Life is uncertain & immeasurable. Accidents & uneventful incidents never ring a warning bell
before they strike. Road mishaps, accidents have gone up tremendously & the victims along
with their families suffer the consequences of the such unfortunate situation. Alarming
statistics report about 1214 road related death that occur in India every year; this should
be an eye opener on the perils an individual is exposed daily.
Moderate premiumsWhile minor accidents can cause temporary hurdles, major ones can lead to
disability for life or even demise. With a view to providing certain relief, insurance
companies have devised various policies that serve as true life savers when met with an
Advantages of Personal Accident Policy:-
Give yourself a minute to think about what will happen to your dependents if you were
disabled because of an accident? There will be no monthly income, no cash inflows but
expenses will continue to rise. In such case, an accident insurance policy will help you
bring these expenses under control.
Additional advantages are:
Substantial coverage offered with low premium
Double indemnity for disability for mishaps occurred while traveling in public transport
Easy claim process
Highly customized plan available
World wide coverage
Can be bought for individual & family
Child education advantage
No requirement of medical tests & documentation
What does the policy cover?
Accidental death: coverage gives compensation on the policyholder's death caused
by bodily injury resulting out of an accident. The nominee will receive entire sum assured
offered by the insurer.
Permanent or Total Disability:
If the accident causes permanent or total disability, then 100% of the sum insured is
payable to the policyholder.
If policyholder's body part has been dismembered or severed in the accident then the person
can claim the sum insured.
Funeral expenses can be claimed in case of accidental death. Expenses incurred for
transportation of policyholder's dead body from the accident spot to the residence place is
covered. Daily Hospitalization Expenses:
Monetary relief offered to the patient on daily basis on hospitalization.
A certain amount of the policy sum is payable, when an accident results in hospitalization &
the victim is being treated for burn injuries.
Some policies may offer bonuses to the dependent kids of the policyholder. This becomes
helpful in case of the death of the policyholder or extension of treatment period.
Some Facts Of The Grim Picture Of Road Related Incidents:
About 50 % of road mishaps are of motorized vehicles, cyclists & pedestrians
Its reported that more than 50 million people are injured in road accidents & most of
these accidents result in permanent or temporary disability
As per a report from WHO (World Health Organization), road related accidents cause over
1.24 million fatalities worldwide with over 90% occurring in low & middle income
According to other reports, road accidents are to become 5th leading cause of death
worldwide by 2030
India witnesses around 145000 road accidents in a year. That makes about 207 deaths per