Personal Accident Plan

What Is A Personal Accident Plan

This policy covers the owner/driver against an accidental injury or death. A lumpsum amount is paid to the insured or its family in case of death, loss of income due to permanent partial or total disability.

Coverages offered

Accidental Death Cover:

An accident can be both emotionally and financially devastating for the dependent family members. In case of fatal injuries, the entire sum assured is paid to the nominee as mentioned in the policy document.

Permanent/Total Disability Cover:

In case an accident results in permanent disabilities or lifelong total impairment Such as loss of both the limbs, then a specified sum insured amount is paid to the policyholder.

Permanent Partial Disability Cover:

If bodily injuries, resulting in permanent partial disabilities, then a certain percentage (up to 10O%%) of the benefit is paid to the insured.

Temporary Total Disability:

In case the insured meets with temporary total disabilities and is bedridden, then the insurer will provide a weekly allowance to recompense the loss of income. The insured can also utilize this claim amount to pay the EMIs, in case there is a loss of earnings.