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Personal Accident
KEEP YOUR MONEY SAFE FROM UNPREDICTABLE MOMENTS IN LIFE.
Personal accident insurance: What is it?
Have you ever thought what may occur as in event that you have an injury or an accident that limits your overall productivity and efficiency? All the information you want regarding personal accident insurance coverage is provided here. When accidents result in physical injuries that cause entire or partial disabilities or death, personal accident insurance provides financial compensation. If a person is hurt or tragically killed in an accident, this coverage provides their family’s financial security. Your profession influences the premium of your personal accident insurance.
What is Covered by This Personal Accident Policy?
Your safety is not guaranteed on the roads, even if you drive very cautiously.
- 100% of the amount insured in the event of the insured person's accidental death
- Permanent total Disability
- 100% of the amount insured in the event of the insured permanent total disability
- A payout of 100% of the insured amount in the event that two limbs/two eyes, or one limb and one eye, are lost.
- A 50% payout of the insured amount in the event that a limb or an eye is lost.
In the event of permanent partial disability, a certain percentage of the insured amount will be reimbursed.
Additional benefits of this personal accidental insurance coverage include:
- Needed to transport mortal remains
- Medical Expenditures Extension
- Personal Accident Insurance Policy can be extended to cover medical expenses for an additional premium
- Receive benefits equal to up to 40% of the amount paid in settlement of a legitimate claim under the policy, 20% of the pertinent sum covered, or actual costs, whichever is less.
FAQ
General Question
? I frequently go abroad for work and occasionally for pleasure. What if I get hurt while travelling abroad?
Personal accident policies provide coverage for all countries, so you can relax. Even if you have a mishap when travelling abroad, your claim will be compensated.
? I'm already covered by life and health insurance. So why should I purchase a personal accident policy?
Your nominee will get a death benefit if you have life insurance. Insurance for health care offers protection from hospitalisation and other medical costs. Contrarily, a personal accident policy protects against the monetary risk associated with temporary permanent disability, partial permanent disability, or unintentional death. It is as significant to have as a term plan or health insurance.
? Being a housewife, I spend the most of my time at home. Am I required to get personal accident insurance?
Everybody is susceptible to accidents at any time. There are an infinite number of accidents, including auto, rail, and natural disasters, etc. You can be financially prepared for such a situation by choosing a personal accident coverage.
? If I want to get a personal accident coverage, would my rates increase?
No. To protect the financial stability of your family, it is a little price to pay.
Talk To Our Insurance Experts
Are you perplexed by complicated insurance terminology? Don't worry. Speak with an IRDAI-certified insurance expert at Plum to get the best group insurance quote.