Compare & Buy Car, Bike and Health Insurance Online - InsuranceDekho
Track & Policy DownloadLogin

Everything You Should Know About Personal Accident Insurance

An automobile accident doesn't come knocking. It can happen at any time and at any place, with moderate to severe consequences. Any uncertainty can lead to financial ruin, which is why it is recommended that you get Accidental Insurance coverage. In the case of an accident, bodily injury, or disability (partial/permanent/temporary), it will provide financial assistance to you and your family. Accidental hospitalization coverage, Hospital Confinement Allowance, and Medical Expense Coverage are just a few of the additional rider benefits. Personal Accident Insurance provides insured people with full financial protection against unforeseen occurrences including accidental death, bodily injury, partial/total disability, permanent and temporary disabilities, and death as a result of an accident. In the case of the policyholder's accidental death, the nominee is fully reimbursed by the insurer. Accidents that result in the loss of eyes, limbs, or voice may be eligible for further compensation. Continue reading to learn more about personal accident insurance.

What Is The Purpose Of Buying Health Insurance For Your Family?

A minor accident may render a person temporarily incapacitated, while catastrophic accidents can have a considerable impact on one's life and overall well-being. It is now vital to have a robust insurance plan in order to protect oneself from such disasters. The goal of an accidental insurance policy is to help the injured person or a dependent in some way. Personal Accident Cover provides financial support in the event of an accident-related death, physical injury, disability, or disfigurement. In the case of a rail, air, or road accident, drowning, or injuries received as a consequence of a collision, bodily injuries, or burns, among other things, compensation is provided. In the case of an accident, personal accident insurance coverage offers financial help to the policyholder, regardless of the severity of the incident. In the case of accidental death, disability, or dismemberment as a consequence of an accident, the insured is reimbursed. The best personal accident insurance plans in India provide financial aid to dependent relatives in the case of the policyholder's untimely death due to an accident. The policyholder will also be paid for lost income in the case of an accident-related handicap. It protects you from the worst-case circumstances, giving you peace of mind. Hospitalization coverage, hospital bill payment, and ambulance cost reimbursement are among the additional benefits.

What Are Some of the Benefits of Purchasing Personal Accident Insurance?

You may receive personal accident insurance regardless of your age, profession, or health. You should definitely acquire this software as soon as you start generating money. It is particularly important for persons who have taken out loans or are required to pay EMIs since it protects them from having to repay the outstanding sum in the case of a calamity. Your occupation, not your age, will decide the premium for this coverage. You may prevent having your membership lapse by paying it online. The price of insurance is decided by the plan you select, as well as your age, occupation, and, in certain cases, medical history. However, it is recommended that you select a total insured sum equal to 100 times your monthly payment. Under Section 80D of the Income Tax Act of 1961, the premium paid for personal accident insurance plans that offer protection against bodily disability, dismemberment, or accidental death is not tax-deductible. It's important to remember, though, that the primary motive for buying any sort of insurance is to provide protection and safety. Insurance decisions should never be based on tax considerations.

Take Away

You should think about what would happen to your loved ones if you died, but you should also think about how they would cope if you become permanently incapacitated. You can be prepared for the unexpected if you have the right insurance. Personal accident insurance coverage covers accidental injury and death. Such plans, on the other hand, do not cover natural deaths or deaths caused by illness. 

Also read - What Can You Do To Make Your Current Health Insurance Plan Better?

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.

Health Insurance Coverage Calculator

Who do you want to insured ?

  • Individual
  • Couple
  • Family
  • Parents

Age of eldest insured member ?

Where do you live ?

Metro
Non-Metro
Disclaimer : Actual Coverage might vary basis your location, age and number of members

Best Health Insurance Plans In India

  • Cover 5 L
    Starting at 832/month*
    No room rent limit 100% no claim bonusUnlimited restoration benefits3 years PED waiting period
    View All Features
  • Cover 10 L
    Starting at 739/month*
    No room rent limit Unlimited restoration benefits50% no claim bonus4 Years PED Waiting period
    View All Features
  • Cover 5 L
    Starting at 447/month*
    No room rent limit 33% no claim bonus100% restoration benefits3 years PED waiting period
    View All Features
  • Cover 5 L
    Starting at 1,312/month*
    No room rent limit 50% no claim bonus100% restoration benefits3 yrs PED waiting period
    View All Features
  • Cover 5 L
    Starting at 448/month*
    Single Private A/C Room 20% no claim bonus100% restoration benefits1 year PED waiting period
    View All Features
  • Cover 5 L
    Starting at 664/month*
    No room rent limit null20% no claim bonus100% restoration benefits2 years PED waiting period
    View All Features
  • Cover 5 L
    Starting at 675/month*
    No room rent limit 50% no claim bonusUnlimited restoration benefits3 years PED waiting period
    View All Features
  • Cover 5 L
    Starting at 690/month*
    Single Private A/C Room 100% restoration benefits3 years PED waiting period
    View All Features
  • Cover 5 L
    Starting at 546/month*
    Twin sharing room Zero no claim bonus100% restoration benefits2 years PED waiting period
    View All Features
  • Cover 5 L
    Starting at 566/month*
    No room rent limit 20% no claim bonus100% restoration benefits3 years PED waiting period
    View All Features
  • Cover 5 L
    Starting at 1,770/month*
    Zero no claim bonusNo restoration benefits1 year PED waiting period
    View All Features
  • Cover 40 L
    Starting at 62/month*
  • Cover 2 L
    Starting at 146/month*
  • Cover 5 L
    Starting at 806/month*
    Single Private Room 10% no claim bonus100% restoration benefits2 years PED waiting period
    View All Features
  • Cover 5 L
    Starting at 476/month*
    60% no claim bonus150% restoration benefits4 years PED waiting period
    View All Features
  • Cover 5 L
    Starting at 526/month*
  • Cover 5 L
    Starting at 855/month*
    25% no claim bonus100% restoration benefits4 years PED waiting period
    View All Features
  • Cover 5 L
    Starting at 448/month*
    Single Private A/C Room 20% no claim bonus100% restoration benefits1 year PED waiting period
    View All Features
  • Cover 5 L
    Starting at 396/month*
    Room rent upto 2% of SI Room rent upto 1% of SI No room rent limit Single Private Room
    View All Features
  • Cover 5 L
    Starting at 738/month*
    No room rent limit 50% no claim bonus100% restoration benefits3 yrs PED waiting period
    View All Features
Note: Premium is shown for 18yr old individual of Delhi
Show More
Must BuyMust Buy

Why to Buy Health Insurance Policy Online from InsuranceDekho

  • Tax benefit upto 75,000*
  • Claim support everyday 10AM-7PM
  • 80 Lacs+ happy customers