Personal Accident Cover in Bharat Griha Raksha Policy

Personal Accident (PA) Cover is an add-on cover provided by Bharat Griha Raksha Policy to the policyholder and their spouse if the insured peril results in case of the death of either. Learn all about personal accident add-on cover in BGR policy in detail.

What is a Personal Accident Cover in BGR Policy?

Personal Accident (PA) cover is an optional cover of ₹ 5 lakh each for the self (policyholder) and their spouse in the unfortunate case of either's death due to an accident mentioned in the policy documents. This add-on cover is available with the Bharat Griha Raksha policy, a standard home insurance policy in India introduced by the IRDAI (Insurance Regulatory and Development Authority in India).

What is Covered Under a Personal Accident Cover in BGR Policy?

It provides a lump sum payment to the nominee or family in the event of the insured or their spouse's accidental death due to unforeseen circumstances mentioned in the policy documents.

What are the Key Features of a Personal Accident Cover in BGR Policy?

Personal Accident (PA) cover in the Bharat Griha Raksha Policy adds an extra layer of security by protecting the insured and their spouse from the financial repercussions of death. Here is a list of conditions covered:

Comprehensive Coverage: The PA cover extends to the damages causing death anywhere in the insured house, providing financial coverage for the insured and their spouse.
Lump Sum Payment: In the event of an accidental death, a predetermined lump sum amount ₹ 5 lakh/person is paid.
Ease of Claims Process: Home insurance companies provide an easy and hassle-free claims process, requiring necessary documentation, such as medical reports and police records, to prove the claim.

What is the Importance of Personal Accident Cover in BGR Policy?

Personal Accident (PA) coverage in a BGR policy is a crucial add-on that offers financial assistance to the insured or their family in an unfortunate case of death, helping to cover medical expenses or loss of income. Moreover, it offers peace of mind knowing that there is a backup in case an unexpected accident happens in their place.

FAQs About Personal Accident Cover in Bharat Griha Raksha Policy?

What is the coverage amount or sum insured in PA covered under the BGR policy?

With PA cover, you get compensation of ₹ 5 lakh in an unfortunate case of death resulting from losses/damages to the home building structure and/or contents caused by the insured perils mentioned in the policy documents
Who all are covered under Personal Accident cover in BGR policy?

The PA cover in BGR policy covers both the insured/policyholder and their spouse at an affordable premium rate.