Personal Accident policy offers you financial coverage in an event of death, disability or dismemberment resulting out of an accident. The coverage is extended towards road, rail and air accident and also includes injury arising out of burns, tumbling and drowning. An accident implies sudden loss of income and huge medical expense that can shatter your family drastically. So, buying an online personal accident policy would become your life saviour if misfortune strikes you.
Financial Security
So what measure needs to be taken for financial security of the individuals dependents in case of death or disablement both temporary and permanent. The respite, needless to emphasize, is that there is always a need to go in for Personal Accident Insurance Policy. By buying personal accident insurance policy, you ensure that your familys needs would be taken care of while you are not working. The compensation thus received will be utilized for your unforeseen emergency and any other savings will still remain in your hands to take care of your other liabilities.
Why invest in accidental policy if I already have life insurance and health insurance policy?
Life insurance rewards your family members in event of your death and health insurance policy would provide for hospitalization expenses. So, if an accident results in your disability, you will have to bear the financial burden by yourself and both your other policies will fail to give you any relief. Hence, this policy comes into picture.
What are the key features of this policy?
No medical test required
Good coverage amount at a low premium
Offers worldwide accidental coverage
Indemnity doubles in case of death or disability if commuting via public transport
Covers medical expenses to avail treatment
Provides for funeral and legal expenses
Funds child education
What are the policy exclusions?
Pre-existing injuries/disabilities
Accident arising out of involvement in any criminal activity
Suicidal attempts
Accident arising out of driving under influence of drugs/alcohol
Accident arising due to any adventure/sport activity
How much coverage would suffice?
It is basically a personal choice but should be 10 times the annual income.
Can I get this insurance online?
Online insurance is the order of the day as it saves your time and effort. You need to provide the following details online to get the insurance:
Your date of birth
Gender
Annual Income
Marital Status
Occupation
Policy Type (Individual or family coverage)
Is the claim process easy?
Claim process is easy and claim assistance would be provided by your insurance provider. Generally, all the providers have 247 assistance facility.
What documents are required to process claim?
Documents required in case if disability
Duly filled claim form
Doctors report
Lab reports
Certificate of disability or dismemberment
Documents required in case of death
Duly filled claim form
Doctors report
FIR
Post-mortem report
Death Certificate
Financial Security
So what measure needs to be taken for financial security of the individuals dependents in case of death or disablement both temporary and permanent. The respite, needless to emphasize, is that there is always a need to go in for Personal Accident Insurance Policy. By buying personal accident insurance policy, you ensure that your familys needs would be taken care of while you are not working. The compensation thus received will be utilized for your unforeseen emergency and any other savings will still remain in your hands to take care of your other liabilities.
Why invest in accidental policy if I already have life insurance and health insurance policy?
Life insurance rewards your family members in event of your death and health insurance policy would provide for hospitalization expenses. So, if an accident results in your disability, you will have to bear the financial burden by yourself and both your other policies will fail to give you any relief. Hence, this policy comes into picture.
What are the key features of this policy?
No medical test required
Good coverage amount at a low premium
Offers worldwide accidental coverage
Indemnity doubles in case of death or disability if commuting via public transport
Covers medical expenses to avail treatment
Provides for funeral and legal expenses
Funds child education
What are the policy exclusions?
Pre-existing injuries/disabilities
Accident arising out of involvement in any criminal activity
Suicidal attempts
Accident arising out of driving under influence of drugs/alcohol
Accident arising due to any adventure/sport activity
How much coverage would suffice?
It is basically a personal choice but should be 10 times the annual income.
Can I get this insurance online?
Online insurance is the order of the day as it saves your time and effort. You need to provide the following details online to get the insurance:
Your date of birth
Gender
Annual Income
Marital Status
Occupation
Policy Type (Individual or family coverage)
Is the claim process easy?
Claim process is easy and claim assistance would be provided by your insurance provider. Generally, all the providers have 247 assistance facility.
What documents are required to process claim?
Documents required in case if disability
Duly filled claim form
Doctors report
Lab reports
Certificate of disability or dismemberment
Documents required in case of death
Duly filled claim form
Doctors report
FIR
Post-mortem report
Death Certificate
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