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What
are the risks covered under Personal Accident Insurance?
A Personal Accident policy provides
insurance cover against the following perils with an option available
with the insured to take cover for either or all of the risks:
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Transportation related accident
(rail, road, sea & air)
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Accidental fall due to slipping/
collision
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Accidental burn injuries, drowning,
poisoning
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Snake bite, dog bite, frost bite
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Injuries sustained in a or during
any other sporting event playground
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Accidental injuries sustained while
undertaking trekking, mountaineering or any adventure sports
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Accidental injuries sustained in
the construction sites, offices.
The policy provides for a table comprising 6 classes of benefits
categorised under three heads that are death, permanent disablement
and temporary disablement. An individual has the option of taking
cover for either of the following combination of benefits:
Death Only
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Death & Permanent Disablement
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Death, Permanent Disablement &
Temporary Total Disablement
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Death & Permanent Total Disablement
The Capital sum insured represents the
maximum amount of monetary benefit the insured can have under
the policy. The sum insured is fixed on the basis of certain criteria
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Benefit no.1 only: Maximum 120 months
salary/ income of the insured.
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Benefit no.1 to 6: Maximum 60 months
salary/ income of the insured.
The percentages of benefits for the
permanent disablement of various parts of the body have been fixed
based on the utility of that particular part of the body.
"Temporary Disablement" means the period for
which the insured is unable to attend to his normal duties and
is confined to bed on a medical practitioner's advice as a direct
result of accidental injuries sustained on account of physical,
violent means.
Compensation Payable
Compensation is payable to the extent of 1 percent of the capital
sum insured subject to a maximum of Rs.5000/- per week up to a
maximum period of 104 weeks or the capital sum insured whichever
is less.
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