INTRODUCTION

Accident insurance provides a cash cover to a policyholder when s/he

suffers injuries as a result of an accident. While insurance helps a
policyholder pay off hospital and medical bills in case of accident injuries,
it provides cash benefits to family members if the policyholder dies in the
accident. This insurance, applicable 24 hours a day, 365 days a year, is also
commonly referred to as personal accident insurance.

Under personal accident insurance, the policyholder, if injured, receives

cash benefits every month, just like income, for as long as s/he is unable to
work due to the accidental injuries. This income is non-taxable and does
not exceed the policyholders after-tax earnings minus the state benefits
s/he can claim. In case of death of the policyholder due to an accident, the
family receives a specific lump-sum amount.

Definitions of accident insurance

A. In insurance, Accidental death and dismemberment (also known as
AD and D) is a term used to describe a policy that pays additional
benefits to the beneficiary if the cause of death is due to a non-work
related accident.
B. Is a type of private insurance enabling the policyholder to get a
certain sum of money in case of body injury damage due to the
accident.

 They are many Accident Insurance and they are:

Car Accident Insurance

Auto Accident Insurance
Accident Insurance Claim
Automobile Accident Insurance
Accident Life Insurance
Accident Insurance Policy
Accident Protection Plan etc.
Personal Accident Cover In India As Well As Any

Other Location Worldwide: Entry Age:- Any individual in the age band of 18 years to 69
years can opt for the plan.
Sum Insured:- Rs 15 lakh to Rs 75 lakh.
Family Cover:- Aiong with self only we are offering self and
family cover where in spouse and children (max upto two
children) are covered under a single policy-provides 50% cover
for Accidental Death and Permanent Total Disability to spouse
and 10% to children.
Policy Effective Date:- 15 days after receipt of payment and
proposal from duly filled and signed.

Easy Payment:- By credit card or cheque.

Types of Personal Accident Insurance Policies

There are eight common types of personal accident insurance policies:

 Individual: This policy can be taken by any individual. The benefits

usually enclose partners and children. Since several activities are
excluded from this policy, it is not as useful for people who love
adventurous sports, like mountaineering and rock climbing.
Children: The purpose of this policy is to provide financial help to
parents if they are unable to work or if they incur expenses as a result
of an accident.
Group: This policy is used by companies to cover employees for
expenses related to accidents.
Self-employed: Since self employed individuals are not eligible for
employee benefits, they are worse off when injured in an accident.
Team: Through a team accident insurance policy, organizers can seek
cover for all the members of a sports team.
Professional: This policy is specifically for self employed
professionals, such as a sportsperson, actor, lawyer or doctor, who
have special requirements.
Over 50: This policy targets people over 50 years of age, as accidents
can cause more grievous injuries to them.
Travel accidents: This policy offers benefits in case the policyholder
meets with an accident while traveling.
There are varied accident insurance policies to suit different needs.
One should understand and choose the policy with utmost care.

What is Accidental Insurance?

When I bought my first vehicle; my mom advised drive safe these days
accidents are increasing hope you would have received similar advice
from your parents or given to your kids. Impact from accident can be as

small as a scratch to as big as death impact can be temporary or

sometime even permanent. Accidental insurance policy covers this risk
but first check the definition of accident.
Accident or Accidental means a sudden, unforeseen and unexpected
event caused by external, violent and visible means (but does not include
any illness or disease) which results in physical bodily injury (but does
not include mental, nervous or emotional disorders, depression or
anxiety).
Accidental Insurance also excludes suicides, self injury, armed force
operations, war etc.
In case of death term plan will help family to cope up with financial
hardship but what about an accident where one looses body parts & that
impacts his earning abilities. In such situation Accidental Insurance can
be very helpful.

Features of Accidental Insurance

A. Yearly Contract: - Similar to term plan & medical

insurance accidental insurance is also yearly contract
that you can renew every year.

B. Maximum Insurance: - It depends on your income

some insurance companies give 60-100 times of your
monthly income others give 8 to 10 times of your yearly
income.

