Accident Insurance
Personal accident insurance provides life cover and total permanent disability cover in case of an accident.*
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One can obtain a benefit plan that provides financial protection against unforeseen events such as accidents causing total disability, or accidental death. Also, if any of these unfortunate events occur, the plan shall provide a lump sum payout, as mentioned under the policy terms and conditions.
What are The Benefits of a Personal Accidental Insurance Policy?
Secured Future
An accident can result in permanent disability or death of the patient, which may compromise the family's future. Along with proceeds towards disability and/or death, the accident insurance policy has got your children's education covered. This ensures that all future hopes are kept alive even during hard times.
Income loss
Sometimes an accident may cause a permanent disability. In such instances, a personal accident insurance policy will help you financially sustain yourself.
Key Features of an Accident Insurance Policy
In case of unfortunate death due to an accident, the insurer will pay the sum assured to the nominee
Covers permanent total disability
Implement policies in minutes without undergoing any medical tests
What does Personal Accident Insurance cover?
Following damages are covered by Personal Accident Insurance policy –
Permanent Total Disability
Accident insurance policies cover injuries to the body that are irreversible and absolute and prevent you from engaging in any employment. Permanent total disabilities fall within this umbrella. This includes loss of sight, limbs, and more.
Death coverage
Any claims arising from the death of any policyholder caused by an accident are covered by accident insurance.
Permanent Total Disability
Accident insurance policies cover injuries to the body that are irreversible and absolute and prevent you from engaging in any employment. Permanent total disabilities fall within this umbrella. This includes loss of sight, limbs, and more.
Death coverage
Any claims arising from the death of any policyholder caused by an accident are covered by accident insurance.
What does Accident Insurance not Cover?*
Following are the exclusions from the cover-
Intentional injuries
Accidental coverage does not apply to claims arising from intentional injuries sustained during the policy period.
Death by suicide
In case of the policyholder's death by suicide, the nominee would not be indemnified by the policy.
Damage during civil or foreign war
If any injury, damage or loss has been suffered during a civil or foreign war, such claims will not be covered or considered.
Injury caused by intoxication
A claim will be rejected if proven that the policyholder's injury was caused by drugs or alcohol.
Participation in violent public disorder
Suppose the policyholder has incurred loss or injuries caused due to active participation in violent public disorder or labour disturbances. In that case, such claims are excluded from the ambit of Accident Insurance.
Army related losses
This accident insurance does not cover any loss or injury sustained while on duty with any armed forces.
Adventure sport related injury
If a policyholder has faced any injury because of participation in any adventure sports, such claims are exclusively excluded.
History of illness
If a person has a history of a specific illness or sickness, these illnesses and conditions are expressly excluded from the scope of the policy cover.
Pregnancy or child-birth related issues
Specific claims which arise out of pregnancy or childbirth-related issues that could be accidental are excluded from the ambit of this policy.
*Coverage, terms and exclusions may differ from insurer to insurer. Please read respective product’s terms and conditions carefully before concluding a sale.
Intentional injuries
Accidental coverage does not apply to claims arising from intentional injuries sustained during the policy period.
Death by suicide
In case of the policyholder's death by suicide, the nominee would not be indemnified by the policy.
Damage during civil or foreign war
If any injury, damage or loss has been suffered during a civil or foreign war, such claims will not be covered or considered.
Injury caused by intoxication
A claim will be rejected if proven that the policyholder's injury was caused by drugs or alcohol.
Participation in violent public disorder
Suppose the policyholder has incurred loss or injuries caused due to active participation in violent public disorder or labour disturbances. In that case, such claims are excluded from the ambit of Accident Insurance.
Army related losses
This accident insurance does not cover any loss or injury sustained while on duty with any armed forces.
Adventure sport related injury
If a policyholder has faced any injury because of participation in any adventure sports, such claims are exclusively excluded.
History of illness
If a person has a history of a specific illness or sickness, these illnesses and conditions are expressly excluded from the scope of the policy cover.
Pregnancy or child-birth related issues
Specific claims which arise out of pregnancy or childbirth-related issues that could be accidental are excluded from the ambit of this policy.
*Coverage, terms and exclusions may differ from insurer to insurer. Please read respective product’s terms and conditions carefully before concluding a sale.
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What are the benefits of Accident Cover insurance policy?
What is covered under permanent total disablement?
How do I buy Accident Cover insurance policy?
Where do I find my policy document?
PhonePe Insurance Broking Services Private Limited. IRDAI Direct Broker (Life & General)
Reg. 766 and Broker Registration Code IRDA/DB 822/20 Valid till 10/08/2027.
Regd. office - Office-2, Floor 4,5,6,7, Wing A, Block A,Salarpuria Softzone, Service Road,
Green Glen Layout, Bellandur, Bengaluru, Karnataka-KA, Pin- 560103
CIN: U66000KA2020FTC132814