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Importance of Personal Accident Insurance

Published On Mar 16, 2021 5:30 AM By Sakshi Aggarwal

Personal accident insurance is an agreement between the insurance company and the person insured where the company provides financial compensation to the policyholder in case of permanent or partial disability and death caused directly and only due to accident. In case there is an injury due to an accident that requires immediate treatment the policy will ensure coverage for such costs and expenses incurred.

The disability coverage is offered when the disability makes the policyholder unable to earn income.

Importance of Personal Accident Insurance

Below mentioned are some points which make personal accident health insurance a must-have investment.

1. Disability Coverage

An accident can lead to temporary or permanent disability. A personal accident policyholder can claim compensation for different kinds of disability. For any kind of disability or loss incurred the insurance provider will compensate it.

2. Hospitalisation Expenses

In case of an accident, the policy provider takes care of hospitalization expenses

and medical treatment costs. It also covers other expenses. These may include repatriation charges, funeral expenses in case of policyholders demise, and also ambulance charges.

3. Home Alteration and Vehicle Modification Benefit

In case of any disability which may make you wheelchair-bound, you will need a vehicle to transport you with suitable modifications as per your requirements. So, that you travel comfortably. You can ask the insurer to compensate for such expenses too. Similarly, you may need modifications in your home too such as setting up ramps, your insurance policy will provide such facilities too.

4. Death Coverage

In case of the demise of the policyholder, the policy disburses compensation to the family. In case one has young children, the insurer takes care of their education. In the event of the death of the policyholder, the company will give a lump sum amount to the family to the extent of the sum insured as per the terms and conditions of the policy.

5. Family Transportation

The insurance company will reimburse the transportation costs of the family too. The expenses incurred in reaching the accident spot or to the hospital, all those expenses are to be taken care of by the insurer.


To be prepared for unexpected situations like accidents, it is imperative to have a personal accident insurance cover. you can buy one online at InsuranceDekho within a few minutes without any hassle.

But when buying a personal accident insurance policy online, you make sure to go through its inclusions, exclusions, and other terms and conditions of the policy. this will help you make an informed buying decision and save you from any trouble at the time of claim. 

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.

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