C. For Non Earning Members: Few insurance companies

provide accidental insurance to dependents but have
limitation in sum assured. 25% to 50% of the proposers
sum insured with maximum limits in rupee terms.

Benefits of Accidental Insurance Policy

Comprehensive Accidental Insurance policy provides
benefits in 4 cases:

A. Accidental Death:If an insured died due to an accident his nominees will get
100% sum insured. So its very important to have right
nominee in any kind of insurance policy whether
accidental or life.

B.Permanent Total Disablement:Some time a person met with an accident & loses his body parts may not
be able to work in future. In case of Permanent total disability 100% sum
insured is given to the insured person. It covers:

Loss of both hands or both feet or one hand and one foot

Loss of a Limb (hand/foot) and an eye

Complete and irrecoverable loss of sight of both eyes

Complete and irrecoverable loss of speech & hearing of both ears

C. Permanent Partial Disablement

As the name suggest this benefit is given if someone losses one hand
or one leg or even small body part like finger/toe. For this every
insurance company have their own tables what they will cover &
how much they will pay depends upon the age limit of the person as
per policy documents.

D. Temporary total Disablement

Sometime it can happen that anyone met with some serious accident
but there is no permanent loss. But doctor suggested a complete bed
rest of 5 weeks or a complete checkup of any part of the body. This
will impact an earning for a small period so in such case accidental
insurance can compensate for this income loss. Weekly benefit is
normally 1% of your sum assured for maximum 100 weeks. There is
also a maximum limit according to your income.

E. Other small benefits

There are few other benefits that one can get from insurance
company few are priced in the premium & for others you need to
pay additional premiums. These can be like emergency ambulance
charges, education fund for kids, medical expenses, family
transportation, imported medicines etc.

How accidental policy premiums are decided:Accidental policy premiums do not depend on the age of insured but
on his work profile & working conditions. Occupational classification
divides people in 3 levels (I have also added premiums from Apollo
Munich for each category Sum Assured Rs 25 Lakh
Level 1 (normal risk) this includes people who are in
administration functions and work in offices like accountants,
bankers, doctors etc. Premium Rs 2600
Level 2 (medium risk) people who are working as labor in the field.
Premium Rs 3600
Level 3 (high risk) people who work in mines, circus etc will come
in the higher risk category. Premium Rs 5450

You can see as category changes premium substantially increases

this premium doesnt include service tax.Premiums can be down if
you are applying as family or group.

Other ways to buy Accidental Insurance:We Indians love thali system & concept of free but let me remind
you again that there is no free lunch. From thali system I mean that
people try to add accidental insurance as rider with life insurance but
my suggestion is you should keep both these insurance separate. This
will give you a proper comprehensive insurance at lesser price.

Personal Accident Insurance:-

Accidents can happen to anyone, anytime. It takes only seconds or minutes

to happen, but may take away the savings of many years, as aftermaths of
accidents can be severe. In such a scenario, don't stretch your savings. Get
your life back on track, with the financial backing of Royal Sundaram
Personal Accident Insurance.
Our Accident Insurance offers global cover of up to Rs. 10 Lakhs,
protecting families from financial instability in case of disability or death of
loved one due to an accident.
Who can be insured:Any Indian resident who falls in the age group of 18 years to 70 years, can
avail this Personal AccidentPolicy. You can also insure your dependent
children between 5 years to 18 years.Get a discount of 10% on total
Premium on buying this policy online, for 3 or more family members.
Policy will cover :
Permanent partial disability:-

In the unfortunate event of permanent partial disability of the

person, a certain percentage of the Sum Insured will be paid to the
person. It is determined by the extent of loss. You can get more
information about it in the Terms and Conditions page.

