Secure Your Future with a Personal Accident Insurance

Personal Accident Insurance

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(Excluding Taxes)

Premium Starts @ 305 excluding Taxes

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Cover for Accidental Death and Permanent Disability

Partial disability to specific body parts is covered

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Personal Accident Insurance

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> Quick Guide to Personal Accident Insurance
> Frequently Asked Questions
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Policy copy will be emailed. This can also be accessed via securenow.app login

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Risk coverage gets started immediately on proposal form submission, if no claim has been reported.

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Buying process is completely digitized including supporting documents. No need to submit hard copies.

Cost-effective Insurance

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Single point interface for claims

Dedicated liability claims expert coordinates claims

Timely renewal reminders

Automated reminders and sent 3 weeks before renewal. Premium can be easily paid online

Quick Guide to Personal Accident Insurance

Personal Accident Insurance

Personal Accident Insurance provides complete financial protection to the insured members against uncertain situations such as accidental bodily injuries, and partial/total disabilities, temporary/permanent disabilities and accidental death resulting from an accident . Personal accident policy offers compensations for accidental disability such as loss of limbs, eyes and speech. In the case of accidental death of the insured, the nominee gets 100% compensation from the insurance company.

An accident can happen anytime, anywhere and may cause minor to serious injuries. Such uncertainty may lead to financial crisis in the family. It is therefore recommended that everyone should buy an accident cover. Personal accidental policy provides the necessary and timely financial assistance to insured and their families against accidental death, bodily injuries and disabilities. Additionally, you get a number of rider benefits such as accidental hospitalization cover, Medical expense cover, Hospital confinement allowance etc.

Types of Personal Accident Insurance Policy

Personal Accident Insurance can be further categorised into two types:

Individual Accident Insurance - A Personal Accidental insurance covers individual policyholder in case of any damage resulting due to an accident. The damages covered under this policy include permanent and temporary disabilities due to an accident.
Group Accident Insurance - Group Accident Insurance plans are for the employers who want to provide Insurance coverage to their employees. Compared to a Personal accidental insurance plan, a group insurance plan is basic in nature and offers limited benefits. However because of low cost, It offers a good value preposition for the organisation, especially small firms.

Key Features and Benefits of Personal Accident Insurance

Accidents are events that cause severe damage and bodily injuries can sometimes lead to loss of income and sometimes even life. To deal with such emergency situations, it is advisable to get a personal accident cover.

Some of the major advantages of buying a personal accident insurance policy are:

Family security
No requirement of medical tests and documentation
Substantial coverage at a lower premium
Worldwide accident policy coverage
Both individual and family accident Insurance plans are available
The easy and certified claim process
24x7 customer support service
Covers the legal and funeral expenses
Child education benefit
Double indemnity for demise/ impairment while traveling in public transport
Availability of customizable plans

In addition to the above key benefits, there are other benefits that come with a personal accident insurance policy. Some insurance providers may provide these benefits in the basic plan or you can alternatively buy them as an add-on cover by paying some extra premium:

Hospital Daily Cash
Transportation or Repatriation of Mortal Remains
Broken Bones
Burns
Family Transportation Allowance
Education Advantage
Loan Protector
Home Alteration and Vehicle Modification Benefit

Personal Accident Insurance Policy Coverage

One can avail the following coverage benefits with personal accident insurance policy:

Accidental Death Cover – In case death due to fatal injuries, the entire sum assured is paid to the nominee as mentioned in the accidental insurance policy document.
Permanent/Total Disability Cover- In an event where an accident results in permanent disabilities or lifelong total impairment such as loss of both the limbs, then a specified sum insured amount is paid to the personal accident insurance policyholder.
Permanent Partial Disability Cover- In case of permanent partial disabilities resulting out of bodily injuries, a certain percentage (up to 100%) of the benefit is paid to the insured.
Temporary Total Disability – Under personal accident insurance, in case the insured meets with temporary total disabilities and is bedridden, then the insurer will be provide a weekly allowance against the loss of income.

