About Accidental Insurance
Accidental insurance in India is a type of insurance policy that provides coverage to individuals in the event of an accidental injury or death. Accidental insurance policies in India are designed to provide financial support to individuals and their families in the event of an accident that results in disability or death.
Accidental insurance policies in India offer coverage against accidental death, permanent total disability, and permanent partial disability. The sum assured for accidental insurance policies in India is usually a fixed amount and is payable to the policyholder or the nominee in the event of a claim.
Some common features of accidental insurance policies in India include:
- 1. Accidental Death Benefit: This is the amount payable to the nominee or beneficiary of the policy in the event of the death of the policyholder due to an accident.
- 2. Permanent Total Disability Benefit: This is the amount payable to the policyholder in the event of permanent total disability caused due to an accident.
- 3. Permanent Partial Disability Benefit: This is the amount payable to the policyholder in the event of permanent partial disability caused due to an accident.
- 4. Hospitalization Benefit: This is an add-on cover that provides coverage for hospitalization expenses incurred due to an accidental injury.
The premium for accidental insurance policies in India is based on factors such as the age, occupation, and lifestyle of the policyholder. It is important to compare the coverage and premiums of different accidental insurance policies in India to select the policy that best meets your needs and budget.
In addition to the standard features mentioned above, some accidental insurance policies in India also offer add-on covers such as coverage for medical expenses, coverage for temporary total disability, and coverage for transportation expenses. It is important to read the policy documents carefully to understand the coverage and exclusions of the policy before purchasing it.