Permanent total disability:In the unfortunate event of permanent total disability of the person,
the entire Sum Insured will be paid to the person.
Death:In the unfortunate event of death of the person, the entire Sum
Insured will be paid to the person's nominee. We request you to
ensure that you provide a nominee for every family member insured
under Personal Accident Insurance.
Key Benefits:Royal Sundaram Personal Accident Insurance offers global Personal
Accident cover and value-added services.
Key Benefits of royal sundaram personal accident insurance

Instant Policy, No documentation or Medical Test.

24X7,worldwide cover.
Renew policy anytime, anywhere with InstaRenew.
Dedictaed Customer Services Helpline - 1860 425 0000.
Facility to chat online for information.
Easy, ISO certified Claims process.
Instant coverage, within 5 minutes.

 Exclusive features of personal accident insurance:

Cover for Permanent Partial Disability - In the unfortunate event of

permanent partial disability of the person due to an accident, we will pay a
certain percentage of up to 75% of the Sum Insured, depending on the
extent of disability.

Cover for Permanent Total Disability - In the unfortunate event of

permanent total disability of the person due to an accident, we will pay the
entire Sum Insured to the person.

Cover for Death - In the unfortunate event of death of the insured

due to an accident, the entire Sum Insured will be paid to the nominee.

Cover for transportation of mortal remains - In the unfortunate

event of accidental death, we will pay the nominee a sum of up to Rs. 10,000
towards transportation of the mortal remains to residence.

Education Grant - In case of death or permanent total disability, we

will pay an education grant for the benefit of dependent children of up to
Rs. 5000 per child (for up to 2 children).

 Personal Accident Insurance Pays you back:-

Discount of up to 10% on insuring 3 or more family members.

In a claim-free year, if the Policy is renewed without any breaks, the

benefit under Death and Permanent Total Disablement coverage will be
increased by 5%, up to a maximum of 25%.

Accidental Insurance Policies in India

what an accidental insurance policy gives you ?

Think for a moment , what all can happen if one meets an accident , what
can happen , what are different kind of end results of it ? An Accidental
Insurance policy covers almost all of them. Below is table which given you
an idea on what kind of situations are covered by accidental policies.

1. Death

In case of a death due to accident, the policy would pay

100% Sum Assured to the nominee. Some companies also
pay a Children?s Education Bonus of 5000 or 10000 for
maximum of 2 children.

2.
Permanent

This means that in case there is a permanent total

disability, in which a person is disabled for life, the SUM

assured is paid to the person. Some companies also pay

around 125% or 110% , depending on the company.
Example Loss of
1. both hands or both feet
Total
Disablement

2. one hand and one feet

3. one (hand or foot) and an eye
4. loss of sight of both eyes OR speech OR Hearing of
both ears
In this case, a small percentage of SUM assured is paid on
weekly or monthly basis . For example 1% of sum
insured is paid every week up to 100 weeks. Example
below

3.
Permanent
Partial
Disablement

1. Loss of Index Finger or thumb

2. Loss of hearing in 1 ear
3. Loss of 1 eye sight
4. Loss of 1 hand

4.
Temporary
Total
Disablement

This means that for some weeks or months a person is

totally disabled and will not be able to work and earn
money. In this case most of the companies pay a part of
sum assured , some pay 100% and some pay 50% , there
is also a cap in this case , like maximum 5 lacs or 10 lacs.
Example below
1. A bed rest of next 3 months
2. Fracture in hands or legs

 Other Features: Some companies covers claims arising out of Terrorism or acts of
Terrorism
No health check-up required for policy issuance
Worldwide coverage of the policy
It gives coverage starting from 5 lacs to 50 lacs
Free lookup period of 15 days
5% per claim free year to a maximum of 50%.
Family discount of 10%

What is not included (Exclusions):Accidental policies do not cover Deaths or disablement because of
Intentional self-injury, suicide or attempted suicide.
Influence of intoxicating liquor or drugs
By committing any breach of law with criminal intent
Suffering from any pre-existing condition or pre-existing physical or
mental defect or infirmity.
Aircraft pilots and crew , Armed Forces personnel and Artistes
engaged in hazardous performances are totally excluded

