new Delhi: Every person keeps trying in many ways to stay safe during difficult times of life. For this, people take many types of policies. One of these is Personal Accident Insurance. It is a type of policy that helps in recovering from economic loss due to accidental disability or death. In this, due to accident, there is no lump sum of the body.
Personal accident insurance covers different accidents. From accidents to gas cylinder blast to electric shock, sliding to the bathroom, injuries caused while exercising in the gym, and from drowning to fire, all accidents are subject to personal accident.
Personal Accident Insurance Premium
Its premium depends on the cover, amount and job category of the person. The premium amount in high risk category jobs will be higher than those in jobs considered safe. It is up to you how much cover you want to take. Generally you should take 15-20 times cover of annual salary.
In this policy, disability is divided into different categories.
Be completely disabled
In this, serious injury to a person leads to long and complete loss of any important part of the body. This includes situations like losing both hands, losing both legs, complete blindness, loss of voice, losing mental state. In such a situation 100% of the Equality Insurance amount is paid.
This includes loss of one hand or one leg, loss of hearing, loss of light of one eye, loss of hand or toe, such as permanent loss of one part or part of the body. Under this, some percentage of the sum insured is paid.
When a person temporarily falls in bed after an accident, a weekly payment is made during the period of disability. Usually 1 percent of the sum assured is paid every week.
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Insurance claim: If you want to claim insurance easily, keep these things in mind