Personal Accident Insurance

What exactly is personal accident insurance and why do I need it?

Think of it as your financial first-aid kit! Personal accident insurance pays you money if you get hurt, disabled, or worse in an accident. Whether you’re driving, traveling, or just living life, accidents don’t send a warning text. This insurance makes sure your family won’t struggle financially if something unexpected happens to you.

Does personal accident insurance only cover vehicle accidents?

Nope, it’s way more than just road mishaps! Personal accident insurance covers all kinds of accidents, not just vehicle crashes. Here’s what’s usually included:

Slips and falls at home or work
Injuries from fire, burns, or electric shocks
Accidents while traveling (car, bike, train, flight, etc.)
Mishaps during adventure sports (if covered in the policy)
Workplace accidents (especially for field jobs or factories)
Natural disasters like floods or earthquakes (if accidental injury results)

If it’s sudden, external, and unexpected—it likely counts as an accident. Just make sure to check the policy exclusions to know what’s not covered (like self-harm or being under the influence).

What does my basic plan accident insurance actually cover?

Your policy typically covers the big four:

Accidental death

Lump sum for your family

Permanent total disability

When you can’t work again

Permanent partial disability

Lost a finger or eye? You’re covered

Temporary disability

Can’t work for a few months? We’ve got you

How is this different from my health or life insurance?

Here’s the simple breakdown:

How do I choose the best accident insurance policy?

Sum insured that matches your income (at least 100-150 times your annual salary)
Both permanent and partial disability coverage
Weekly income replacement
Quick claim settlement reputation
Fewer exclusions