Personal Accident Insurance

Personal Accident Insurance policy provides complete financial protection to the insured members against uncertainties such as accidental death, accidental bodily injuries, and partial/total disabilities, permanent as well as temporary disabilities resulting from an accident. In the case of accidental death of the policyholder, the nominee gets 100% compensation from the insurer.

Read More

Personal Accident Insurance

Personal Accident Insurance policy provides complete financial protection to the insured members against uncertainties such as accidental death, accidental bodily injuries, and partial/total disabilities, permanent as well as temporary disabilities resulting from an accident. In the case of accidental death of the policyholder, the nominee gets 100% compensation from the insurer.

Read More

Policybazaar exclusive benefits
On ground claims support##
(In 120+ cities)
Relationship manager
For every customer
24*7 claims assistance
In 30 mins. guaranteed*
Instant policy issuance
No medical tests~
People trust Policybazaar^
5.89 Crores
Registered consumers
Insurance partners
2.64 crore
Policies sold
Policybazaar is one of India's leading digital insurance platform
Secure your life, secure your mind

Enter full name

Enter 10 digit mobile number

Enter Date of Birth [DD-MM-YYYY]

Select your occupation (optional)

Enter your monthly income (optional)

Thanks for submitting your details
Our advisor will get in touch with you within 24 - 48 hours.

Reasons to Buy Personal Accident InsuranceAn accident does not come knocking at the door. It can happen anytime, anywhere and may result in minor to serious injuries. Any such uncertainty may lead to financial crisis, and that is why it is recommended to buy a Accidental Insurance policy. It will provide the necessary financial assistance to you and your family against accidental death, bodily injuries and disabilities (Partial/ Permanent/Temporary). There are various other rider benefits such as accidental hospitalization cover, Hospital Confinement Allowance, and Medical Expense Cover.

You can secure yourself against accidental death and disability with personal accident insurance. Purchase the best plan at Policy Bazaar and save medical expenses. At Policy Bazaar:

  • One can compare Accidental Insurance plans from Top Insurers
  • Get Lowest Premium on Personal Accident Cover
  • Get Instant Personal Accident Cover Online

Alarming Statistics about Accidents in India:

Nearly 1214 road accidents occur every day in India. In recent years people have become more prone to accidents than they would have ever imagined? Here are some stats:

  • As per the Ministry of Road Transport and Highways, there were 4.64 lakh accidents alone in 2017. And nearly 1.47 lakh people died due to accidents on Indian roads.
  • And there was a rise of 1.68% in accidents in 2018, as per the recent reports.

Types of Personal Accident Insurance Policy:

Accidental Insurance Policies can be further divided into two sub-heads. Here’s a quick rundown of the two variants:

  • Individual Accident Insurance:

    This type of policy guards an individual in case of any accidental damage. It covers accidental death, loss of limbs or sight, or other permanent disabilities resulting due to an accident.

  • Group Accident Insurance:

    Group Accident Insurance is taken by employers to get coverage for their employees. Depending on the group size, some insurers also provided a discount on the premium. It is a good incentive/ value-added advantage for small organizations as it is available at low cost. However, this is a very basic plan and may offer limited benefits compared to an individual plan.

Accidental Insurance Coverage

You can avail the following coverage benefits with a personal accident insurance policy –

  • 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 100%) 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.

Major Inclusions and Exclusions of Personal Accident Insurance Plan

Educating yourself about terms and conditions before you avail such a policy always works in your favour. So, here’s a quick rundown of the inclusions and exclusions:



Accidental death

Natural death

Permanent total/ partial disability

Pre-existing disability or injury

Accidental dismemberment

Childbirth or pregnancy

Medical expenses/ hospitalization charges

Suicide or self-injuries

Child education support

Non-allopathic treatments

Life support benefit

Influence of intoxicants

Burns, broken bones and Ambulance

Committing a criminal act or being involved in war activities, suffering from a mental disorder

Daily allowance

Participating in the naval, military, air force, adventurous or sports activities

Accidental dismemberment

Childbirth or pregnancy

Best Personal Accident Insurance Plans:


Personal Accident Plans

Age (in years)

Policy Term

Coverage Amount ( in Rs)

No Claim Bonus

Aditya Birla Capital

Activ Assure Personal Accident Plan

5-65 years


up to 12 times of annual gross income for an earning member


Bajaj Allianz Insurance

Bajaj Allianz Personal GuardPlan



10-25 lakhs

Up to 50 %

Bharti AXA Insurance

Bharti AXA Smart Individual Plan

18-70 years


Accidental Death Benefit: 2 lakh to 20 lakhs ( as per the plan variant)

