Best Personal Accident Insurance Plans Online

What is the need of buying an Accidental Insurance policy when you have an existing life policy for you? It is because the life insurance amount is only applicable at the time of the insured demise. It does not cover accidental injuries and illnesses.

However, the personal accident health insurance policy covers every injury and any kind of accident disability, external injuries, or death caused by violence. The nominee can easily claim the sum insured if the insured individual dies  in case of an accident.

In India, there are various accidental policies available that cover your incidental expenses. To save you time and effort, here are the top 5 policies to consider when purchasing your next accidental insurance policy.

Importance of Buying a Personal Accident Insurance Plan

Accidents are uncertain and sometimes they can be more dangerous. Many people in India refrain from buying accident insurance plans, but it is as crucial as other health plans. Just think this way, in case you get into an accident resulting in death or a permanent disability, then an accident insurance plan can safeguard your family financially. Besides covering the expense of your loved ones, it will cover all your treatment costs as well. 

Hence, to avoid any financial distress during any such happening, you must plan and invest in an ideal accident insurance plan. There are many benefits associated with accident insurance coverage such as:

• Security and Peace of Mind

If you meet with an accident that causes death or any permanent disability, then it may hamper your earning potential. Therefore, if you buy an accident health insurance plan, your loved ones will get financial protection in the form of accidental compensation. The sum insured is paid by the insurance company in the event of the death of the insured.

• Minimum Documentation

Due to the wrong misconceptions such as buying a health insurance plan involves complicated paperwork and the entire process is very hectic, people ignore purchasing insurance plans. However, the fact is that when you buy an accident insurance plan, you are not required to worry about the documentation process. You just need to give basic details, and the policy will be issued to you.

• No Medical Examination Required

Unlike a health insurance plan, where you are required to take a medical test before getting the issued insurance policy, an individual does not have to undergo any medical examination while purchasing an accidental insurance policy

• Simple Claim Process

While purchasing an accident insurance plan, the policy buyers seek a simple claim process. Irrespective of the policy selected by you, the claim process is very simple. All you have to do is apply to the insurance provider(it can be done both online and offline). Once the claim gets verified by the insurance company, the amount gets paid to you.

• Wide Coverage Offered

A variety of health insurance plans are associated with geographical limitations. This means that no compensation is offered if any casualties happen to a person outside the boundaries of India. However, with most personal accidents covered, there are no such limitations associated. Most of the time insurance companies offer worldwide coverage and the benefits can be availed by the policyholder irrespective of the place of the accident.

The Top 5 Personal Accidental Plans

Here is the list of best personal accidental insurance plans mentioned below:

Insurer	Plan Name	Age(in years)	Policy Tenure	Coverage amount
Aditya Birla Health Insurance	Activ- Secure Personal Accidental Plan.	5-65 years	1, 2 or 3 years	12 times the annual gross of income for the earning individual.
Bajaj Allianz General Insurance	Personal Accidental Plan	N/A	1 year	Rs.10-25 lakhs
HDFC Ergo General Insurance	Personal Accident Plan	18-65 years	1 year	Rs 2.5-15 lakhs
Niva Bupa Health Insurance	Accidental Plan	18-65 years	1- 2 years	Rs 5-25 lakhs
Care Health Insurance	Personal Accident Plan	18 years to 70 years	1, 2, or 3 years	Rs 15 lakh- 25 crore

 

1) Aditya Birla Personal Activ Secure- Personal Accident

Aditya Birla Health Insurance comes up with additional benefits at affordable prices and a comprehensive approach. This includes:

• Coverage of modification or repair of the vehicle or residence is included in the plan
• There is a 5% Cumulative Bonus for every claim-free year.
• Allows you to hire a personal coach and trainer to recover faster after the injury.

2) Bajaj Allianz Personal Guard Plan

The Bajaj Allianz Health Insurance plan provides coverage against all odds and includes the option of a premium personal guard for your family. Some of the benefits of this health insurance plan are- 

• In the case of total permanent disability (TPD), compensation of 125% of the sum is given.
• Covers bonus of child's education policy in case of death of insured.
• Covers other medical expenses in case of accidental injuries.

3) HDFC ERGO Personal Accident Insurance Plan

HDFC ERGO Health Insurance plans to provide flexibility and a lump-sum payment in one go to cover unexpected medical expenses. The following are the features of this health insurance plan-

• A cash allowance facility is available in case of a cash crunch during the treatment.
• Transportation facilities and ambulance costs are included.
• The policy is open to individuals within 18-65 years of age.

4) Niva Bupa Personal Accident Insurance Plan

Niva Bupa Health Insurance is a one-stop destination for all accidental-related expenses to be covered. It covers benefits like :

• Covers permanent partial disability and provides 100% of the sum insured.
• Covers funeral expenses up to Rs 5000.
• There are no third-party agents involved. Claims are processed and cleared by the customer service team directly.

5) Care Personal Accident Insurance

Care Health Insurance is a well-known policy that addresses all problems that occur because of accidents and injuries. It includes the following:

• Covers the expenses for a personal nurse if needed in case of injuries.
• Covers mobility and prosthetic devices like artificial arms, and legs, or medical equipment like a wheelchair.
• Loyalty benefits are also available for your subsequent renewal dates.

Conclusion

The accident is an unusual event and becomes unpredictable at times. It can cause fatal injuries and more serious health problems. Amid the crisis where the economy and inflation are taking a toll on your pockets, getting a personal accidental insurance policy is a smart move.

The above-mentioned policies are the best to choose from and a great way to secure your and your family’s financial future. 

Also Read: 

Do Health Insurance Cover Dental Surgeries?

Discover How To Calculate The Premium For Health Insurance