Need for personal accident insurance policy

1 Individual Personal Accident Cover

This plan is for one person. It gives money if the person dies in an accident or loses eyesight or limbs because of the accident.

2 Group Personal Accident Cover

This plan is mainly purchased by companies for their employees. It offers different types of protection:

• Accidental Death Cover: If an employee dies in an accident, the money goes to their nominee.
• Permanent Disability Cover: If the employee becomes permanently disabled, they get a fixed amount.
• Permanent Partial Disability Cover: If the employee loses the use of one hand, leg, or any part of the body, they get the partial benefit of the sum assured. This percentage of the sum insured is based on the severity of disability.
• Temporary Total Disability Cover: If the employee cannot work for some time because of an accident, they receive a pre-decided amount to support their income.

1 Here is what it Usually Covers

PA or Personal Accident cover offers all the benefits given below. You may need to get an add-on to get the advantage of some of these coverages, such as education expense coverage.

• Accidental Death: If the policyholder dies in an accident, the nominee gets the full sum assured.
• Permanent Total Disability: If the person loses the ability to use both hands, both legs, eyesight, or becomes fully disabled for life, the policy pays the full amount.
• Permanent Partial Disability: If the person loses the use of one hand, one leg, eyesight in one eye, or any part of the body, they get a percentage of the sum assured.
• Temporary Total Disability: If the person cannot work for some time due to an accident, they get weekly or monthly money support.
• Accidental Injuries: Covers medical expenses for injuries caused only by accidents.
• Daily Cash Allowance: Gives a fixed amount per day to help with daily expenses during hospital stay.
• Ambulance Charges: Covers the cost of ambulance services used after an accident.
• Burns and Fractures: Provides compensation for accidental fractures, burns, or other specific injuries.
• Funeral Expenses: Offers financial help for the funeral or last rites after accidental death.
• Education Benefit for Children: Gives financial support for children’s education if the policyholder meets accidental death or total disability.

2 Here are the Exclusions of Personal Accident Insurance

Personal Accident Insurance does not give money for every situation. It only covers accidents. Here are the things it usually does not cover:

• Natural death
• Death or injury due to illness (like a heart attack, fever, or disease)
• Accidents caused by drinking alcohol or using drugs
• Self-harm or suicide
• Injury during dangerous or illegal activities
• Injury while doing adventure sports
• Accidents caused by war or terrorism (unless the policy says otherwise)
• Injury from pregnancy or childbirth
• Accidents while driving without a valid licence or proper documents.

• Financial Assistance: It gives you quick financial help the moment an accident happens.
• Helps Family: Your family can manage everyday expenses even if you are unable to work.
• Covers Accidental Injuries: You do not have to worry about treatment costs for minor or major injuries.
• Offers Lump-Sum Amount to Family: In case of accidental death, your family receives a lump sum that keeps them secure.
• Affordable Premium: The premium is easy on your pocket, making protection affordable.
• Peace of Mind: Most importantly, it brings peace of mind knowing you and your loved ones are protected.

• People who travel daily
• Bike riders and car drivers
• Salaried employees
• Self-employed people
• People with families
• Senior citizens
• Home makers
• Students

• Step 1: Visit the Square Insurance website.
• Step 2: Go to the Health Insurance section.
• Step 3: Click on Personal Accident Cover.
• Step 4: Enter your basic details like name, age, and contact number.
• Step 5: Check the quotes shown based on your details.
• Step 6: Compare the plans and their benefits.
• Step 7: Choose the plan that fits your needs and budget.