Get covered against accidental death and disability with personal accident insurance. Buy the best plan at PolicyBazaar and save your medical expenses.
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About the Product

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Better Safe Than Sorry

Did you know that in recent years you have become more prone to accidents than you would have ever imagined? Some of these alarming statistics reveal that:

      • According to National Crime Records Bureau (NCRB), total 4,00,517 people died of accidental deaths in 2013, a rise of 14% over the previous year.
      • According to the World Health Organization (WHO), death rate per 1,00,000 population for road traffic accident was 18.9 in 2013.
      • 1214 road accidents occur every day in India.

While minor accidents can indispose you temporarily, major accidents can severely impact your life and well-being. A sound insurance plan to protect you from financial repercussions of meeting with an accident has become a necessity.

The value of human life is immeasurable, but with a view to provide some relief to the injured person or family members, insurance companies have devised personal accident insurance policy. It 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 accidental insurance are rail, road and air accident, injury due to collision or fall, burn injury, drowning etc.

Personal accident policy can be further divided under two sub-heads 

      • Individual Accident Policy= This policy covers an individual in the event of any accident.
      • Group Accident Policy= As the term itself suggests, it is not meant for individuals and is taken by employers for its employees. Depending on group size, discount on premium might be offered as well. It is a good incentive/ value added benefit for small organizations as it is available at low cost. However, this is a very basic cover and may not offer benefits like that of individual plan. 

Accident insurance policy can protect the policyholder and his family from the financial concerns such as loss of income and medical expenses that unforeseen accidents lead to.

Coverage given under Personal Accident Insurance Policy

Buy personal accident insurance policy to enjoy following coverage-

      • Accidental death:  The sum assured under this plan is payable if death occurs from an accident.
      • Accidental disability: It indicates that the policyholder is disabled 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 in an accident, then he would be eligible to get a claim under accidental dismemberment.
      • Medical expenses: Medical expenses incurred during the treatment of accidental injuries.
      • Terrorism act: Injuries afflicted due to terrorism acts are also covered.
      • Daily allowance during hospitalization: It gives monetary relief to a patient while he undergoes treatment at the hospital.

Benefits of Accident Insurance Policy

Pause for a moment to think, what will happen to your family if you become permanently disable due to an accident? There would be no earnings but bank EMIs, medical costs and other expenses will keep rising. To deal with such situation, it is important to buy a personal accident insurance policy. To give you a better understanding, we have listed the top benefits of having insurance-

      • Family security
      • No requirement of medical tests and documentation
      • Substantial cover at lower premium
      • Worldwide coverage
      • Can be bought for individually or family
      • Easy and certified claim process
      • 24x7 support service
      • Legal and funeral expenses covered
      • Child education benefit
      • Double indemnity for death/ disability while traveling in public transport
      • Highly customized plan

Who Should Buy Personal Accident Insurance Coverage?

Irrespective of your age, occupation and health, it is strongly advised to buy personal accident insurance coverage. In fact, you should buy this cover as soon as you start earning. It is more important for those who have taken personal loans, vehicle loans and mortgages because this would offer protection towards repayment of outstanding balance in case of any accident.

Unlike life insurance policy, personal accident insurance premium will be decided by your occupation rather than age. Generally, there are 3 categories under which occupational risks can be segmented-

Class 1= Low Risk

Class 2= High Risk

Class 3= Very High Risk


Cash carrying employees



Machine operators

Underground mines workers



People working in explosive industries





How Much Accident Coverage is Enough?

Although it is tough to value the human life but some yardstick is required to fix the sum assured. The rule book says that it should be 100 times your monthly income. For example, if your current monthly income is Rs 10,000 then your cover should be Rs 10,00,000.

Major Inclusions and Exclusions of Accident Insurance

Educating yourself about terms and conditions before taking an insurance policy always works in your favor. So have a quick glance over what is covered and not covered under the policy.



  • Accidental death
  • Permanent total/ partial disability
  • Accidental dismemberment
  • Medical expenses/ hospitalization charges
  • Child education support
  • Life support benefit
  • Burns, broken bones and Ambulance
  • Daily allowance
  • Natural death
  • Pre-existing disability or injury
  • Child birth or pregnancy
  • Suicide or self injuries
  • Non-allopathic treatments
  • Influence of intoxicants
  • Committing a criminal act, or being involved in war activities
  • Suffering from mental disorder
  • Participating in naval, military, air force, adventurous or sports activities


How to File Accident Insurance a Claim?

To initiate claim process, one needs to inform the insurer about the event within the time frame specified by the company. You might be provided with a claim reference number. The following information is required to be submitted to the insurer when intimating your claim-

      • Your contact numbers
      • Policy number
      • Date and time of accident
      • Name and contact details of insured person who is injured
      • Location of loss
      • Brief description on how the accident/ loss took place with its location details
      • Extent of loss

In case of Accidental death/ disability claim, following documents are required to submit-

      1. Death certificate
      2. Post mortem report
      3. FIR report
      4. Medical certificate
      5. Medicine bills

How Can PolicyBazaar Help You?

Just as you care about what would happen to your loved ones after your death you should equally think how would they deal if you met with an accident or become permanently disabled or paralyzed?

Prepare yourself for the unexpected situations with a right personal accident policy. We, at PolicyBazaar offer a range of personal accident insurance plans of different companies that can be tailored to the divergent needs of a client. Beyond directing you to the best insurance policies available, PolicyBazaar additionally facilitates the further steps you need to take in order to buy the plan chosen.


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Frequently Asked Questions

What is a Personal Accident Insurance?


Personal Accident Insurance provides a financial cover to an individual who had to suffer death/disability/dismemberment due to an accident.

Why Personal Accident Insurance?


A life insurance covers death and a health insurance covers hospitalization expenses. But if a person suffers a disability in an accident, neither of the two suffices enough to make up for his/her immense loss. That's where personal accident comes into picture and provides a financial cover to the sufferer.

What are its Key Features?


Personal Accident insurance gives a substantial cover for a very low premium. A 5 lakh cover can be bought for as low as Rs. 300. Unlike health insurance which is valid only in one's country, personal accident gives a worldwide coverage.

How much cover do I need?


Ideally, one should opt for a cover that is 8 - 10 times his/her annual income.

Documents Required (if any)


    Documents required for Death
  • Claim form
  • Post-mortem report
  • FIR
  • Doctor's report
  • Death certificate

  • Documents required for (Disability/Dismemberment)
  • Claim form
  • FIR
  • Investigation/lab report
  • Doctor's report
  • Disability/Dismemberment   certificate


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