Major Inclusion and Exclusions of Personal Accident Insurance Policy

Before buying an accidental insurance, one must educate himself/herself yourself about terms and conditions before you avail such a policy always works in your favour. So, here’s a quick rundown of the inclusions and exclusions:

Inclusions	Exclusions
Accidental death cover	Natural death cover
Partial disability /Permanent total disability	Pre-existing disability or Injuries
Accidental dismemberment	Childbirth or Pregnancy
Medical expenses/ hospitalization charges	Suicide or self-injuries
Child education support	Non-allopathic treatments
Life support benefit	Influence of intoxicants
Burns, broken bones and Ambulance	Committing a criminal act or being involved in war activities, if suffering from a mental disorder
Daily allowance	Participating in the naval, military, air force, adventurous or sports activities
Accidental dismemberment	Childbirth or pregnancy

Why Choose Personal Accident Insurance?

A minor accident can make an individual temporarily disabled, while major ones can have a severe impact on one’s physical, mental and their overall well-being. Buying a sound personal accident insurance has become imperative to protect yourself against any such untoward perils. An accidental insurance policy is designed to offer some relief to the injured person or dependent.

Personal Accident Cover offers compensation in the unfortunate event of death, bodily injuries, impairment or mutilation resulting from an accident. Compensation is provided in case of an accident while travelling through road, rail, air, drowning, or due to a collision, bodily injuries, burn etc.

A personal accident insurance plan offers financial support to the policyholder in case of accidental disabilities, irrespective of the intensity of the incident. Compensation is provided to the insured against impairment, dismemberment and accidental demise because of an accident.

In case of unfortunate accidental death of the policyholder, the best personal accident insurance plans help the dependent family members by providing them financial assistance. In case of impairment due to an accident, the policy-holder will also get compensation for the loss of income. This compensation during difficult times ensures mental peace against the most unexpected events. There are other benefits like hospitalisation cover, hospital bill payment, compensation of ambulance cost etc.

Why should you buy Personal Accident Insurance Policy from SecureNow?

SecureNow is an independent online insurance broker for Personal Accident Insurance cover. We are here to help you make the right decisions when protecting yourself. When you use SecureNow service online, offline or over the phone, you get:

One can compare Accidental Insurance plans from Top Insurers
Get Lowest Premium on Personal Accident Cover
Free, independent, transparent service with best policy deals
Get Instant Personal Accident Cover Online

Visit www.securenow.in to know more about affordable personal accident insurance products.

Eligibility criteria to Personal Accident Insurance Policy

Personal accident policies are not eligible for tax deduction under Section 80C. Even though it is an insurance on life of a policyholder, it does not fall within the meaning of 'insurance' as defined under the same section of Income Tax Act.

How to file a Personal Accident Insurance claim?

One must inform the insurance provider immediately and within the specified time frame to initiate a smooth claim process. Personal Accident Insurance policyholder is provided with a claim reference number. This claim reference number along with the following information is required to be shared with insurance provider while intimating a claim:

Your contact number
Policy number
Date and time of the accident
Name and contact details of the policy holder
Location of the incident
Brief description of how the accident/ loss took place with the location details
Extent of the loss

It is important that these details are known to the family members or dependents also, as an unexpected event such as demise may put them in situations where they are unaware of what to do next.

Difference between Personal Accident Insurance & Life Insurance

The major differences between accidental insurance and life insurance policies are listed below:

Coverage	Accidental Insurance	Life Insurance
Death from illness or disease	No	Yes
Accidental Death	Yes	Yes
Death from drug overdose	No	No
Partial disabilities	Yes	No

Difference between Personal Accident Insurance and Term Insurance

Personal accident insurance policy would only offer coverage for death and disabilities caused by an accident. It would not cover claims arising due to natural deaths. The cost of the premium for a personal accident insurance policy is determined on the basis of the occupation of the policyholder. A term insurance policy covers the death of the policyholder due to both; natural or accidental causes.

Personal Accident Insurance FAQs

Personal accident insurance policy provides financial protection for not only unfortunate events arising from accidents, but also for income loss because of them. Any unfortunate events caused due to road, rail and air accidents, collision, fire, explosion, and others are covered under the insurance. The personal accident insurance also financially compensates if due to the accident insured suffer from disability which prevents them from working. This accidental insurance also gives monthly income to help adversely effected people carry on with their lives. This insurance can also be provided as a rider under life insurance. However, in such a situation, the policyholder will not get to enjoy all the benefits offered under a standalone personal accident cover.

