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PERSONAL ACCIDENT INSURANCE


LIFE IS UNCERTAIN ACCIDENTS CAN HAPPEN ANY TIME. DURING SUCH TIMES, IT IS ALWAYS BETTER TO BE FINALLY PREPARED TO HANDLE THEM.

PERSONAL ACCIDENT: Accidents may occur anytime and anywhere. You never know when you might have one. Needless to say, an accident might lead to a lifelong disability or ever worse, such as a Total Permanent Disability or the Death. You might lose your ability to work and subsequently your income too. In such a scenario, personal accident insurance coverage is the best you can benefit from.

The magnitude of the mishap doesn't matter; even minor ones like falling off a bicycle and breaking an arm, or fracturing a leg while playing football are covered by the policy. It will provide financial support to the policyholder if he is disabled after an accident.

GROUP PERSONAL ACCIDENT (GPA): GPA insurance is suitable for organizations /employers, who wish to secure their employees against permanent total disablement, accidental death, loss of eyes/limbs, and permanent partial disablement. In the modern era where org are becoming more and more customer- centric, GPA is a comprehensive cover that can be bought for large as well as small groups, such as bank customers, employees, schools, colleges and corporate. Yu can customize them as per your requirement.

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PERSONAL ACCIDENT INSURANCE

LIFE IS UNCERTAIN ACCIDENTS CAN HAPPEN ANY TIME. DURING SUCH TIMES, IT IS ALWAYS BETTER TO BE FINALLY PREPARED TO HANDLE THEM.

PERSONAL ACCIDENT: Accidents may occur anytime and anywhere. You never know when you might have one. Needless to say, an accident might lead to a lifelong disability or ever worse, such as a Total Permanent Disability or the Death. You might lose your ability to work and subsequently your income too. In such a scenario, personal accident insurance coverage is the best you can benefit from.

The magnitude of the mishap doesn't matter; even minor ones like falling off a bicycle and breaking an arm, or fracturing a leg while playing football are covered by the policy. It will provide financial support to the policyholder if he is disabled after an accident.

GROUP PERSONAL ACCIDENT (GPA): GPA insurance is suitable for organizations /employers, who wish to secure their employees against permanent total disablement, accidental death, loss of eyes/limbs, and permanent partial disablement. In the modern era where org are becoming more and more customer- centric, GPA is a comprehensive cover that can be bought for large as well as small groups, such as bank customers, employees, schools, colleges and corporate. Yu can customize them as per your requirement.

Get A Quote















    INDIVIDUAL POLICY COVER

    Accidental Death

  • In the unfortunate event of death of the Insured person, the entire Sum Insured will be paid to the Insured person's nominee. We request you to ensure that you provide a nominee for every family member insured under Personal Accident Insurance.

    • Permanent Total Disablement

  • In the unfortunate event of permanent total disability of the Insured person, the entire Sum Insured will be paid to the Insured person.

    • Permanent Partial Disablement

  • In the unfortunate event of permanent partial disability of the Insured person, a certain percentage of the Sum Insured will be paid to the Insured person. It is determined by the extent of loss. You can get more information about it in the Terms and Conditions page.

    • Temporary Total Disablement

  • Weekly benefit for accidents resulting in home confinement up-to 104 weeks (Weekly Income Benefit)

    • Accident Hospitalisation

  • Hospitalisation expenses due to Accident resulting in claim for Death/Disablement.

    • Education Grant

  • Some plans also provide Benefit of Education Grant of Rs. 10,000/-(@ Rs. 5,000 per child)

    • Transportation of Mortal Remains

  • In the unfortunate event of accidental death, we will pay the nominee a sum of up to Rs. 5,000 towards transportation of the mortal remains to residence.


      • EXCLUSIONS

    • From intentional self injury, suicide or attempted suicide
    • Accident whilst under the influence of the intoxication of liquor or drugs
    • Directly or indirectly caused by venereal diseases, AIDS or insanity
    • Arising or resulting from the insured committing any breach of law with criminal intent.
    • Any claim arising out of any pre-existing disease or condition
    • Nuclear, Chemical, Biological Terrorism
    • Persons whilst engaged in hazardous sports / activities/occupations.



    GROUP POLICY COVER


      INCLUSIONS

      The group personal accident insurance offers the following coverage:
    • Accident Death: If the insured succumbs to death after an accident, the insurer will pay the principal amount
    • Permanent partial/total disability: If the injury causes a partial/permanent disability to the insured which continues for a year, the insurer will pay compensation up to the sum assured.
    • Weekly Benefit: The insured is entitled to get a weekly compensation if they are fully disabled for a temporary period due to an accident.
    • Ambulance Charges: If the policyholder meets with an accident and is taken to a hospital, the policy offers reimbursement of ambulance charges.
    • Mortal remains transportation: The policy reimburses the cost incurred in moving the mortal remains from the accident site to hospital, residence or cremation ground.
    • Broken bones: A lump sum amount is paid for broken bones resulting from an accident. The policy clearly states which broken bones will be covered under the plan.
    • Medical Reimbursement: The accidental insurance policies for employees reimburse hospitalization charges and medical expenses incurred due to accident or injury.


      EXCLUSIONS

      The list of exclusions under a group personal accident cover include the death or disability due to :-
    • War, riots, invasion, nuclear weapon, hostilities, civil war etc.
    • Radioactive contamination
    • Travelling in an aircraft other than as a normal fare paying passenger
    • Participation in dangerous activities or adventure sports
    • Self-inflicted injuries, suicide, attempt to suicide
    • Get injured and disabled while participating in the operations of Air Force, Navy or Army
    • Terrorist activities
    • Pregnancy related and childbirth
    • Criminal acts
    • Accident happens under the influence of alcohol, drugs or other such substances



    FAQs

  • Ques: Who can take GPA Policy?
  • Ans: An accidental insurance policy for employees can be given to Clubs, Corporate, Associations, Institutions, and Firms.

  • Ques: What are the factors that determine the premium?
  • Ans: The factors that are taken into account while deciding the premium include exposure to risk, employment category etc. However, age and income are the secondary factors here.

  • Ques: What are the additional benefits offered by Group Personal Accident plan
  • Ans: The additional coverage offered by group personal accident plan includes: 1. Educational allowance in case of accidental death of the insured
    2. Family transportation
    3. Modification allowance
    4. Repatriation of mortal remains.
    However, these benefits may differ insurer to insurer.

  • Ques: I already have a health and life insurance cover. Do I need Group Accident Insurance?
  • Ans: While life insurance offers death coverage to the family in case of an accidental demise of the insured, health insurance provides a comprehensive financial net during a medical emergency by covering pre and post hospitalisation expenses.
    Accidental cover, on the other hand, insures you against financial risk that could occur due to accidental permanent disability or loss of income in case of a death of the earning member. The policy strengthens your financial portfolio in case of a monetary hardship.

  • Ques : What are the benefits offered under a group personal accident cover?
  • Ans: Usually, group personal accident insurance covers accidental injury, disability of all types including permanent partial disability (PPD), permanent total disability (PTD), temporary total disability and death. Some insurers also offer additional benefits such as ambulance changes, loss of income, educational grant, transportation of mortal remains, coverage for broken bones etc.

  • Ques : What is the basis of determining the sum insured?
  • Ans : Occupation nature, income level and age are the main factors which play a vital role in determining the sum insured. The sum insured offered is generally the certain times of the annual income.

  • Ques : Do I need to buy individual policy for each of my family member or will one policy cover my entire family?
  • Ans : Family Package cover is available to Individuals under Personal Accident Policy whereby the proposer, spouse and dependent children can be covered under a single policy.