Health Insurance 333 views April 1, 2021

An accident can cause bodily injuries, partial, permanent or total disability, or even death. So, if you face an accident and any of these eventualities occur, you can at least be financially protected provided you have a Personal Accident Cover. Insurance companies provide Personal Accident Cover to protect your finances from any such unforeseen situations arising from an accident. A personal accident cover provides financial compensation to the insured person or his/her family in case of any disability or death caused directly or indirectly due to an accident.

A personal accident cover will also provide coverage against the expenses incurred on hospitalization due to an accident. If you are looking to get some information about the personal accident cover, this article could provide you the same. Here, we will be discussing  personal accident coverages, top personal accident cover plans, etc. So, without any further delay, let’s start!

Personal Accident Coverages

The coverage differs based on the eventualities that arise due to an accident. You can check the coverage for different eventualities in the table below.

EventualitiesCoverages
Accidental DeathThe entire sum assured is paid to the nominee in case of death due to an accident. (The sum assured will vary from one plan to another)
Permanent Total DisabilityIn case an accident results in permanent total disability such as loss of legs or limbs, a specific percentage of the sum insured will be paid to the insured person.
Permanent Partial DisabilityA certain percentage of the sum insured (up to 100% ) will be given to the policyholder. The payout will also depend on the severity of the disability.
Temporary Total DisabilityWeekly compensation will be provided to the policyholder in case of a permanent total disability due to an accident.

Top Personal Accident Cover Plans

Now that you have sufficient information about the personal accident cover and its coverage benefits, you would want to know about top plans to get the same. So, take a look at the table below to know the same.

Star Accident Care Insurance Plan

Features:

  1. Up to 100% of the sum insured in case of accidental death
  2. Up to 150% of the sum insured in case of permanent disability
  3. Education grant to children up to INR 20,000
  4. Ambulance charges up to INR 5,000
  5. Purchase of blood up to 5% of the sum insured
  6. 10% discount on the total premium amount if the family is covered
  7. Hospital Cash of INR 1,000 per day

Sum Insured: Up to INR 15 lakh

Minimum Premium Amount: INR 254 per year

Max Bupa Accident Care

Features:

  1. Up to 100% of the sum insured in case of accidental death
  2. Up to 125% of the sum insured in case of permanent disability
  3. Up to 100% of the sum insured in case of permanent partial disability
  4. Child education benefit – Get 5% of the sum insured or INR 50,000/ INR 500,000 for each child’s education
  5. Funeral expenses up to INR 50,000

Sum Insured: Up to INR 2 crore

Minimum Premium Amount: INR 6,444 per year

Aditya Birla Activ Secure Plan

Features:

  1. Up to 100% of the sum insured in case of accidental death and permanent total disablement
  2. Education Benefit as a one-time lump sum payment of 10% of sum insured
  3. Emergency road ambulance cover up to INR 10,000
  4. Funeral expenses up to 1% of the sum insured (maximum up to INR 50,000 towards funeral or cremation expenses)

Sum Insured: Up to INR 10 crore

Minimum Premium Amount: As specified by the insurer

Bajaj Allianz Personal Accident Plan

Features:

  1. Up to 100% of the sum insured in case of an accidental death
  2. Higher compensation of 125% of the sum insured in case of permanent total disability
  3. 1% of the sum insured or INR 5,000 per week in case of temporary total disability
  4. Children’s education bonus as a one-time payment of INR 5,000
  5. Hospital Confinement Allowance as INR 1,000 per day up to 30 days per policy period

Sum Insured: Up to INR 25 lakh

Minimum Premium Amount: INR 1,300 per year

Future Generali Personal Accident Insurance

Features:

  1. Family Discount of 10% in case more than one person is covered under the plan
  2. Claim settlement within 14 working days
  3. Up to 24 times the monthly income in case of the Temporary total disablement
  4. Funeral expenses and repatriation benefit up to a maximum of 1% of the accidental death sum insured (a maximum of INR 12,500)

Sum Insured: Up to 144 times of an individual’s monthly income

Minimum Premium Amount: As specified by the insurer

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