As per the Indian Motor Vehicle Act 1988, a bike or a car owner must have a third-party insurance policy. The Government decided to make personal accident insurance compulsory, after seeing the increment in the road accidents cases and policyholders raising claim.

Group accident insurance is an insurance that is offered by employers to their employees, to protect them against the medical expenses incurred due to injury or death resulting from an accident at their workplace.

Personal accident insurance policy provides benefit cover in case of any disabilities arising out of an accident or loss of life. This coverage applies to temporary or permanent or partial disability like loss of limb or general disablement caused due to an accident while travelling. Policy also provided financial support in case of loss of income due to an accident. Some insurers even provide educational support to dependent children. A personal accident cover is a must-have policy for people who frequently travel for work.

Having personal accidental insurance is also a statutory requirement. As per Indian Motor Vehicles Act of 1988, Personal Accident Cover is compulsory and same can be bought along with your two-wheeler insurance policy.

Individuals aged 18 to 65 years are eligible for the personal accident insurance policy. You can buy this policy for any family member(s).

Yes, as per the Indian Motor Tariff Act 2002, it is mandatory to purchase a personal accident cover. The motorbike owner has an option to purchase this policy with third-party liability cover.

Yes, as per the Indian Motor Tariff Act 2002, it is mandatory to purchase a personal accident cover. The car owner has an option to purchase this policy with third-party liability cover as well.

Personal accident insurance offers wider coverage to insured:

It provides coverage for burns, loss of limbs, broken bones, disabilities, etc., resulting from an accident.

Policy pays out the benefits on permanent partial or total disability, and temporary total disability, and death.

This plan is most beneficial for individuals who may be hospitalized due to their dangerous nature of work.

Life Insurance and health insurance products offer protection against limited and specific financial eventualities only

The injury, disability and death caused due to the following factors are not covered in the personal accidental insurance policy:

Natural death

Pre-existing conditions

Childbirth or pregnancy

Suicide or self-inflicted injuries

Participating in war, riot, etc.

Participating in an unsafe sports activity

This optional personal accident insurance plan provides 24-hour, full-year protection against accidents anywhere in the world, whether insured are on or off the job.

Section 80D of the Income Tax Act, 1961 does not provide any tax benefit for the premium amount paid for personal accident insurance plans.

How much personal accident insurance you need is partly driven by the assessment of what you can afford. If you are financially well-off, insurance experts recommend buying coverage of the same amount of personal accident insurance as life insurance. Further, as personal accident insurance costs less, it might be wise decision to buy more accident insurance as a safeguard. Further, the amount of personal accident cover you should buy can also be influenced by your occupation. The more dangerous your occupation is, the more you should consider a personal accident insurance policy coverage. It may make sense for people who are engaged in hazardous occupation like heavy equipment operators, commercial fishermen, construction workers and other similar employment where serious injuries are higher than normal.

One can get tax deduction on personal accident insurance only under a specific condition. To take advantage of tax deduction, the insured should be able to successfully demonstrate that the premium is paid to protect his/her taxable income. If policyholders are small business owner and are paying the insurance premium to secure their earning capacity, they can avail personal accident insurance tax benefit.

Personal accident insurance policies pay out compensation to policyholder who suffer serious injury or death as the result of an accident. They differ from ordinary life insurance in that the incapacity (or death) must be the result of an accident, not resulting from illness or old age.

Insurance Provider	Insurance Plan	Coverage Amount	Age Limit	Accidental Death Cover	Disability Cover	Bonuses
Navi Health Insurance	Personal Accident Insurance Policy		91 days to 75 years	100% sum insured	1. PTD: 100% to 150% of sum insured. 2. PPD: Up to 75% of sum insured. 3. TTD: Weekly benefit.	One-time payment equal to the amount stated in the policy to surviving children
Aditya Birla Capital	Activ Secure Personal Accident	Rs. 1 lakh to Rs. 20 crore	5 to 65 years	100% sum insured	100% of the sum insured for permanent partial and total disablement	Up to Rs. 10 lakh for dependent’s education
Bajaj Allianz	Premium Personal Guard Policy	Rs. 10 lakh to Rs. 25 lakh	N/A	100% sum insured	1. PTD: 200% of insured amount. 2. TTD: Weekly benefit.	In case of death or PTD, Rs. 5,000 per child (Maximum of 2 children)
Bharti AXA Insurance	Smart Individual Personal Accident	Rs. 10 lakh to Rs. 30 lakh	18 to 70 years	100% sum insured	1. PTD: 150% of sum insured. 2. PPD: up to 75% of sum insured.	No education bonus
Niva Health Insurance	AccidentCare	Rs. 5 lakh to Rs. 2 crore	N/A	100% sum insured	1. PTD: 125% of sum insured. 2. PPD: up to 100% of sum insured. 3. TTD: 1% sum insured per week for 100 weeks.	Rs. 5 lakh child benefit in case of death or PTD