Permanent Total Disability: 3 lakh to 30 lakhs ( as per the plan variant) 


Cholamandalam Insurance

Chola Accident Protection

18-69 years


Family:2.5-10 lakhs

Individual: 5 lakhs to 1 Crore 


Future Generali Insurance

Personal Accident Plan  

18-70 years


up to 144 times of annual income


IFFCO Tokio Insurance

Personal Accident Policy

5-70 years

1 year

100% of sum assured

5% for each claim-free year; limited to 50% of the initial sum assured

Kotak General Insurance

Kotak Accident Care  

5-65 years

1,2,3 years



Liberty General Insurance

Individual Personal Accident Policy  

18 - 70 years

1,2,3 years

1 lakh - 1 Crore


Max Bupa Health Insurance

Personal Accident Health Insurance

18 - 65 years

1 - 2 years

5-25 lakhs

5% for each claim-free year; limited to 50% of the initial sum assured

Manipal Cigna Health Insurance

Protection Accident-Care  

18 - 80 years

1,2,3 years

50,000- 10 Crore


National Insurance

Personal Accident Plan

5 - 70 years

1 year

72 months gross pay or Rs.10 lakh whichever is less.

5% for each claim-free year; limited to 50% of the initial sum assured

New India Assurance

Personal Accident Policy 

5 - 70 years

1 year


5% for each claim-free year; limited to 50% of the initial sum assured

Oriental Insurance

Janata Personal Accident Policy 

10 - 80 years

1 year

25000-5 lakhs


Religare Insurance

Secure Personal Accident Insurance Plan

18 years to 70 years


15 lakhs- 25 Crores


Raheja QBE Insurance

Individual Personal Accident Insurance Policy 

As per policy document


As per policy document

5% for each claim-free year; limited to 25% of the initial sum assured

Royal Sundaram

Individual Personal Accident Policy (Death & Disablement Only)

18 - 65 years

1 year

5 - 75 Lakh

5% for each claim free year; limited to 25% of the initial sum assured

Reliance Insurance

Personal Accident Group Insurance Policy

5-70 years


100% of sum insured incase of permanent total disability


Star Health Insurance

Accident Care Individual Insurance Policy

18 - 70 years

1,2,3 years

5 -15 lakhs

5% for each claim free year; limited to 50% of the initial sum assured

SBI General Insurance

Individual Personal Accident Plan

18 - 65 years

1 year

1 - 10 lakhs

5% for each claim free year; limited to 50% of the initial sum assured

TATA AIG General Insurance

Personal Accident Gaurd Plan

18 - 65 years

1 year with lifetime renewal

5 lakhs- 1 Crore

5% for each claim free year

United India Insurance 

Individual Personal Accident Plan 

5-70 years

1 year

25000-10 lakhs

5% for each claim free year; limited to 50% of the initial sum assured

Universal Sompo Insurance

Individual Personal Accident Policy

5 - 65 years

1 year



See More Plans

Disclaimer : *Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.

Why Choose Personal Accident Insurance?

A minor accident can indispose an individual temporarily, while major ones can have a severe impact on one’s life and their overall well-being. It has become imperative to buy a sound insurance plan to protect yourself against any such untoward perils. An accidental insurance policy is designed keeping to offer some relief to the injured person or a dependent.

Personal Accident Cover offers compensation in the event of demise, bodily injuries, impairment or mutilation resulting from an accident. Compensation is provided in case of an accident while travelling through rail, air, road, drowning, or due to a collision, bodily injuries, burn etc.

A personal accident insurance policy offers financial support to the policy-holder in case of accidental disabilities, irrespective of the intensity of the incident. Compensation is provided to the insured against accidental demise, impairment, and dismemberment because of an accident.

In case of unfortunate accidental death of the policyholder, the best personal accident insurance plans in India help the dependent members by providing them financial assistance. In case of impairment resulting from an accident, the policy-holder will also get compensation for the loss of income. It ensures peace of mind as it guards against the most unexpected events.

Other benefits include hospitalisation cover, hospital bill payment, compensation of ambulance cost etc.

