Personal Accident Insurance

Personal accident insurance covers accidental death, permanent/partial/temporary disability, medical expenses arising from accidents, and hospitalization allowance. It does not cover illness or sickness — that is handled by health insurance.

Yes. Personal accident insurance covers accidents that occur at work, at home, during leisure, or while travelling — 24 hours a day, worldwide. Note: employers are separately required to carry workmen's compensation insurance.

No. Life insurance pays out for death from any cause (accident or natural). Personal accident insurance pays out only for accidental events and typically also includes disability and medical benefits not found in life insurance.

Standard plans typically cover common sports and recreational activities. Hazardous sports (skydiving, motor racing, mountaineering) are usually excluded but can be covered with a specific extension.

Yes. Group personal accident policies are widely used by employers as a cost-effective employee benefit, providing meaningful coverage for all staff at a fraction of the individual cost.

Permanent partial disability is calculated as a percentage of the capital sum insured, based on a standard "benefit schedule" defined in the policy — for example, loss of a hand might pay 50% of the sum insured.