Network hospitals
3200+
Incurred claim ratio
91.31%
Sum insured
Up to 2 Crores
No. of Plans
1
Solvency Ratio
0.3
Pan India Presence
850+
You can buy the National Insurance personal accident plan on an individual or family floater basis that acts as a standalone policy. This policy is designed to cater to high-risk professionals/individuals categorized as the normal, medium, and heavy risk of the occupation involvement of the person. Hence, the payable premium varies from normal to heavy-risk individual/s in an ascending order.
With a guaranteed sum assured, it offers financial coverage related to accidental death. Also, it covers the critical conditions related to accidental injury such as total disability depending on the severity of injury. Additionally, if there is an optional cover choice that provides coverage for emergency hospitalisation related to an accident, with an extra payable premium. Read further to learn more about the eligibility requirements, coverage benefits, inclusions, exclusions, and more about the National Insurance personal accident plan.
To understand National Personal Accident Policy Insurance in detail, take a look at the below table:
5 years - 70 years
Accident Health Insurance
10 L
N/A Days
Lifelong
1 year
*Initial Waiting Period is the time period between the issuance of the policy and the time it starts actively. During this period, a policyholder has to wait to avail of the benefits offered under a health insurance plan.
Before investing in this policy, know about the major benefits of personal accident policy under National Insurance:
The plan covers several conditions of accident/s, the criteria and coverage of which are mentioned below:
For the loss of limbs, two eyes or one limb and one eye, the payout goes up to 100% of the sum insured. And, for the loss of one limb or one eye, get a payout of 50% of the overall sum insured.
If the policyholder dies outside their native place, the insurer will reimburse transporting charges of their dead body up to 2% of the sum insured at a maximum of INR 1,000.
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.
The policy allows reimbursement of medical expenses up to 10% of the basic sum insured or 40% at maximum for admissible hospitalisation expenses caused due to an accident.
There's a facility of availing a 5% bonus against each claim-free year up to a sum insured of 50% on further renewals.
You can get up to a 10% family discount on premiums if your family members (up to 6 individual/s) are included in the same individual policy.
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.
Read here, the common exclusions of the National Insurance accidental policy:
Pre-existing disease/disability
Intentional self-injury or an act of suicide/suicidal attempts
Drug abuse and alcoholic reasons for injury/death
Insanity
Maternity/newborn expenses
Cumulative bonus for death only benefit
Breach of law/unlawful activity, intention of criminal act
Check out the detailed exclusions in the policy's terms & conditions.
To cater to the different medical needs of an individual & their family, National Health Insurance offers several Health Plans ranging from senior citizen plans to specialized plans for autistic children, to health insurance for cardiac patients, and many more.Take a look below to National Health Insurance plans explore more:
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Top Up and Super Top Up
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Senior Citizen Health Insurance
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Anyone within 5 - 70 years of age, especially those who have an occupational risk of getting into an accidental mishap must buy this policy.
The risk classes under this plan are classified into three sections, such as: Normal risk- Doctors, bureaucrats, lawyers, consultants, bankers, etc. Medium risk- Drivers, veterinary doctors, consulting engineers, heavy-vehicle and machinery operators, mechanical engineers, etc. High risk- Person working in kilns, explosive areas, circus, adventure sports trainers, heavy sportspersons, etc
There is no specified waiting period for getting coverage of accidental causes, as the accidental conditions are covered from day 1.
Yes, the grace period for the National personal accidental insurance policy is 30 days.
The maximum renewal age for the National Insurance accidental policy is 70 years.
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Lives In: Delhi, NCR Expertise: Health & Term Insurance Simran has an experience of 4 years in content writing. She transitioned from hospitality and digital marketing to the insurance industry after her emerging interest in how vast insurance is. With her ability to write complex insurance concepts in a simple, relatable manner, she keeps her audience hooked and solves their doubts smoothly.
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