events such as accidental death, Accidental injuries that may leave you partially or completely paralyzed, and treatments for disabilities due to any accidents. Personal Accident Cover provides a lump sum amount as per the selected policy to the nominee of the insurance holder in case of accidental death and other benefits and covers in case of scenarios such as loss of limbs, loss of eyesight, permanent or partial disability, etc.
While most health insurance companies give the above-mentioned benefits as part of a personal accident plan, insurers may also provide the following additional benefits:
Personal Accident premiums are calculated based on a variety of criteria, including:
Insurance providers may require a specified set of documentation when purchasing a health insurance plan. To purchase a Personal Accident Health Insurance policy, you need the following documents:
We have categorized some occupations into three types based on the risk level in general:
| Category | Risk Level | Coverage |
| SET 1 | Low Risk | Managers Accountants Doctors Architects Teachers Lawyers Office workers |
| SET 2 | Medium Risk | Manual laborers Machine operators Mechanics Drivers of heavy vehicles Cash carrying employees Builders and contractors Veterinary doctors |
| SET 3 | High Risk | Mineworkers Jockeys Circus performers Dangerous sport persons like river rafting, etc. Mountaineers, etc. |
A personal accident plan comes with some exclusions. Exclusion can vary from insurer to insurer. A general list of exclusions is given below:
Always read the policy terms and conditions attentively if you decide to buy personal accident insurance for your protection. This will help you understand the inclusions and exclusions properly.
To intimate the claim, the following details are to be provided to the Company:
In case of a death or disability claim, following are the documents required to be submitted:
A minor accident can cause major health ailments or result in untimely death. A personal accident add-on cover with your base health cover has its limitations such as sum insured capping, treatment capping, and disability cover limits.
However, with a dedicated personal accident insurance plan you will be able to protect yourself and your family against various fatalities. The plan includes education cover for dependent children, along with funeral expenses. A lump sum amount is provided to the nominee in case of accidental demise of the insured individual. However, with a dedicated personal accident insurance plan you will be able to protect yourself and your family against various fatalities. The plan includes education cover for dependent children, along with funeral expenses. A lump sum amount is provided to the nominee in case of accidental demise of the insured individual.
To find out more about the ideal personal accident health insurance connect with our insurance experts.
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Simran is an insurance expert with more than 3 years of experience in the industry. She may have all the answers to your insurance queries. With a background in Banking, she proactively helps her readers to stay on par with all the latest Insurance industry developments.
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