 Premiums does not dependent on AGE:-

The premium of accidental policy does not depend on age . So if you are 25
yrs old or 50 yrs old , the premiums would be same, rather it would depend
on your working conditions and nature of your job. If you are a software
engineer working in Bangalore , then your chances of meeting the accident
is different from an army personal working in border or a worker in a
factory which has dangerous machineries. So each kind of job profiles are
divided into different risk level , sometimes its 1,2,3 and sometimes its just
1,2 . Risk level 1 are those who are less risky and their premiums are lower
and risk level 2 are high risky category and their premiums are higher. Let
me give you an example

underground mines, explosives,magazines, workers whilst involved in

electrical installation with high tension supply, jockeys, circus
personnel,engaged in activities like racing on wheels or horseback,big game
hunting, mountaineering, winter sports, rock climbing, pot holing, bungee
jumping.

Risk Level 1 (Low Risk)

Risk Level 2 (High Risk)

1. Doctors
2. Engineers
3. Bankers
4. Accountants

1. underground mines workers

2. jockeys, circus personnel
3. Mountaineering, rock climbing
& bungee jumping,

Note that some companies have a list as 3 different risk levels 1,2,3

 Examples of some good accidental policies:Below I am listing down some of the accidental insurance policies and their
different features . If you see all of them , you will realise that all the
policies have something good or bad in them. This chart is made with
collecting information from different portals and companies websites. Note
that the premiums below are for Low risk professions (Level 1)

ACCIDENT INSURANCE TYPES:-

1. All vehicles including 44 vehicles should have insurance to cover the

costs of damages and injuries due to accidents. If you don?t have
insurance then you will be forced to pay to not only fix your vehicle
but to fix the other person?s vehicle. You will also be liable for any
medical bills that they have as well as your own. You should therefore
get insurance to protect yourself and your assets. Before you decide
on a type of insurance to get you should review the types of insurance
that are offered. This will allow you to pick insurance based off of
your needs.

2. Liability is the minimum type of insurance offered to drivers and is

also the lowest costing. It will cover damages done to other vehicles if
you get into an accident. It also covers injuries to other people if they
are in the hospital or can?t work. When you have liability insurance
you are not covered for any damages or injuries incurred upon
yourself you?re your vehicle. This insurance is best for people who
don?t drive much or have a car not worth insuring.

3. Many drivers worry about their vehicle being vandalized or stolen. In

highly populated areas this is common if you have an expensive
vehicle. If you have full coverage you can add a type of insurance to
your plan that will add a minimal amount to your rate while
protecting your vehicle. You should be careful as some damage when
done by weather is not covered.

4. To get your vehicle completely insured you will need collision

insurance. This covers anything that happens to you or your vehicle
in an accident. When you add this to comprehensive and liability
insurance you will find that your 44 is protected from just about
everything. Since it is very expensive to get this type of insurance, it?s
best to have it only on a newer 44 that is worth a lot. In any case,
collision insurance will leave you without any worries.

5. You will need to get a special type of insurance if you plant o use your
44 for off road situations or for competitions. This type of coverage
will be more expensive than normal coverage because you?re vehicle
is at an increased risk to being damaged. Off road insurance will
cover the off road situations that your normal policy won?t cover. If
you don?t have off road insurance then you will not want to take the
risk of going off road without it. If you do and the insurance
company finds out they may cancel your policy. It is possible to get
this type of insurance for just a day rather than having to pay for it
every month.

6. Choosing the proper insurance for your 44 vehicle can be difficult.

You need to be careful when you?re looking at various companies?
policies as they are not all the same. Some companies have different
guidelines they use in their policies. It?s important to ensure that the

policies are as close to each other as possible when you?re comparing

rates from different companies.

The need for personal accident insurance:-

Accidents can happen to any one at any time. You are a very lucky person if
you manage to go through life without having an accident. Road crash,
house fire, assault, workplace accident or a simple trip. These are common.
The headline stories of fires, murder and terrorism are not common. It is
the everyday workplace, home and road accidents that claim most victims.
The main thing with accidents is that they are random and can happen to
anyone anytime anywhere. Most accidents are minor, but others can be
more serious. In the blink of an eye, your life could be changed for ever.
Accidents happen every day, everywhere.

