Personal Accident Insurance policy covers you not only against accidental death and Permanent Total Disablement or PTD, but also against terrorism and various acts of terrorism. In India, there are various companies that offer personal accident insurance to people young or old, men or women. Personal Accident Insurance policy will enable you to stay safe and relaxed at times of danger or mishaps.
You can choose from any 4 options of Personal Accident Insurance policy of Rs. 3 Lakhs, 5 Lakhs, 10 Lakhs or 20 Lakhs with a choice of cover period of 3, 4 or 5 years. Personal Accident policy covers you against terrorism and acts of terrorism. In case of the death of the insured has taken place out of terrorism or acts of terrorism within the policy period, the nominee will be compensated with the sum insured.
The concerned insurance company shall also pay compensation against permanent and total loss of limbs, and sight, arising out of terrorism or acts of terrorism. In case of an accidental death of the insured within the policy period, the nominee, as mentioned in the policy is compensated with the sum that is insured.
Personal Accident Insurance policy also covers Permanent Total Disablement (PTD). In other words, personal accident pays compensation against the permanent and total loss of limbs, sight or any fracture due to an accident.
Personal Accident Insurance policy also covers death or disablement due to accidents caused by external violent and visible means such as fire, drowning, snake bite, road or rail accidents, electrocution, and attack by wild animals. Sterilization risk is also covered in this type of insurance.
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