Accidents can occur unexpectedly, at any moment, and anywhere, potentially causing anything from minor scrapes to major injuries. Such unpredictability can throw your financial situation into disarray. That’s where Personal accident insurance steps in. It offers crucial financial support for you and your loved ones in the event of accidental death, bodily harm, or disabilities (whether partial, permanent, or temporary). 

Plus, additional rider benefits include coverage for accidental hospitalisation, a hospital confinement allowance, and medical expenses. Don’t wait until it’s too late—secure your peace of mind with Accidental Insurance today!

Types of Personal Accident Insurance Policy

Accidental Insurance Policies can be categorised into two main types, each tailored to specific needs:

• Individual Personal Accident Insurance: This policy is designed to protect individuals against the financial impact of accidents. It offers coverage for accidental death, loss of limbs or sight, and other permanent disabilities resulting from accidents. It provides personalised protection, ensuring that individuals are safeguarded in unforeseen circumstances.

• Group Accident Insurance: Employers acquire Group Accident Insurance to provide coverage for their employees. This type of health insurance policy often comes with perks, such as premium discounts based on the group size. It serves as a valuable incentive for smaller organisations, offering cost-effective protection. However, it’s essential to note that while Group Accident Insurance is budget-friendly, it may offer limited benefits compared to individual plans.

Accidental Insurance Coverage

Personal accident cover insurance offers various essential benefits tailored to meet your needs:

• Accidental Death Cover: In the unfortunate event of a fatal accident, the emotional and financial burden on dependent family members can be overwhelming. With Accidental Death Cover, the entire sum assured is disbursed to the nominee as specified in the policy document, providing crucial financial support during a difficult time.

• Permanent/Total Disability Cover: Accidents can result in permanent disabilities or lifelong total impairment, such as the loss of limbs. In such cases, a specified insured sum is paid to the policyholder, helping to alleviate the financial strain associated with long-term disabilities.

• Permanent Partial Disability Cover: For injuries leading to permanent partial disabilities, the policy offers the insured a certain percentage (up to 100%) of the benefit. This provision ensures that individuals receive compensation proportional to the severity of their disability, aiding in their recovery and rehabilitation.

• Temporary Total Disability: In instances where the insured experiences temporary total disabilities and is unable to work, the insurer provides a weekly allowance to compensate for the loss of income. This allowance can also cover expenses like EMIs, helping maintain financial stability during periods of reduced earning capacity.

Inclusions and Exclusions for Personal Accident Insurance

Before obtaining such a policy, it’s always in your best interest to familiarise yourself with the terms and conditions. Therefore, here’s a brief overview of what’s included and what’s not.

Major Inclusions	Major Exclusions
Accidental death cover	Death or injuries resulting from pre-existing conditions
Permanent total disability cover	Self-inflicted injuries or suicide
Permanent partial disability cover	Injuries sustained while under the influence of alcohol or drugs
Temporary total disability cover	Injuries sustained during participation in hazardous activities not covered by the policy
Medical expenses reimbursement	Injuries sustained during war or acts of terrorism
Emergency medical evacuation	Injuries sustained during criminal activities
Accidental dismemberment or loss of limbs	Injuries sustained during participation in professional sports not covered by the policy

Wrapping Up

Safeguarding yourself against unforeseen accidents is crucial. personal accident insurance stands as a shield, offering financial protection and peace of mind in times of crisis. With coverage ranging from accidental death to permanent disabilities and medical expenses, this insurance provides a safety net when you need it most. 

Don’t leave your future to chance—take control and shield yourself from the unexpected with Personal Accident Insurance. Consider Niva Bupa, a trusted provider committed to your well-being for comprehensive coverage and personalised assistance. Contact Niva Bupa today to secure your peace of mind and prepare for whatever life may bring.