Advantages of Personal Accident Insurance Policy

Imagine a situation, you are hit by a motor vehicle and are permanently disabled? There would be no monthly or annual earnings but bank EMIs, medical expenses, and other expenditure. To deal with such an emergency situation, it is advisable to get a personal accident cover. Here’s a quick rundown of some of the major advantages of buying a personal accident insurance policy:

  • Family security
  • No requirement of medical tests and documentation
  • Substantial coverage at a lower premium
  • Worldwide coverage
  • Both individual and family plans are available
  • The easy and certified claim process
  • 24x7 support service
  • Legal and funeral expenses are covered
  • Child education benefit
  • Double indemnity for demise/ impairment while traveling in public transport
  • Availability of customizable plans

Read More about Features and Advantage of Personal Accident Insurance

Why Should You Buy a Personal Accident Insurance Policy?

You can buy a personal accident insurance cover irrespective of your age, occupation, and health. In fact, you should buy this plan as soon as you start earning. It is more important for those who have taken loans or have to pay EMIs because this would offer protection towards repayment of the outstanding balance under any such situation. The premium of this policy will be decided on the basis of your occupation rather than age. You can pay the premium online and make sure it does not lapse. Generally, there are 3 categories under which occupational risks can be segmented-

Doctors, Machine operators, and Underground mines workers:

Class 1= Low-Risk

 Class 2= High-Risk

Class 3= Very High Risk


Money carrying employees




People working in explosive industries




Difference between Accidental Insurance & Life Insurance

An accident insurance policy covers loss of life or disabilities resulting due to accidental damage. But a life insurance policy covers the death of a policyholder irrespective of the cause of death. The major differences between accidental insurance and life insurance policies are listed below:

Death Cover: A life insurance policy offers financial benefits irrespective of the reason of death apart from suicidal attempts. An accidental insurance policy will offer compensation in case of accidental death of the policyholder.

Death Coverage Condition: Life insurance policy offers death cover even if the insured dies months or years after the illness. Whereas, an accidental insurance policy offers death cover even if the insured dies instantly or within the specific time frame after the accident. Usually, it is 180 days from the accident.

Plan Options: There are various plan options in a life insurance policy retirement solutions, death cover, long and short term financial investment goals, etc. But an accidental insurance policy covers loss or damage resulting due to an accident.

Partial Disability Cover: If an accidental injury results into partial loss or limb or sight then it will be covered by an accident insurance policy. Whereas, partial disabilities are not covered under a life insurance policy.

Life Insurance Policy VS Accidental Insurance Policy Comparison Table


Accidental Death Insurance

Life Insurance

Death from illness or disease



Accidental Death



Death from drug overdose



Partial disabilities



Difference between Accidental Insurance and Critical Illness Insurance

A critical illness policy pays off in lump sum to the policyholder to carry out the medical treatment. There is a survival period clause to avail the benefits. But an accidental insurance policy would cover partial or total disabilities or accidental death.


Accidental Insurance    

 Critical Illness Insurance


Compensation is only provided for accidental damages

Covers critical illnesses like kidney failure, cancer, paralysis, etc.


Cashless or reimbursement claims are allowed   

Compensation is provided in a lump sum amount. In some cases, hospitalization is not required and compensation can be provided on the basis of the diagnosis reports.


It does not cover diseases or illnesses

It covers specified critical illnesses like cancer, tuberculosis, etc.

Waiting Period   

 No waiting period   

up to 3 months

Medical Check-up

No Required


Difference between Personal Accident Insurance and Term Insurance

A term insurance policy covers the death of the policyholder due to natural reasons or accidental causes. But a personal accident insurance policy would only offer coverage for death and disabilities caused by an accident. It would not cover claims arising due to natural deaths.

The cost of the premium for a personal accident insurance policy is determined on the basis of the occupation of the policyholder.

How Much Does Accident Insurance Cost?

The premium varies based on the plan that you have opted and also your age, occupation and in some cases medical history. However, it is recommended that you opt for the sum insured amount that is 100 times more than your monthly income.

How much Accidental Insurance Coverage is enough?

As a thumb rule, it should be 100 times of your monthly income. For example, if your current earnings are Rs. 10,000 then you can buy a personal accident cover of Rs. 10, 00,000.

It will ensure that all the eventualities such as child education, loan repayment, marriage, and regular earnings for the spouse are taken care of, provided the policy is renewed timely.

How to File an Accidental Insurance Claim?

To initiate the claim process, you need to inform the insurance provider within the specified time frame. You might be provided with a claim reference number. The following information is required to be submitted to the provider while intimating a claim-

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

It is essential that these details are known to the family members or dependents (including spouse) also as an unexpected event such as demise may put them in situations where they are unaware of what to do next.

