Personal accident insurance provides compensation payable to the insured or designated beneficiaries in the event of accidental death or permanent disablement, together with medical reimbursement for injury treatment.
Standard Policy Benefits
- Accidental Death: Lump-sum payout (100% of sum insured) to beneficiaries.
- Permanent Total Disablement: Scale-based capital sum compensation for loss of limbs, sight, hearing, or permanent occupational incapacity.
- Weekly Income Replacement: Temporary total disablement weekly stipend for up to 104 weeks during convalescence.
- Medical Expenses: Direct reimbursement for hospitalization, doctor fees, surgery, and prescription medication resulting from an accident.
- Age Scope: Available to individuals and groups aged 15 to 65 years.