Personal Accident insurance in India

A short account on personal accident insurance

Personal accident insurance in simple language is a future security for unexpected hazardous accidents in life. In India one person killed in every four minutes makes it as highest road fatalities country on global scenario. There is a loss of more than 1.5Lakh lives every year in country belonging to age group of 18 to 45years, that makes personal accident insurance a basic requirement of normal people. These insurance are not only essential but also cheap for common man, it makes no difference to pay a minimum amount of Rs 500 annually for personal accident cover of Rs 10Lakhs.

The personal accident insurance not only provides coverage for death but also includes benefits for disabilities, bone break, burns, falls, accidents due to environmental factors and much more. This insurance will provide you a handsome amount to money to manage your financial burdens during stressful times.

If you are a reading this blog to gather idea about what a personal accident insurance plan cover, here are its specific benefits and features mentioned in simplest manner for your knowledge.

Benefits: -

100% refund in case of death due to accident along with added benefits like children education bonus

Personal accident insurance cover permanent total disabilities (PTD), permanent partial disabilities (PPD) and temporary total disabilities (TTD) with varying offered SI

Tax benefit is included in policy plans

No health check is required in personal accident insurance

Family discount available that varies in different policies as per company

Personal accident plan is better than health plan

The personal accident plan is considered as better option then health and term plan. Some people develop a mind-set that personal accident insurance is useless if they own a health insurance plan. But for your knowledge there are extra-added benefits for having personal accident insurance. The health plans only offer benefits in case of hospitalization however, personal accident plan provide benefits for possible harm that occurs due to accident. This personal accident insurance is far cheaper then health insurance plan offering life long protection. The term plan only offers coverage in case of death while this accidental insurance cover all possible impact of accidents.

Personal accident insurance online

The online personal accident insurance system is the easiest and fastest way to safeguard yourself and family for expected as well as unexpected accidents. Now, you will be thinking that how can an accident be expected one?. Consider that you are planning to travel or organizing an adventurous trip in coming few days. Accidents and mishaps are always expected while travelling and protection through insurance is best to enjoy stress less amusement in life. It will be difficult to manage offline insurance process for short duration in such scenario online personal accident insurance will surely facilitate you.

A Comparison of Personal Accident Insurance plans in India

Features Policy	Claim paid ratio	Coverage of terrorist attack	Maximum cumulative bonus	Entry age	PTD coverage (%of SA)	PPD coverage (%of SA)	TTD coverage (%of SA)
Apollo Munich Accidental Plan	50%	No	50%	5-70yrs	100%	100%	100%
Future Generali Accident Suraksha	71%	Yes	25%	18-70yrs	Covered	Covered	Covered
Bajaj Allianz Premium Personal Guard	91%	No	50%	18-65yrs	200%	70%	7,500 per week
National Insurance Personal Accident	NA	No	50%	NA	100%	As per policy wordings	1% of SA/week for 104 weeks
Starhealth Accident Care	66%	No	50%	18-70yrs	100%	NA	1% of SA/week for 100 weeks
Tata Aig Personal Guard	NA	No	25%	18-65yrs	Covered	Covered	Not covered