The trending modern life of everyone makes them more prone to accidents since someone is right behind your car when you are driving on a highway. You never know what happens in the next moment. Suppose the person driving the car right before you suddenly hit the brakes but you failed to do so and rear-ended it. This is where car insurance as well as personal accident insurance comes into play. Although car insurance includes personal accident for the owner-driver, buying a personal accident insurance for self is prudent. The busy streets of any large city in India whether it is Nariman Point in Mumbai or the winding lanes of Chandni Chowk, New Delhi, or Rashbehari Avenue of Kolkata is bound to have multiple opportunities for drivers who have no clue regarding how to drive. While driving on the busy roads of Delhi-NCR, you are likely to hit someone’s car or hit by someone else’s car. On the balance of probability, it is highly likely that you are going to be part of a fender-bender experience in the first few months of purchasing a car. Your car insurance policy, though, covers expenses arising from all such events. However, you must be driving carefully on the jam-packed roads of Gurgaon/Delhi-NCR. Isn’t it all true that we mentioned above?Well, people have different experiences and they pretty well know how to deal with such situations. It’s true indeed that the jam-packed roads of metro cities are not safe to drive when you are new to it. It is always advised to start when you have a valid car insurance and accidental insurance in India. Since you cannot be sure about what is going to happen with you on the roads, you should always keep it on the safe side to avoid any unforeseen events. What is a personal accident insurance policy?A personal accident insurance policy covers you (the policyholder) against the accidental events. This policy safeguards you against the personal accident resulting in total or partial disability. Your insurer is liable to bear all the expenses arising out of the incident. However, in case the insured dies due to a disease or illness, the policy does not cover it. What do we call an accident? As per IRDA guidelines, we define an accident as “an unforeseen event caused by a visible, external means.” Thus, there is no specific definition of a personal accident. However, some personal accident insurance policies read external means as “visible, external and violent means.” Generally, an accidental event causes injuries of some kind where we define an injury as “a physical or bodily harm caused by some violent, external and visible means, which is evidently verified by a doctor.” Any pre-existing medically verifies injuries are not covered by your personal accident insurance policy even the best personal accident insurance in India, which happened by some natural or external means prior to the accident. What is covered: The InclusionsEven though the coverage offered by health insurance plans differs from policy to policy, the following are four major parts of the coverage offered by the accidental insurance policy in India:
While purchasing personal accident insurance for self or your spouse, make sure you read the offer documents carefully. The following scenario depicts the benefit you can avail in the event of a personal accident: Suppose you meet an accident that leads to severe injuries and later turns out in total permanent disability. As the benefits of the policy, you are eligible for getting 100 percent of the sum assured. In contrast, if you get severely injured and it turns out in partial permanent disability, then you are eligible for getting 50 percent of the sum assured.
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