Personal Accident Policy
Personal Accident Insurance provides a lump sum amount to individuals or their beneficiaries in the event of accidents resulting in,
a. Bodily injury
b. Disability
c. Death.
Premiums vary based on risk category,
a. Category 1 – White collar jobs.
b. Category 2 – Blue collar jobs, Field executives, private drivers.
c. Category 3 – People exposed to hazardous conditions, JCB drivers, mine workers and seamen.
Add-On
Medical Expenses Reimbursement - Covers medical expenses incurred due to accidental injuries, including hospitalization, surgery, and rehabilitation costs.
Education Benefit - Offers financial support for the education of the insured's dependent children in case of accidental death or permanent total disability.
Family Transportation Benefit - Covers the transportation expenses for the insured's family to visit them during hospitalization or treatment.
Modification of Residence or Vehicle - Covers the cost of modifying the insured's residence or vehicle to accommodate their disability.
The transportation expenses of the insured's mortal remains in case of death due to an accident.
Funeral Expenses - Covers funeral and burial expenses incurred due to the insured's accidental death.
Repayment of outstanding loan - Coverage for the repayment of outstanding loans in the event of the insured's accidental death or permanent total disability, ensuring that financial liabilities are settled without burdening the insured's family or dependents.
Exclusions
2. Self-Inflicted Injuries.
3. Influence of Alcohol or Drugs.
4. Engaging in Hazardous Activities such as certain sports or adventure pursuits, may not be covered.
5. War or Terrorism.