Personal Accident Cover

Personal accident cover is an insurance policy that provides financial compensation in case of accidental injury, disability, or death. It’s designed to protect individuals and families from the sudden financial impact due to accidents, whether at work, home, or on the road.

Unlike health insurance which covers illness, this policy is a 24/7 accident-specific cover.

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What a Personal Accident Insurance Covers

Risks Covered

  • Accidental Death - Lump sum payout to beneficiaries if the insured dies due to an accident
  • Permanent Total Disability - Compensation if the insured is permanently unable to work due to injury
  • Temporary Total Disability - Pays income replacement during recovery period
  • Medical Expenses - Reimbursement for treatment, surgery, hospitalization, etc due to accidental injuries
  • Artificial Appliances - Some policies cover costs related to prosthetics, crutches, wheelchairs, etc.
  • Hospital Cash Benefit - Some offer daily cash allowance during hospital stay
  • Funeral Expenses - In the unfortunate event of death due to an accident lump sum to cover burial and related costs is paid
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Why it Matters

Accidents don’t ask for permission, as such staying covered is a wise move. This policy is especially relevant for:

  • Self-employed professionals

  • Field workers and drivers

  • Entrepreneurs with no employer-sponsored benefits

However, most policies exclude:

  • Self-inflicted injuries or suicide

  • Accidents under influence of alcohol/drugs

  • War, riots, or criminal activity

  • Hazardous sports (unless added as riders)

  • Pre-existing conditions or illnesses

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