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Journey of life is full of uncertainties. Personal Accident Insurance provides protection against unforeseen incidents such as accidents and mishaps. Personal Accident Insurance provides lump sum benefits in case of death or disability due to an accident by external means. Also It also covers the cost of medical expense as a result injury or hospitalisation incurred by an insured due to an accident. In case of accidental death the nominee will get the principal amount as compensation under personal accident insurance. 10% of sum insured is given to the insured in case of partial disability. Additional Benefits Educational grant and higher education expenses are given to the children of the policy holder in case of accidental death. Few personal accident policies also bears the expenses incurred in preparation for burial and cremation. Due to an unfortunate incident the body of the insured needs to be shipped to place of his or her residence and the cost of shipment is borne by the personal accident insurance policy. Cash benefits coverage is provided for hospitalisation expenses due to an accident or sickness. Medical bills reimbursement due to injuries whether hospitalised or not, are covered in personal accident insurance. Group accident insurance is a group cover provided by an employer when his employee needs to travel on work and meets with accident. What is not covered by Personal Accident Insurance? The claim will be rejected if the accident is caused under influence of alcohol or drugs. A self-inflicting injury or reckless driving causing accident by the insured will not be covered by insurance policy. Death due to suicide or injury due to an attempted suicide is excluded. If an insured engages in dangerous sporting activity and suffer injury, are not covered by the personal accident insurance. If a person has been found engaged in criminal activity and had suffered injuries, such injuries or death is not covered. Personal accident insurance provider takes medical opinion about disability whether it is due to an accident or is effects of an existing disability. If that it’s an existing disability, the insurance company rejects the claim immediately. By taking cover of an accident insurance policy at least the worry of how related expenses will be met, can be avoided. Such mental relief will surely help with better physical recuperation. A claim can be rejected if the documents and paper are forged, inaccurate or incomplete by an online insurance company. To get a prompt claim settlement, inform the insurance company about the incident as soon as the accident occurs. For more information visit: Personal Accident Insurance and Online Insurance.
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