Aman Patni2024-08-08T18:40:27+05:30Personal accident insurance is a policy that provides financial protection against accidental injuries, disabilities, or death. It covers medical expenses, hospitalization costs, and offers compensation for temporary or permanent disabilities.
Q2: Who should buy personal accident insurance?
Aman Patni2024-08-08T18:39:58+05:30Personal accident insurance is suitable for anyone, especially individuals with high-risk jobs, frequent travelers, sports enthusiasts, and anyone looking to protect themselves and their families from financial burdens due to accidental injuries.
Q3: What does personal accident insurance cover?
Aman Patni2024-08-08T18:39:00+05:30Personal accident insurance typically covers accidental death, permanent total disability, permanent partial disability, temporary total disability, medical expenses, hospitalization costs, and sometimes additional benefits like education funds for children.
Q4: Are there any exclusions in personal accident insurance?
Aman Patni2024-08-08T18:38:29+05:30Yes, common exclusions include self-inflicted injuries, injuries sustained while under the influence of alcohol or drugs, participation in hazardous activities, pre-existing conditions, and injuries resulting from criminal activities.
Q5: How is the sum insured determined in personal accident insurance?
Aman Patni2024-08-08T18:37:51+05:30The sum insured is usually based on the policyholder's income and can be chosen as a fixed amount. Some insurers offer coverage as a multiple of the policyholder's annual income.