Accidental Insurance Coverage

You can avail the following coverage benefits with a personal accident insurance policy –

1. Accidental Death Cover

An accident can be both emotionally and financially devastating for the dependent family members. In case of fatal injuries, the entire sum assured is paid to the nominee as mentioned in the policy document.

2. Permanent/Total Disability Cover

In case an accident results in permanent disabilities or lifelong total impairment such as loss of both the limbs, then a specified sum insured amount is paid to the policyholder.

3. Permanent Partial Disability Cover

If bodily injuries, resulting in permanent partial disabilities, then a certain percentage (up to 100%) of the benefit is paid to the insured.

4. Temporary Total Disability

In case the insured meets with temporary total disabilities and is bedridden, then the insurer will provide a weekly allowance to recompense the loss of income. The insured can also utilize this claim amount to pay the EMIs, in case there is a loss of earnings.

Major Inclusions and Exclusions of Personal Accident Insurance Plan
Educating yourself about terms and conditions before you avail such a policy always works in your favour. So, here’s a quick rundown of the inclusions and exclusions:

Inclusions

Accidental death
Permanent total/ partial disability
Accidental dismemberment
Medical expenses/ hospitalization charges
Child education support
Life support benefit
Burns, broken bones and Ambulance
Daily allowance
Accidental dismemberment

Exclusions

Natural death
Pre-existing disability or injury
Childbirth or pregnancy
Suicide or self-injuries
Non-allopathic treatments
Influence of intoxicants
Committing a criminal act or being involved in war activities, suffering from a mental disorder
Participating in the naval, military, air force, adventurous or sports activities
Childbirth or pregnancy