Just look at these latest statistics from the Royal Society for
the Prevention of Accidents (RoSPA):

1. Accidents on the roads:-

 During 2004 there were 280,840 casualties on British Roads

That includes 3221 killed and 31,330 seriously injured

2. Accidents at home: Surprisingly, your home is one of the most dangerous places you can
be.
Home injuries send an incredible 2.8 million people to hospital
Accident and Emergency units, with an unknown number going to
GPs for less serious accidents.
Every day, ten people die and 8000 people seek medical treatment as
a result of home and garden accidents in the UK.
Most common accidents are falls from height, choking, poisoning,
burns and scalds.

3. Accidents at work: You are also at risk at work.

In 2005 around 2 million people were hurt at work and required
treatment at a hospital casualty department. In 2005 over 200 people
died, and over 350,000 were seriously injured. Many had to take
weeks off work.

4. Accidents involving children

 The saddest figure is the annual toll of child deaths from accident,
including 260 road casualties
Every year, 3 million children suffered injuries which require
attendance at the A&E department of a hospital. A million are
injured in and around schools, recreational areas, and sports facilities
and so on -and 2 million in and around the home.

If a serious accident befalls you, then you may be unable to work

for the rest of your life. You may need money for income or
adapting your home.
You have a one in seven chance of being off work for 6 months due to
illness or accident, during your working life.

Thankfully, medical advances and better remedial care mean that

more people can return to work and normal life.

You may expect the state to support you. You may get a small amount
of benefit, but may have to go through unpleasant interviews,
medical tests and a review of your finances. Sadly, with many
fraudulent claimants, the state treats everyone claiming benefit with
great suspicion, guilty until proven innocent.

If you are a specialist tradesperson, or professional, a serious injury

may mean that you can work, but not in the profession or type of
occupation you were used to. Politicians may dislike the blunt truth,
but in the modern world, the state expects you to take any form of
work on offer. They may even force you to go on training
programmes, before they decide whether or not to give you a
handout.

 By law, an employer must pay most employees statutory sick pay for
up to 28 weeks. This will almost certainly be a lot less than your full
earnings. Few pay for longer. If it is obvious you can never return to
work, they may stop paying and terminate your employment. Not all
employers pay willingly.

Personal accident plans : Types of policy:-

The insurance industry can confuse customers and itself with the titles it
gives to types of policy within the wider definition of personal accident
Insurance.

There is a thin dividing line between personal accident and income

protection policies.
Simple personal accident policies only pay a cash sum following an
accident where you are injured
Simple income protection policies pay when you are off work
following an accident
Where they merge is when an income protection policy also includes
illness, and a personal accident policy includes sickness and/ or pays
monthly benefits rather than a cash sum.
We regard policies which cover an accident and sickness/ illness by
paying a cash sum as Personal Accident
We regard policies which cover accident and illness by paying a
monthly benefit as Income Protection.
But it is not always clear-cut so we suggest you read both sections

Policies to protect mortgages, loans or credit card debts are frequently

called Accident Sickness Unemployment (ASU) policies; these are not
Personal Accident plans, but Income Protection ones.
Insurers themselves often confuse you by using vague product names like "
Protection " which can include income protection, critical illness, life,
personal accident and other products. - or a flashy name which gives no
indication of what it covers.
There are three main ways to partially or wholly protect you against the
costs of long term care.
On some products, you only get money if you qualify as needing care.
On some products, you get money anyway, but there is some help in
arranging care if needed.
On investment and Equity Release products, you choose whether or
not to use the proceeds on care.

The products do not always fit neatly into one or other category.
Increasingly, we see products, which offer a range of options now, and in
the future.

How much does it cost?

