1. What Is Personal Accident Insurance?

Personal Accident Insurance is a policy that provides financial protection in case of accidental injury, disability, or death.
It offers compensation for medical expenses, loss of income, permanent or temporary disabilities, and accidental death benefits.
This insurance is designed to support individuals and families during unforeseen accidents that impact their health or earning capacity.

2. Why You Need Personal Accident Insurance

✔ Covers Accidental Death – Provides a lump-sum amount to the family in case of accidental death of the policyholder.
✔ Protects Against Disability – Offers financial support for temporary or permanent disabilities caused by accidents.
✔ Income Replacement – Helps maintain financial stability when an accident affects your ability to work.
✔ Medical Expense Coverage – Covers hospitalization, ambulance charges, and treatment costs resulting from accidents.
✔ Affordable & Accessible – Premiums are generally low and suitable for all age groups.
✔ Essential for High-Risk Jobs – Ideal for individuals working in construction, driving, factories, or physically demanding roles.
✔ Peace of Mind – Ensures your family is financially protected during difficult times.

3. Types of Personal Accident Insurance

a) Individual Personal Accident Insurance

• Covers an individual against accidental death and disability

• Ideal for salaried and self-employed individuals

b) Family Personal Accident Insurance

• One policy covers the entire family

• Provides financial security for all members in case of accidents

c) Group Personal Accident Insurance

• Offered by employers to employees

• Cost-effective and beneficial for organizations seeking employee welfare coverage

d) Accidental Death Cover

• Provides a lump-sum payout to nominee in case of accidental death

• Pure protection against accidental fatality

e) Permanent Disability Cover

• Compensation for permanent disabilities such as loss of limb, eyesight, or paralysis

• Benefits may include lump-sum payout and long-term financial support

f) Temporary Total Disability Cover

• Covers loss of income during recovery from short-term disabilities

• Weekly or monthly payout provided until the insured returns to work

g) Add-On Covers (Optional Riders)

✔ Hospital Cash Benefit – Daily allowance during hospitalization
✔ Ambulance Cover – Covers emergency transportation costs
✔ Fracture Cover – Compensation for bone fractures
✔ Education Grant – Financial support for children’s education
✔ Transportation of Mortal Remains
✔ Adventure Sports Cover – For high-risk activities like trekking, biking, or skiing