A personal-accident policy insures you against death, permanent total disability, permanent partial disability and temporary disability in case of an accident. What does it not cover then? Well one needs to be aware of the inclusions and exclusions. So while opting for a personal accident insurance policy one should be very clear about the sum insured, coverage and premium among other things.
Personal Accident Insurance policy provides complete financial protection to the insured members against uncertainties such as accidental death, accidental bodily injuries, and partial/total disabilities, permanent as well as temporary disabilities resulting from an accident.
Apollo Munich – Essential, Manipal Cigna – Accident Care, Max Bupa, Aditya Birla – Plan 3, Religare – Secure 2, Star Health – Accident Care
The parameters compared include total and partial displacement, ambulance charges, funeral expenses and so on.
There is no standardised format since policies differ across insurance companies. At the same time, there are additional benefits that can be built into the policy and offered to the policy seeker. These may include:
- Education grant to children (limited to two children)
- Transportation expenses of mortal remains, subject to cap
- Purchase of blood
- Funeral expenses
The key test findings on quality and performance parameters are available in June, 2019 issue of “Consumer VOICE” magazine.
Please watch out for top performer brands as well as value for money.