Use our Portfolio Manager
 to generate:

    - Insurance Chart
    - Cash Flow Chart
    - Premium Calendar

  Insurance Counsellor
  Calculators
   Log in

   Need for Insurance
  Insurance & Tax
  Retirement Planning
  Insurance as Investment

Home / Health / FAQs

Personal Accident FAQs

What insurance policies are available in India for accidental cover ?

In India, Personal accident (individual/group), Janata personal accident and Gramin personal accident policies are available for accidental risks. Certain other policies like Motor vehicle policy, Videsh Yatra policy grant an add-on cover against personal accidents.

| Back | Top |

Are there any other personal accident policies ?

There are other accident policies for specified groups like students - Shishu Suraksha Policy, Bhagyashree for girl-children, Raj Rajeshwari for women and NRI Personal Accident policy for NRIs, etc.

| Back | Top |

What is the difference between Personal Accident, Janta Personal Accident and Group Personal Accident policies ?

Janta Personal Accident and Group Personal Accident policies are fixed sum insured policies whereas Personal Accident insurance is a variable Sum Insured policy which is based on income and other parameters like occupation of the person to be insured.

Under Janta Personal Accident and Gramin Personal Accident insurance, the benefits available are fixed whereas under Personal Accident, the same can be selected from different tables of covers.

| Back | Top |

Are Personal Accident (PA), Janta PA and Group PA long term policies ?

All the policies mentioned above are annual policies but the Janta PA is available for longer periods up to 5 years.

| Back | Top |

What is the scope of cover under Personal Accident policy ?

The personal accident policy covers death, permanent total and partial disablement and temporary total disablement as selected by the client. The policy also offers cover in case of accidental death - the reimbursement of funeral expenses. It can also be extended to cover medical expenses arising out of accident up to 20 percent of the claim amount subject to maximum of 10 percent of the amount of insurance.

| Back | Top |

What is permanent total/partial and temporary disablement?

When an individual person is unable to do any duties for rest of his life, he is permanently disabled.

When a person loses a part of limb or hearing etc. it is permanent partial disablement.

Temporary total disablement arises when a person is confined to bed for a temporary period and is indisposed to attend to his duties for that period.

| Back | Top |

What are the parameters for granting the cover under Personal Accident Policy ?

Occupation, income, age and general health are the main parameters for granting Personal Accident cover. Insurance cover is granted up to 3 years to 5 years annual income of the person.

| Back | Top |

Can non-earning people take Personal Accident insurance ?

Non-earning members can also take Personal Accident insurance but for a smaller amount like Rs.50,000/- for the spouse and Rs.25,000/- for the children.

| Back | Top |

Is there any income tax benefit for premium paid under Personal Accident insurance ?

There is NO income tax benefit available against premium paid for Personal Accident insurance.

More Health FAQs 1 2

Other Categories

| Back | Top | Home |