Personal Accident Insurance Policy

Personal Accident Insurance Policy

PolicyandFunds.com we are one of the top Personal Accident (PA) Insurance Policy Agent in Chennai. We are helping to choose perfect and best Personal Accident (PA) Insurance Policy in India to our clients.

Personal Accident (PA) Insurance Policy in India

Accident is an unexpected and undesired incident that happens due to some worse circumstance. Accident might cause injury or will lead even to death of the human. To be careful we as an individual need to have an individual Personal Accident Insurance Policy which can be claimed during the accident. For every human our family is the most important one. So to avoid making our family restless or make them wandering for money for us when we get sick, it is important to have an accident insurance.

Personal accident insurance can be claimed in the event like death to injury of the person that occur due to accident. If a person has met with an accident with visible, external and violent body then he or she can claim the insurance directly due to accident. This type of policy will work worldwide for the person safety and also its claimable in 24 hours. Different insurers provide different accident insurance policies. Some might provide coverage restricting death only or some might give coverage for permanent disabilities and some for only temporary ailments.

Some insurers give a personal accident policy which will cover the families also. Either the spouse or the children can be covered under the personal accident policy with some minimum discount in premium. There are also group personal accident policies available from some insurers. It also depends on the size of the group. We have to be clear that compensation will not be provided for the individual who suffer from injury or death due to illness or disease. There are different coverage’s given under this insurance policy.

Individual and group personal accident insurance can be extended as an add on coverage for medical expenses on an accident on payment of additional premium. Also there is an option for an Indian who works in foreign on civilian duty can cover war risk on payment of the additional premium. Any adult residing in India can have this policy. Policy and fund coordinators will help you in taking this insurance. They will also give you a wide knowledge on this personal accident insurance.

List of Personal Accident (PA) Insurance Companies in India
Star Health and Allied insurance Co Ltd. Apollo Munich Health Insurance Company Limited. HDFC ERGO General Insurance Co Ltd.
Bajaj Allianz General Insurance Co Ltd. ICICI Lombard General Insurance Co. Ltd. Reliance General Insurance Co Ltd.
National Insurance Co Ltd. The New India Assurance Co Ltd. The Oriental Insurance Co. Ltd.
United India Insurance Co Ltd. Future Generali India Insurance Company Ltd. Cigna TTK
Iffco Tokio General Insurance Co Ltd. Royal Sundaram Alliance Insurance Co Ltd. Tata AIG General Insurance Co. Ltd.
Cholamandalam MS General Insurance Co Ltd. SBI General Insurance Company Ltd. MAX Bupa Health Insurance Company Ltd.
Religare Health Insurance Co Ltd. L & T General Insurance Co Ltd. Bharti AXA General Insurance Co Ltd.
Universal Sompo General Insurance Co Ltd. Liberty Videocon General Insurance Shriram General Insurance Company

Age Eligibility

  • Person age between 18 – 80 years – Living in India, can take this policy (Insurance company to company the maximum entry age will be vary)

Sum Assured (SA)

  • Minimum 1 Lac – Maximum no limit based on income of insured person

Coverage of Personal Accident Insurance Policy

  • Accidental Death: Under this plan is payable if death occurs due to unexpected.
  • Accidental disability: If Policyholder Disabled due to accident either partially disabled or permanent disabled.
  • Accidental dismemberment: If the insured person loses his hand or leg or eyes due to accident, insurance company pay the claim under the dismemberment.
  • Terrorism Act: Injuries Due to terrorist acts are covered and eligible for claim.
  • Daily cash benefit payment during the hospitalization.

Advantages of Personal Accident Insurance Policy (PA Policy)

  • Family will be financial secured
  • No medical tests and documentation are required
  • Lower premium and more benefits
  • Global (Worldwide)  policy are covered
  • Either Individual or Family can buy this policy
  • 24×7 help line
  • Legal and final funeral expenses are covered
  • Child education advantage is included

How to Register Personal Accident Insurance Claim?

First to be intimated the claims department of Insurance Company with details of event of accident specified time and frame.

  • Claim reference number to be kept for future reference.
  • The below information is required to register the claim with the service provider (Insurance Company)
  • Contact details
  • Details about Policy number
  • Accident – Date and Time
  • Place of accident
  • Details briefly on where and how the accident was happened

Accidental death or disabled claim register required documents

  • Death Certificate
  • Post Mortem Report
  • FIR Report
  • Medical Certificate by the hospital
  • Medicine treatment bills

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