Personal Accident Insurance

Financial protection against accidental death, disability, and medical expenses. Essential coverage for personal safety.

Personal Accident Insurance (PA) is a non-life insurance policy that provides financial compensation in the event of accidental bodily injury, disability, or death.Unlike standard health insurance (which covers illness and accident hospitalization) or life insurance (which covers death from any cause), PA insurance focuses specifically on the consequences of a sudden, unforeseen, and violent external event (an accident). The payment is typically a fixed sum or a percentage of the Sum Insured, paid as a lump sum.

Key Coverage Areas

Personal Accident Insurance provides financial protection primarily for loss of income and the financial burden resulting from an accident.

The core coverage of a GPA policy focuses on paying a predetermined lump sum benefit for various outcomes stemming from an accident:

Accidental Death

100% of the Sum Insured is paid to the nominee.

Permanent Total Disability (PTD)

Pays 100% for the irreversible loss of function (like loss of two limbs or eyes).

Permanent Partial Disability (PPD)

Pays a percentage of the Sum Insured based on the severity of the loss.

Temporary Total Disability (TTD)

Offers a weekly payment to compensate for a temporary loss of income while the insured is unable to work due to an accidental injury.