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24 hour cover under Personal Accident policies

 

24 hour cover under Personal Accident policies

 

Personal Accident Cover is a 24 hour cover as it is a life cover and unexpected accidents can happen in one’s life.  Personal Accident Insurance covers such unforeseen events.

PERSONAL ACCIDENT INSURANCE(Individual)  covers death, disablement ,bodily injuries to the Insured resulting solely and directly from accident caused by external violent & visible means within 12 months of its occurrence. Accident may include events like Rail/Road/ Air accidents, Injury due to any violent collision/fall, Snakebite, Burn Injury, Drowning, Poisoning etc.

COVERAGE:

Table I:  Death cover

Table II:  Death and Permanent Total Disablement

Table III: Death Disablement & Temporary Total Disablement

A typical personal accident policy provides a 24-hour worldwide coverage and it is normally assumed to be a 24 hour cover. However there are variations to this.

PA ON Duty Cover

Employee is covered only when the accident happens while he is on duty. Cover restricted to time and only when on duty.

PA Cover in course of employment

Employee is covered only when the accident happens while he is on duty and during the course of employment.

PA Cover in Motor Policy

This covers Death, Accidental injuries to owner and driver car due to car accident. Cover while in two wheeler also due vehicle accident.

PA Cover in Bharat Griha Raksha Policy

If the insured peril cause damage to your Home Building and/or Contents and also results in the death of either the policyholder or his spouse, a compensation of ₹ 5 Lakh (Rupees Five Lakh) per person would be payable.

 

CONCLUSION:

Examining the exact cover, Terms & conditions and choosing the right cover to suit individual or Organization’s needs is the best approach while purchasing Personal Accident Insurance.

We at Zen Insurance assist in choosing your Insurance Program wisely, you may contact us for assistance.

 

Disclaimer:   

Zen Insurance is an IRDAI registered broker which facilitates quick & accurate insurance broking services. We deal with only regulator approved products of insurers. We do not underwrite the products.

 

 

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