Personal accident policies
Personal accident (PA) insurance in India is a fixed-benefit policy that provides financial compensation in the event of accidental death, bodily injury, or disability. Unlike standard health insurance, which reimburses actual hospital expenses, PA plans typically pay out a lump sum based on the severity of the incident.
Core Coverage Areas
Personal Accident Policies provide financial protection against accidental death, disability, and temporary loss of income caused by unforeseen accidents.
Accidental Death
100% of the sum insured is paid to the nominee.
Permanent Total Disability (PTD)
Covers lifelong impairments like loss of both limbs or eyesight, usually paying 100–125% of the sum insured.
Permanent Partial Disability (PPD)
Pays a fixed percentage (e.g., 2%–75%) for permanent but partial loss, such as losing a finger or hearing in one ear.
Temporary Total Disability (TTD)
Provides a weekly allowance (often up to ₹25,000 for max 100 weeks) if the insured is bedridden and unable to work temporarily.
Financial Protection When It Matters Most
A Personal Accident Policy helps protect you and your family against the financial consequences of accidental death or disability, ensuring continued financial support during unexpected situations.
Common Add-on Benefits
Enhance your Personal Accident Policy with optional benefits that provide additional financial assistance and practical support during unforeseen situations.
Children’s Education Grant
A lump sum to support the education of dependent children if the policyholder dies or is permanently disabled.
Loan Protector
Funds to help repay outstanding loans in the event of death or PTD.
Family Transportation
Reimburses travel costs for immediate family to reach the hospital where the insured is admitted.
Modification Benefit
Covers costs for altering a vehicle or home to accommodate a permanent disability.
Extended Protection Beyond Basic Coverage
Optional add-on benefits strengthen your Personal Accident Policy by offering extra financial security for your family, outstanding liabilities, transportation needs, and lifestyle adjustments after a serious accident.
Leading Plans & Insurers (2026)
Explore popular Personal Accident plans available in India along with important policy highlights to help you make an informed decision.
Available Plans
For detailed information on specific plans like Niva Bupa Personal Accident, Care Secure, HDFC ERGO Individual PA, Aditya Birla Activ Secure, and Star Accident Care Individual, including their entry ages and sum insured ranges, please refer to policybazaar.com.
Policy Exclusions
Policies typically exclude incidents like natural death, illness, suicide, substance influence, hazardous sports, and participation in illegal activities, riots, or war.
Important Information
PA plans generally offer immediate coverage with no waiting period. Premiums may qualify for tax benefits under Section 80D, and it is often recommended to select a sum insured equal to 100 times your monthly income.
Choose Coverage That Matches Your Financial Needs
Selecting an appropriate sum insured and understanding policy features, exclusions, waiting periods, and available tax benefits can help ensure better financial protection for you and your family in case of accidental events.