The cost of a personal accident insurance plan depends on:- Width of cover
How much you want to receive.
If any benefits are income rather than cash, for how long the benefit
is paid
Extra options bought

Then there are factors personal to you, which affect the price of personal
accident insurance

Age- premiums can rise with age

Sex - women tend to pay more
Occupation; a manual job will be more of a risk than an office or
shop worker
Activity what activities you do
Health history ;of you, and sometimes of your family too
How many people are covered

Not all insurers have the same views on the above factors. Although there
are sex discrimination laws, these do not apply to insurance pricing.

Typical exclusions and limitations :This first main exclusion is not usually listed in insurance policies as
insurers think it obvious. If you have an accident, you can only claim if you
have a physical injury.
The policy will not pay for a car, property, and animals, damaged or lost. A
policy will not pay for inconvenience, lost work, injured pride or anything
else like that.

There are common exclusions on most personal accident plans, including

Disability due to, or caused by HIV/AIDS
Normal pregnancy and childbirth
War
Self-inflicted injury- including actual or attempted suicide
Criminal acts
Misuse of alcohol or drugs
Failure to follow medical advice
Residing outside the UK
Taking part in any dangerous or hazardous work, activity, sport or
hobby
Driving with more alcohol than is allowed by law
Motorcycling
Engaging in military duty

Many policies limit accidents to those within the UK. Many policies have
age limits.

How to buy Personal Accident Insurance:-

Available with almost all general insurance companies

Available without any medical tests of any kind

 Amount of insurance is restricted and is linked to the annual income

of the person
Salaried people have to provide their salary slip and others are
expected to provide their income tax returns by the help of which the
insurance company can decide the amount of insurance cover to give
In most of the companies there is also a provision of a cumulative
bonus for every claim free year.

Accident insurance is the cheapest and smartest way of filling the insurance
gap especially for the young who are aware of the importance of insurance
and whose salaries are still not very high.

What to do in case of Car Accident?

Car accident insurance claims begin with road traffic accident. Car
accident is a road traffic incident which usually involves one road
vehicle colliding with either another vehicle or a road user and which
may result in injury or property damage, or possibly death. Accident
can be of different nature, like for cars it can be due to collision or
non collision.
Accidents can be very stressful and lead you to trauma. There is the
fear about what impact the accident will have on your driving record
and insurance. Such thoughts can make it hard to think clearly and
respond properly. And if there are injuries, the stress can be
amplified. But that's when a clear head and quick action are really

crucial. First calm down, call for the police and seek advice from a
solicitor, they usually offer good advice when approached by the
affected party. There are different types of accident claims like the
claims that can be made for road accident. The following are the
checklist to be kept in mind when preparing to file road accident
claim:
1. It is best to record and make a note of all the information that you
can observe at the place where the accident took place. A keen
observation will help you when making the claim. Give all the minute
details when you are making the accident claim.

2. Make note of witnesses if there are any. It is helpful to collect the

addresses and phone numbers of those who witnessed the accident,
such eye witnesses can throw light on the cause of the accident.

3. Take the pictures of the place where the accident took place. Pictures
of the accident site will always add weight to the claim. It will prove
that you are right and the accident is a result of the negligence of the
other party.

4. If you are injured in the accident the nature of the injury has to be
recorded.

5. If the police personnel are available in the accident site it is

important to collect the case number from them, if a case is
registered. Also the insurance details of the other party have to be
noted.

6. Calm down and go to the hospital after the accident to get treated
and get the doctor's opinion about the nature of the injury.

7. Keep track of all the expenses that you have incurred as a result of
the accident.

8. Another important advice on accident claims is the time frame to be

kept in mind. The victim has to file the claim within a stipulated time
period. Call your insurer or the agent to find more about claim
procedure.

Just relax and take some time to file your claim. However it is
advisable to watch out the level of loss. If the loss is on the higher side
file the claim, but if it is nominal and almost close to the excess you
need to pay, then avoid claiming to avail discounts your company will
offer in the renewal.

