National Personal Accident Policy

Benefits of National Insurance Personal Accident Policy

Before investing in this policy, know about the major benefits of a personal accident policy under National Insurance:

1. Accidental benefits

   The plan covers several conditions of accidents, the criteria and coverage of which are mentioned below:

   • Accidental death - payout 100% of the sum insured
   • Permanent total disablement - payout 100% of the sum insured
   • Permanent partial disablement - payout as per the policy terms' specified limit
   • Temporary total disablement - payout 1% of the sum insured up to 104 weeks at maximum, out of which the maximum weekly benefit limit should not exceed INR 5,000

2. Loss of body parts

   For the loss of limbs, two eyes, or one limb and one eye, the payout goes up to 100% of the sum insured. For the loss of one limb or one eye, get a payout of 50% of the overall sum insured.

3. Dead body mobility

   If the policyholder dies outside their native place, the insurer will reimburse transporting charges for their dead body up to 2% of the sum insured, with a maximum of INR 1,000.

4. Educational fund

   The policy pays out for the education continuation for a maximum of 2 children up to 10% of the total sum insured, not exceeding INR 5,000 for each child.

5. Additional benefits

   The policy allows reimbursement of medical expenses up to 10% of the basic sum insured or a maximum of 40% for admissible hospitalization expenses caused due to an accident.

6. No-claim bonus

   There's a facility to avail a 5% bonus against each claim-free year up to a sum insured of 50% on further renewals.

7. Discount

   You can get up to a 10% family discount on premiums if your family members (up to 6 individuals) are included in the same individual policy.

8. Tax benefits

   Avail a tax benefit on the overall premium paid towards your National Insurance accidental policy, tax benefits under Section 80D of the Income Tax Act, 1961.