Personal Accident Insurance
Each one of us in our day-to-day life is exposed to risks of accidents, though exposure to some is more than the others. Besides the man-made risks, the natural hazards like lightning, flood, earthquake etc. is equally responsible for accidents.
Personal Accident Insurance has been designed for individual or members of various groups to provide compensation or financial assistance in case one suffers from Death or Disability due to some External, Accidental and Violent means.
Scope of Cover:
The Policy provides for payment of fixed amount (benefit) on happening of specified contingency caused by External, Accidental and Violent means. An accident may include events like:
- Rail, road, air accident
- Injury due to any collision / fall
- Injury due to bursting of gas cylinder
- Snake bite.
- Burn injury, drowning, poisoning, etc.
This is only an illustrative list, not an exhaustive list.
Summary of Benefits:
Contingency
Death
Loss of two limbs, two eyes, or one limb & one eye
Loss of one limb or one eye
Permanent Total Disablement from Injuries other than those name above (PTD)
Permanent Partial Disablement (PPD)
Temporary Total Disablement (TTD)
Amount of Compensation
100% of Capital Sum Insured
100% of Capital Sum Insured
50% of Capital Sum Insured
100% of Capital Sum Insured
Specific % of Capital Sum Insured
1% of Capital Sum Insured per week
The coverage is world-wide
The capital sum insured to be opted depends on the annual income of the particular person. The best part of this policy is that it compensates the amount of salary for that particular period when the insured person is temporarily confined due to some accident and is not able to attend his occupation / profession.
