General Insurance - Personal Insurance

It is a fact that life today is uncertain. Everybody is always at risk - on the roads, at work, while travelling, or even inside their own home. Some unfortunate accidental occurrence might bring a huge financial burden to you and your family. Although you cannot guard against all uncertainties of life, you can always take steps to help you tide over such accidental events. Personal Accident Insurance Policy provides just the right kind of cover for these uncertain times.

A Complete Protector

Personal Accident Insurance Policy gives complete protection against all accidental occurrences that might lead to death or bodily injury of the insured person. If the accident leads to the untimely death of the Insured, this Policy will provide complete financial security to the Insured's family members. The Policy also covers eventualities where though the insured person survives an accident, he is crippled for the rest or part of his life. In such cases, the Policy will pay a fixed percentage of Sum Insured depending upon the type of disablement.

Benefits Available

The complete benefit plan under the Policy is given below:

Death 100% of Sum Assured
Loss of both hands or both feet or one hand 100% of Sum Assured
Loss of one hand/foot and sight of one eye 100% of Sum Assured
Loss of speech or hearing in both ears 50% of Sum Assured
Permanent total disability 100% of Sum Assured


Note: Other benefits for accidents resulting into loss of fingers/toes or any other permanent partial disablement range from 5% to 40% depending on the type of disability.

For temporary total disability, 1% of Sum Insured per week is payable subject to a maximum of Rs.6,000/- per week.

Education Benefit

In the unfortunate event of death or loss of limbs/eyes or permanent total disablement of the Insured, the education cost of dependant children is covered under the Policy upto specified limits.

Employment Benefit

This cover provides financial compensation upto specified limits in the event of loss of employment of the Insured following an accident resulting in loss of limbs/eyes or permanent total disablement.

Ambulance Benefit
If any accident results in the use of an ambulance by the Insured to reach a hospital, then the Policy will pay the necessary charges upto specified limits.

Cumulative Benefit
Under the Policy the Sum Insured amount for you and your family members under Individual and Family covers is automatically increased on renewal upto specified limits without payment of any extra premium. Besides these benefits, our Policy also offers benefits, like compensation for clothing damaged in an accident, expenses for carriage of dead body etc.

What extra benefits can be covered?
On payment of nominal extra premium, our Personal Accident Insurance Policy can also be extended to provide a whole range of additional coverages.

Medical Expenses
In addition to the death or disablement benefits, the Policy will provide reimbursement upto specified limits for medical expenses incurred for treatment following an accident.

Cost of Supporting Items
If the use of supporting items like crutches, wheelchair, artificial limbs etc. becomes necessary due to injuries sustained in an accident, then the costs are reimbursed upto specified limits.

Cost of Travel
If the Insured is disabled in a place other than his normal residence due to an accident, then we will pay upto specified limits for cost of travel of the injured person for returning home and also for the travel cost of any accompanying friend or relative to join the Insured and for returning home.

When will Policy not pay?
Some of the important Exclusions under the Policy are self-injury, suicide, venereal disease, insanity, influence of intoxicating liquor or drugs, pregnancy or childbirth, HIV or AIDS , war and nuclear risks etc.

Who can apply for Personal Accident Insurance?
If you are not involved in any activity that is hazardous like aviation, ballooning etc. and you are not a member of the armed forces and you fall within the specified age limits (5 to70 years), you can apply for this Policy and get complete protection for yourself and your familymembers.

What are the types of Policies?
The Policy is available both as Individual and Family Package covers and on Group Cover basis.Groups can comprise of employees of an organisation and their dependants, members of clubs, societies and associations, holders of deposits/accounts with banks/financial institutions/companies, students/teachers of educational institutions etc.

Group Policies are eligible for attractive premium discounts depending on the size of the group.


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