Personal Accident Insurance: Let Nothing Hinder Your Health and Your Family’s Comfort


Personal Accident Insurance: Let Nothing Hinder Your Health and Your Family’s Comfort

Road accidents and accidental death are on the rise in India. As many as 1214 accidents occur in India each day, and being proactive about the situation is needed to take care of yourself and your family. These insurance policies are targeted for people whose occupation or line of work requires them to travel a lot apart from a few explicit exclusions.

 
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Personal Accident Insurance: Let Nothing Hinder Your Health and Your Family’s Comfort

Road accidents and accidental death are on the rise in India. As many as 1214 accidents occur in India each day, and being proactive about the situation is needed to take care of yourself and your family. These insurance policies are targeted for people whose occupation or line of work requires them to travel a lot apart from a few explicit exclusions.

Accidents are tragic and leave us with no cover from the array of problems that arise mentally and financially. The nature of accidents cannot be assumed, so it is always best to be on the safer side and have good personal accident cover that will take care of you and your family while you concentrate on getting better. Religare’s personal accident insurance has been rated to be one of the best accident covers in the industry. In case of unforeseen mishaps or accidents, we make sure that you and your family are covered and do not have to take stresses over financial expenses.

What Benefits does Religare’s Secure Personal Accident Insurance Policy Give?

Versatile Cover: Religare has three different plans under personal accident insurance. You can choose a cover of Rs. 10 lakhs up to Rs. 50 lakhs, depending on the plan you pick.

Death and Disablement: The insurance gives the nominee the entire sum insured upon accidental death of the person insured and a percentage of the sum insured in case of disablement.

Mobility Cover: In case a temporary disablement is caused due to the accident, you will receive a certain amount per week for the expenses covered during this time, depending on the policy you pick. The policy also covers expenses incurred on prosthetics, wheelchairs, and other aids for mobility up to a cap limit of Rs. 15,000 or 25,000 for Secure 2 and 3 plans.

Children’s Education: For higher premium plans, we also cover your children’s education expenses up to 10% of the sum insured if the accident affects your employment. This allows you to concentrate on your recovery instead of worrying about your child’s school fees.

Fractures and Major Diagnostic tests: The policy also covers expenses incurred to treat fractures from Rs. 50,000 up to Rs. 200,000. If any diagnostic tests are required, the expenses incurred can be reimbursed up to Rs. 15,000 – 25,000.

Burns: According to the nature of the burns and the policy amount, the amount incurred on treating burns is covered under the policy up to Rs. 20,00,000.

Nursing Care: If the doctor gives in writing that the patient requires nursing care after being discharged, the policy shall reimburse all of the expenses for this to the policyholder.

Reconstructive Surgery: In extreme cases where reconstructive surgeries are required, and this surgery takes place within 30 days of the accident, the expenses for the surgery shall be reimbursed by the insurance company.

Add-Ons: If there is accidental hospitalisation, you can also get your expenses reimbursed if you take this option as an add-on to your policy.

Disappearance: If the accident leaves the person missing for more than a year and there is a reasonable belief that the person missing is dead, the full sum insured shall be surrendered to the nominee.

LoyaltyBonus: In case you renew your policy, Religare adds 5% to the sum assured for the next year as a sign of good faith and does so up to a maximum of 50% of the original sum is added.

Frequently Asked Questions on Personal Accident Insurance

Some of the most asked questions regarding Personal Accident Policies are mentioned below.

How do I decide What Personal Accident Insurance Policy I Need?s

Depending upon your monthly income and how prone you are to accidents, you need to gauge what personal accident policy would suit you the best. Risks are much higher for field workers like engineers, contractors, journalists, and other professionals who require frequent travelling compared to accountants or software engineers who are desk workers. The best way to know what policy is best for you to pick one that ensures a sum that’s about 100 times your monthly income.

What is the Minimum Age to Get a Personal Accident Cover?

The policyholder must be at least 3 years old. The maximum age limit for children is 24 years and adults is 70 years old.

What are the Exclusions Under Personal Accident Insurance?

If you are in the army, navy, air force, part of the cabin crew, or a pilot, you are not eligible for this insurance policy. Cases of intentional self-inflicted injury, suicide or attempted suicide, sexually transmitted conditions, mental or nervous conditions, insanity, disorder, anxiety, stress, or depression are also not covered under the policy. People working in underground mines, explosives, press, activities like racing on wheels or horseback, winter sports, canoeing involving white water rapids, any bodily contact sport are also not covered by this policy.

If There’s an Accident on a Flight or Train, Will the Policy Accept my Claim?

Common Carrier Mishaps are not applicable in this policy. But if you have a policy of a sum insured of Rs. 50 lakhs, even common carrier mishaps and death is covered wherein the sum insured will go to the nominee.

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