Personal Accident Health Insurance Policy:The increase in rate of accidents while travelling by road, rail or air makes
it imperative that you insure yourself against such mishaps. A Personal
Accident Health Insurance will cover up for losses resulting from accidents
which may occur anytime.

The Apollo Munich Health (a joint venture between Apollo Hospitals

Group and Munich Health top private health insurer world-wide), offers
you the Individual Personal Accident Plan. By purchasing this Personal
Accident Policy, you can save yourself and your family the financial

hardships that unforeseen accidents entail. It covers the insured member or

his/her family member (includes spouse and dependent parents and
children) and comes in a package with benefits like family transportation,
transport of imported medicines, purchase of blood, modification of
residence and vehicle. The Apollo Munich Health will be your friend in
such times of crisis.

This policy is issued for a period of one year and covers persons in the age
group of 5 years to 70 years. A child below 5 years can be covered by the
Personal Accident Insurance Policy from the 91st day of birth, provided
both parents are insured. The Personal Accident Insurance benefits are as
follows:

Get a lump sum payment in the event of death due to accident.

In case of accidental death or total/partial disability arising from an

accident, get 50% of sum insured per dependent child (maximum of two
children) for his/her education.

Under accidental death or partial/total disablement claim, get

reimbursement of expenses incurred in transporting one immediate family
member to the hospital.

Get a weekly allowance in case of total or partial disability resulting

from an accident.

Get your medical expenses reimbursed for in-patient treatment in a

hospital.

Get a lump sum payment in the event of fracture of bone due to

accident as per the scale.

Personal Accident Insurance Product Summary:Accidents happen anytime, anywhere. So why not seek the peace of mind
by purchasing a Personal Accident insurance policy from NTUC Income?

Special features of the policy are:-

Worldwide cover 24 hours protection against sudden, unforeseen

events.
Provides coverage for commercial airline crews, full time national
servicemen, firemen, policemen, regular national servicemen, prison
wardens, steermen, armed security guards, carpenters and
woodworking machinists.
No medical examination required.

Comprehensive benefits at very attractive rates

Benefits
Accidental Death

 Permanent Disablement (PD)

Accidental Medical Expenses
Additional Accidental Death Benefit for Public Conveyanc
Weekly Cash Benefit
Daily Hospitalisation Income
Emergency Evacuation & Repatriation

Free Extension cover: Full terrorism *

Riot, strike, civil commotion, hijack, murder, and assault
Disappearance*
Exposure*
Food poisoning*
Suffocation*

General Exclusion:The policy generally excludes:

pre-existing physical or mental defects, pregnancy, suicide, HIV or

HIV related illness
war risks
motorcycling

 climbing or mountaineering necessitating ropes or guides, and other

hazardous sports or activities.

CONCLUSION

Accident Insurance should taken by every person or

individual who possess a vehicle so that he can be insured
form the risk raises by accident taken place .Accident
insurance provides a cash cover to a policyholder when
he/she suffers injuries as a result of an accident. While
insurance helps a policyholder pay off hospital and
medical bills in case of accident injuries, it provides cash
benefits to family members if the policyholder dies in the
accident. This insurance applicable 24 hours a day, 365
days a year, is also commonly referred to as personal
accident insurance.

BIBLOGRAPHY
http://www.economywatch.com/insurance/accident/
http://www.royalsundaram.in/accident-shield/accidentshield-plan-premium.aspx
http://www.income.com.sg/insurance/pa/
http://www.independentcourt.org/importance-of-accidentinsurance-in-a-modern-life.html
http://www.apollomunichinsurance.com/accident-healthinsurance/personal-accident-insurance.aspx
http://www.jagoinvestor.com/2011/12/accidental-insurancepolicies-in-india.html
http://www.policybazaar.com/knowledge-base/carinsurance/accident-dos.html
http://causingaccidents.com/accident-insurance-types/

http://www.privatehealth.co.uk/healthinsurance/personalaccident-insurance/guide/overview/
http://www.privatehealth.co.uk/healthinsurance/personalaccident-insurance/guide/typical-exclusions/