In case of an Accidental death/ impairment claim, following documents are required to be submitted-

  • Death certificate
  • Post-mortem report
  • FIR report
  • Medical certificate
  • Medicine bills

As a necessary precaution, policyholders can ensure that these details are kept for future reference of the family members so that they are not left helpless or any advantage unclaimed in the event of an unexpected event leads to a coma or even demise.

Additional Benefits of Personal Accident Insurance Policy

In addition to the four primary benefits, there are various other benefits that come with a personal accident insurance policy. Some insurers may provide these benefits in the basic plan or you can buy them as an add-on cover by paying an extra premium:

  • Hospital Daily Cash: Daily cash allowance is paid to the insured in case of an accidental hospitalization. Coverage is limited to a certain number of days (as specified in the policy terms and conditions).
  • Ambulance Expenses: Compensation is provided for ambulance charges to carry the insured post-accident to the hospital.
  • Transportation or Repatriation of Mortal Remains: In case of accidental death of the policyholder, the nominee would receive the expense incurred on repatriation and transportation of the mortal remains from the site of the accident to the hospital, home or the cremation ground. Compensation is also provided for the expenses incurred on the religious ceremonies related to cremation.
  • Broken Bones: In case of fractured bones or any bone damage, a fixed compensation is payable under the policy.
  • Burns: Compensation is also provided for accidental burns.
  • Family Transportation Allowance: It is applicable when the hospital is too from the insured’s residence. In such instances, the actual transportation expenditure incurred by the immediate family members, to reach the insured person is also compensated. The total reimbursement payable is subjected to the amount specified in the policy.
  • Education Advantage: In case of an unexpected demise of the policyholder, the cost of education of the dependent child is covered up to a specified limit.
  • Loan Protector: In the event of unexpected demise or lifelong disabilities, a lump sum amount (specified in the policy schedule) is paid.
  • Adaptation Allowance (also known as Home Alteration and Vehicle Modification Benefit): Some insurers may offer this benefit. In case of permanent total disabilities or dismemberment due to an unfortunate event, money has to be spent to modify one’s house and/or vehicle is also covered.

Tax Benefits under a Personal Accident Policy

Section 80D of the Income Tax Act 1961 does not provide any tax benefit for the premium paid for personal accident insurance plans that offer protection against any physical disability, dismemberment or accidental demise. However, it is important to understand that the primary reason for buying any kind of insurance is protection and safety. Insurance decisions should never be driven by tax considerations.

*Tax benefit is subject to changes in tax laws

How Can Accidental Insurance Help?

Just as you care about what would happen to your loved ones after your demise you should equally think how would they manage in case of permanent disability? Prepare yourself for the unexpected situations with the right coverage. We, at Policy Bazaar, offer a range of personal accident insurance plans from different companies that can be tailor-made as per the customer’s needs. Policy Bazaar additionally also offers assistance to buy the selected plan

A personal accident insurance policy offers coverage against accidental injuries and death. However, such plans won’t cover natural deaths and deaths resulting due to a disease.

Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.

Health insurance Articles

  • Recent Article
  • Popular Articles
01 Jul 2024

Surgeries Covered Under ICICI Lombard Health...

Life can throw unexpected medical emergencies your way, making

Read more
27 Jun 2024

Is LASIK Surgery Covered by ICICI Lombard Health...

Waking up with a clear vision is a dream for many. LASIK surgery

Read more
21 Jun 2024

Does ICICI Lombard Health Insurance Cover...

Cataract surgery is an essential procedure for people seeking to

Read more
14 Jun 2024

Father’s Day 2024: Gift Your Father Health...

Father’s Day is celebrated every year on the third Sunday of

Read more
05 Jun 2024

Does SBI Health Insurance Cover Dental Treatments?

SBI General Insurance Company provides comprehensive coverage

Read more

How to Apply for Ayushman Bharat Pradhan Mantri...

Ayushman Bharat Yojana is a flagship health insurance scheme launched by the Government of India to offer universal

Read more

10 Major Benefits of Ayushman Bharat Yojana

Pradhan Mantri Jan Arogya Yojana (PM-JAY) is the second component under Ayushman Bharat Scheme. PM Narendra Modi

Read more

10 New IRDAI Health Insurance Guidelines in 2024

Health insurance penetration in India is far lower than it should be. A significant chunk of the Indian population

Read more

How Senior Citizens can save Tax with Medical...

Senior citizens can save on income tax by availing tax benefits on medical expenses under Section 80D of the Income

Read more

Best Health Insurance Plans for Senior Citizens

Senior citizens are the most prone to diseases. Considering the medical inflation in India, buying health insurance

Read more
Download the Policybazaar app
to manage all your insurance needs.