When buying personal accident insurance, look for factors such as the insurer's financial stability, coverage options, exclusions, claim settlement ratio, policy benefits, premium pricing, and the ease of making a claim. It's also recommended that you compare different insurance policies from different companies and choose one that best fits your individual needs and budget.

To select the best insurer based on claim settlement ratio, you can research and compare the statistics of different insurance companies. The claim settlement ratio indicates the number of claims settled by an insurer out of the total number of claims received. A higher ratio indicates a more reliable and efficient company. You can also read customer reviews and ask for recommendations from friends or family to help make your decision.

Step-by-step guide to buying a personal accident insurance policy:

Determine your coverage needs -Decide how much accidental insurance coverage you need and what type of accidents you want to be covered for.

Research and compare policies -Shop around and compare different accidental policies to find one that meets your coverage needs at a price you can afford.

Read the policy carefully -Before you buy accidental insurance, you must read the policy wording carefully and understand what is and is not covered.

Choose a reputable insurer -Choose an accidental insurer that has a good reputation and offers better financial stability.

Purchase the policy -Follow the given steps to purchase the policy that meets your needs.

Review and update your policy as needed - Periodically review your personal accidental policy to make sure it still fulfills your needs and make any necessary updates.

One can buy Insurance from SecureNow in just few clicks. Visit www.securenow.in, go to Personal Accident Insurance page, fill your contact details and we will call you back. We will share the proposal form and payment link/NEFT details. Upon successful payment, policy copy will be issued instantly at your registered Email ID.

Yes, there is a free-look period provided under personal accidental insurance policy. The free-look period usually lasts for 15 days from the commencement of the policy during which one can cancel the policy if they want to and premium paid policy holder will be paid back. However, no claims must be made in this free-look period.

As per IRDAI guidelines, one can choose to buy separate “Compulsory Personal Accident Cover” policy also to cover against accidental risks, while driving his/her own vehicle. This car insurance policy can be bought for any type of vehicle like private car, two-wheeler, taxi, and commercial vehicles (bus, trucks, etc.).

In order to file personal accident insurance claims on time after an eventuality, policyholders must immediately approach the insurance provider. They must not waste time in approaching the insurance provider. Let us look at the process:

After the accident, immediately inform the customer care of the insurance company through the website or the customer care number

Provide the policy documents

Provide the duly filled in claim form

Submit other documents as per the case – death, partial disability, total disability, etc.

In the next step, the insurance company conducts a scrutiny to understand the authenticity of the claim

If approved, the company will transfer the payment in your account

If rejected, the insurance company might seek other documents, and if it is still not satisfied, it might reject the claim

The insurance provider is liable to pay the personal accident insurance claim only once for one incident. The insurer cannot receive another claim for the same accident/loss. However, if you have bought two personal accident policies; a group personal accident policy and a personal accident cover, you may claim accidental death benefit from both policies.

Intentional injuries are not claimable under the accidental insurance policy. Intentional injury can be; broken bones, permanent partial disability, the burns, partial disability, temporary total disability, permanent total disability, dismemberment, death, etc.

A typical personal accident policy provides 24-hour worldwide coverage. One should always check the territory clause in their accidental insurance policy for specific geographies covered. Accident insurance policies are generally reimbursement policies where you have to file a claim after the incident has occurred.

What Our Customers Are Saying

Devendra

Just got my personal accident policy through SecureNow, feeling protected.

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Two thumbs up for SecureNow's top-notch pa cover for owner driver!

Insuropedia

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