What is Personal Accident Insurance?

Personal Accident Insurance provides compensation or payout in the event of unfortunate death or disablement of the insured person incurred due to accidents. A comprehensive policy will provide other coverage such as an educational grant, hospitalisation expenses, ambulance charges, hospital cash and other benefits as well.

Why Accident Insurance is necessary?

Sudden, unpredictable situations like an accident may drain your savings and lead to medical debt. To safeguard yourself and your family from such situations, an Accident Insurance policy becomes necessary.

What are the benefits of an Accident Insurance policy?

An Accident Insurance policy will protect you and your family from financial loss. The significant benefit of an Accident Insurance policy is that it provides a payout for the unfortunate death or disablement of the insured person. The other benefits are Educational GrantAmbulance ChargesHospitalisation ExpensesHospital Cash &Home Convalescence

What is the entry age for a Personal Accident Insurance policy?

Any people who are aged between 18 and 70 years can avail Accident Insurance policy. Dependent children can also be covered. However, the entry age is policy specific.

Why do I need Personal Accident Insurance if my Health Insurance already covers accidents?

Health Insurance policy will indemnify the hospitalisation expenses incurred due to accidents. But a Personal Accident Insurance policy is designed to specifically offer comprehensive coverage for accidents and accident-related expenses. Moreover, an Accident Insurance policy will provide a payout in case of unfortunate death or disablement of the insured.

What are the exclusions under the Personal Accident Insurance policy?

The common exclusions under the Personal Accident Insurance policy are self-injury, participating in dangerous sports, pre-existing conditions, injuries due to the influence of alcohol or drugs, etc.

Can I get tax benefits for the premium paid towards the Accident Insurance policy?

No, unfortunately, the premium paid towards the Personal Accident Insurance policy is not exempted from Income Tax.

Do Accident Insurance policies cover sports injuries?

Accident Insurance policies do not cover the injuries caused due to hazardous sports activities.

Accident Insurance Plans

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Best Accident Insurance Plans to secure yourself

Accident Care Individual Insurance Policy

Family Discount: Get a 10% premium discount for opting the policy on a family basis

Cover for Accidental Death: 100% of the Sum Insured is provided as a lump sum in case of accidental death of the insured person

Educational Grant: An educational grant of up to Rs. 20,000/- is provided for dependent children in case of death or permanent total disablement of the insured

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Family Accident Care Insurance Policy

Cover for Accidental Death: 100% of the Sum Insured is provided as a lump sum in case of accidental death of the insured person

Permanent Total disablement cover: 100% of the Sum Insured is provided for permanent total disablement due to accidents

Lifelong Renewal: Avail lifelong renewal option for this policy

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Saral Suraksha Bima, Star Health And Allied Insurance Co Ltd

Cumulative Bonus: Get 5% of the Sum Insured as a cumulative bonus for each claim-free year up to 50%

Hospitalisation Expenses due to Accidents: Get up to 10% of the Sum Insured as an optional cover for medical expenses incurred towards hospitalisation due to accidents

Cover for Accidental Death: 100% of the Sum Insured is provided as a lump sum in case of accidental death of the insured person

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What is Accident Insurance?

Why Do I Need Accident Insurance?

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ACCIDENT INSURANCE POLICY

What is Accident Insurance?

Accident Insurance entitles the policyholder to a fixed payout in case of injury or death due to an accident. Accident Insurance policies provide cover against accidental death, permanent total disablement, permanent partial disablement and temporary total disablement. It also provides educational grant, ambulance charges and other benefits. Accidents are unpredictable and may lead to financial stress besides other worries. At such times, Accident Insurance proves to be a financial tool to be prepared for uncertainties.

An accident Insurance policy is essential as it secures oneself and their family against unfortunate death or injury due to an accident.

IMPORTANCE OF ACCIDENT INSURANCE

Why Do I Need Accident Insurance?

Accidents are uncertain events. Such situations may drain people physically and emotionally. The recovery cost of medical expenses might bring forth financial stress and leads to medical debt. Hence, to secure yourself and your family accident Insurance Policy becomes necessary.

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