Personal Accident Insurance
Personal Accident Insurance refers to an insurance which offers compensation in case of death, bodily injuries, total/ partial disability or mutilation resulting from an accident caused by violent, visible and external means. The types of events that are covered under personal accident insurance are rail, road and air accident, injury due to collision or fall, burn injury and drowning etc. Accident insurance can protect your family and yourself from the financial concerns such as loss of income and medical expenses that unforeseen accidents lead to.
Personal Accident Insurance Coverage
Below is the personal accident insurance coverage:
• Accidental Death: It indicates death of the policyholder in an accident. The Sum Assured under this plan is payable if death occurs from an accident.
• Accidental Disability: It indicates that the policyholder is disabled from work, either partially or wholly.
• Accidental Dismemberment: It indicates that a part of the policyholder’s body has been severed or dismembered. It means, if the policyholder loses his hand or leg or eyes, then he would be eligible to get a claim under Accidental Dismemberment.
Personal accident insurance policy
Personal accident insurance policy can cover various aspects of insurance. Below policies are the best personal accident insurance in India and their coverage too:
Individual Personal Accident Insurance Policy:
This policy covers an individual in the event of any accident.
Group Personal Accident Insurance Policy:
This policy covers a group of people in the event of any accident. Group personal insurance accident policy is the policy which covers whole group. A policy can be bought to insure a group of individuals. This policy has same features as of individual personal accident insurance. Generally, group insurance accident policy can be taken to insure whole family by an individual or employers can buy this policy to provide insurance to their employers.
Personal accident insurance policies should be analyzed thoroughly and compare personal accident insurance for better understanding too. Comparison of personal accident insurance policies can be done with us to get best personal accident insurance in India. After providing best personal accident insurance policy, Policybazaar helps you in further supervision also.
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