PERSONAL ACCIDENT INSURANCE

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Personal Accident Insurance

Personal Accident Insurance Policy gives complete financial protection against all accidental occurrences that might lead to death or bodily injury of the insured person. If the accident leads to the untimely death of the Insured, this Policy will provide complete financial security to the Insured's family members.

A Personal Accident Insurance policy covers :

1) Death

2) Permanent Disability

3) Permanent Partial Disability

4) Temporary Total Disability.

For Death and Permanent Disability - its pays you the total sum insured and for temporary disability it pays you a weekly compensation of around 1% of Sum Insured per week, for 100 weeks.

Frequently Asked Questions

Why should one purchase Individual Personal Accident insurance?

This policy provides financial support to policy holder in case of an accidental death or disability. The magnitude of mishap doesn’t matter, even a minor one like falling off a bicycle and breaking an arm or fracturing a leg while playing football are covered. It also compensates the insured for loss of income in case doctor asks the insured person to take a bed rest.

Is there a bonus for not having a claim in a year?

The policy carries a cumulative bonus of 5% for every claim free year subject to a maximum of 50% of the Accidental Death Sum Insured. In case a claim is made during a policy year, the cumulative bonus would reduce by 5% in the following year.
The cumulative bonus will be applicable for Accidental Death, Permanent Total Disablement and Permanent Partial Disablement Sum Insured only (Cumulative Bonus will reflect against the Accidental Death Benefit on the policy schedule).
There will be No transfer of Cumulative Bonus from other insurers.

Is there any discount if I buy a policy with a longer term or a policy with more members?

There is a family discount of 10% for purchase of policy of more than 1 member.
A 2-year policy term has a 7.5% discount. A 3-year policy has a 10% discount. These are cumulative in nature.
Example: If Mr. A and Mrs. A purchase a 2-year policy term they are provided with a 17.5% discount. If they purchase a 3-year policy term they are provided a 20% discount.

What makes this policy better than other personal accident policies in the market?

Apollo Munich's policy takes into account that personal accidents affect the family of the person involved in the accident just as much as his/her dependents. This policy is geared towards financial coverage for the whole family.
Safeguard yourself as well as your family’s future by purchasing this policy today.

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