Personal Accident Insurance

 

PERSONAL INSURANCE 

 

Particular accident insurance gives fiscal protection for not only unfortunate events arising from accidents, but also for income loss because of the accident. Any of the unfortunate events caused due to road, rail and air accidents, collision, fire, explosion, and others are covered under this insurance. The insurance also financially compensates if due to the accident you suffer from disability which prevents you from working. therefore, the insurance also gives yearly income to help you carry on with life. This insurance can also be offered as a rider under life insurance. still, in such a situation, the policyholder won’t get to enjoy all the benefits handed under a standalone policy.

Types of particular Accident Insurance Astronomically speaking, there are two types of particular accident insurance

– Individual particular Accident Insurance and Group Personal Accident Insurance.

Individual particular Accident InsuranceThe first one is meant for individualities and it offers further content compared to the group insurance type. It covers not only death due to accident, but also short- and long- term disability due to accidents.

Group Personal Accident Insurance This kind of insurance is handed by employers for their workers. similar plans offer introductory content and doesn’t include the benefits included under a standalone policy

. What all particular Accident Insurance Covers?

Policyholders can enjoy the following benefits under particular accident insurance policy Accidental Disability Any policyholder, who is incompletely or completely impaired,( physical impairments and incapability to do work) can claim for accidental disability content. Total disability can be endless or temporary.

Accidental Death A policyholder can claim for accidental death content in case of any unfortunate death due to an accident.

Accidental Dismemberment Any accident that results in loss of branches, fritters, toes, sight, endless palsy and others comes under accidental dismemberment.

Terrorism Act Any injuries caused by terrorists to the ensured are also included in the insurance.

Hospital Cash Under this, payment of plutocrat is made each day subordinated to some maximum days, if any accident lead to hospitalisation

 

Eligibility Criteria

An individual whose profession involves great pitfalls should always consider buying a particular accident insurance to cover themselves and the family. else, anyone above 18 times of age is eligible to buy the policy.

The maximum entry age is generally 65 times. still, this age varies for different providers. For some providers, it can also be between 5 and 65 times.

particular Accident Insurance Claim Process In order to file particular accident insurance claims on time after an eventuality, policyholders must be apprehensive of the process so that they do n’t desolate time in approaching the insurance provider. Let us look at the process After the accident, incontinently inform the client care of the insurance company through the website or the client care number give the policy documents give the properly filled in claim form Submit other required documents as per the case – death, partial disability, total disability,etc. In the coming step, the insurance company conducts a scrutiny to understand the authenticity of the claim still, the company will transfer the payment in your account If approved.

However, the company might seek other documents, and if it’s still not satisfied, If rejected. Documents needed for Claim Process In order to get the particular accident insurance claims on time, it’s important to be apprehensive of the documents to be submitted to the insurance provider.

Different sets of document are demanded for different types of claims.

properly filled in claim form Death instrument Disability instrument from croaker postmortem examination report Croaker’s report FIR dupe Medical instrument drug bills Discharge summary, if hospitalized Investigation report Cases Where you Ca n’t Claim particular Accident Insurance( Rejections) Under Personal Accident Insurance Policy, there are some major eliminations and rejections that policyholder or any existent should know.

As some of the rejections and eliminations may differ according to the plans handed by different insurance companies, it’s better that existent should know about the plan before copping it. purposeful self-murder attempt Pre-existing disability or injuries Accidents caused due to intoxication like medicines and alcohol parturition or gestation Taking part in unsafe and dangerous sports Non-allopathic treatments Committing felonious act or suffering from internal complaint Companies Offering Personal Accident Insurance in India

Today, you can enjoy the benefits of particular accident insurance after buying it both online and offline.

 

Some of the companies offering particular accident insurance in India are

Max Bupa Health Insurance Bharti AXA General Insurance HDFC ERGO General Insurance Religare The New India Assurance Liberty Videocon General Insurance .

Advantages of Buying particular Accident Insurance It’s better to be careful than to feel sorry latterly. Hence, it makes sense to buy a particular accident insurance to manage the fiscal pitfalls related to accidents and other problems.

Let us look at some advantages of a particular accident insurance still, he she is entitled to admit daily or diurnal fiscal benefits If the policyholder suffers from temporary total disability. You can also get particular accident cover for your family along with one for yourself Some of them cover plaintive costs as well.

FAQs

Q1. Does a personal accident plan give global coverage?

Yes, a personal accident insurance plan provides worldwide coverage.

Q2. Do I need a personal accident plan if I have a desk job?

Although the risk is low for a desk job, uncertainties come unannounced and thus it is always better to be prepared for any unwanted emergencies.

Q3. Do I need to submit a medical test to apply for a personal accident insurance plan?

No. There is no need to go for any medical test to purchase a personal accident plan.

Q4. Is there any education benefit too in a personal accident cover?

Yes, companies like SBI General, ICICI Lombard and Reliance General do provide Education Fund.

Q5. If a person dies due to a disease, will the family of the deceased get death benefit under the personal accident cover?

Death due to any reason other than accident is not covered in the policy.

Q6. Can I cancel the policy in between the policy period and get premium back?

Yes, there is a free-look period which usually lasts for 15 days from the commencement of the policy during which one can cancel the policy if they want to and premium thus paid will be paid back. No claims must be made in this free-look period.