Personal Accident Insurance - FAQs

What is Personal Accident Insurance

Personal Accident Insurance provides for financial compensation in the event of death or permanent physical disability arising solely & directly from an accident caused by external, violent & visible means.

What is the benefits payable under Personal Accident Cover

Personal Accident Policy covers accidental death, loss of limbs & permanent total disablement & partial disablement.

What is the age limit under the policy

This policy is available to person between the age of 5 years and 70 years. For person beyond 70 years of age, a small additional premium is charged.

Can I cover my family in this policy

Yes, you can include you spouse as well as two children in this policy.

What is cumulative bonus

This policy provides for 5% increase in capital sum insured for each completed claim free year of insurance, subject to a maximum 50%.

Is there any time limit to avail cumulative bonus benefit

In order to avail cumulative bonus benefit, the policy can be renewed within 30 days from the expiry of policy period.

What additional benefit does the policy offer

• The policy further provides for reimbursement of transportation of dead body to the place of residence upto Rs. 2500/-.
• This policy pays for education fund for two children in case of death of policy holder.

Does this policy cover medical expenses incurred due to accident

Medical expenses reimbursement can be covered, on payment of additional premium. These expenses are payable, if the claim is admitted under the basic policy cover.

Is there any territorial restriction applicable for accidental cover

No, the coverage under the policy is worldwide; however, claims will be paid in Indian currency only.

What kind of benefit is my spouse and children entitled to

50% of sum insured in case of accidental death or permanent disability of the spouse (if not earning) and 100% of sum insured in case of earning spouse; and 25% of sum insured in case of accidental death or permanent disability of the children.

Do I need to undergo any medical check-up

No, this policy does not require any medical check-up.

What do you mean by exclusions

Exclusions are situation or conditions where in the insurance company is not liable to pay the benefits to the insured person in the event of an accident.

Does this policy cover natural death and daily sickness also

This policy only covers accidental death.

Who can be the beneficiary

The beneficiary could be any member of your family.