In this article, we will know what is Accidental Insurance, how it works, what are its benefits.

**WHAT IS ACCIDENT 2022 ?**

An unfortunate incident that happens unexpectedly and unintentionally, typically resulting in damage or injury.

Accident as if you are walking on the road and someone hits you from behind then that is also called accident if you get into an accident with the car then that is also an accident if you fall from the roof of the house then that is also an accident in the bathroom If you fall, that is also an accident, that means all those things which cause you harm are accident.

**Types of accidental insurance :-**

**1. Individual personal accidental insurance.**

**2. Group person accidental insurance.**

Individual means any one person who takes insurance for himself, then he is individual, if 10-20 people take a policy together then it is group insurance but the work in them is almost the same.

**Major Factor in accidental insurance**

**1. Accidental death benifit**

**2. Permanent total disablement**

**3. Permanent partial disablement**

**4. Temporary total disablement**

**5. Hospitalization due to accident**

**1. Accidental death benifit :-**

A lumpsum sum insured amount will be payable on death due to accident. The total sum insured amount will be transferred to nominee’s bank account.

**2. Permanent total disablement :-**

A lumpsum sum insured amount or monthly payout will be payable on permanent total disablement due to accident.

[one_half]Loss of 2 limbs ( both hands or both feet or one hand and one foot[/one_half][one_half_last]100% of sum insured [/one_half_last]

[one_half]loss of a limb and an eye[/one_half][one_half_last]100% of sum insured[/one_half_last]

[one_half]Complete and irrecoverable loss of sight of both eyes[/one_half][one_half_last]100% of sum insured here[/one_half_last]

[one_half]Complete and irrecoverable loss of speech & hearing of both ears[/one_half][one_half_last]100% o sum insured [/one_half_last]

[one_half]Loss of a limb[/one_half][one_half_last]50% of sum insured [/one_half_last]

[one_half]Complete and irrecoverable loss of sight of an eye[/one_half][one_half_last] 50% of sum insured[/one_half_last]

**3. Permanent partial disablement :-**

A partial sum insured amount or monthly payout will be payable on permanent partial disablement due to an accident.

[one_half]Each arm at the shoulder joint[/one_half][one_half_last]70% of sum insured[/one_half_last]

[one_half]Each arm to a oint above elbow joint[/one_half][one_half_last]65% of sum insured[/one_half_last]

[one_half]Each arm below elbow joint[/one_half][one_half_last]50% of sum insured[/one_half_last]

[one_half]Each hand at the wrist[/one_half][one_half_last]50% o sum insured[/one_half_last]

[one_half]Each Thumb[/one_half][one_half_last]20% of sum insured [/one_half_last]

[one_half]Each eye[/one_half][one_half_last]50% of sum insured[/one_half_last]

[one_half]Hearing in each ear[/one_half][one_half_last]30% of sum insured[/one_half_last]

[one_half]Each leg above center of the femur[/one_half][one_half_last]70% of sum insured[/one_half_last]

**4. Temporary total disablement :-**

A partial sum insured amount on weekly basis will be payable on temporary total disablement due to an accident. Generally it’s 1% of sum insured and payable maximum 100 weeks. The total disablement is certified by a doctor.

**5. Hospitalization due to accident :-**

If you hospitalized due to an accident then hospital medical treatment charges will be payable as per plan you choose. It can be cashless or reimbursement basis. Minimum hospitalization required for 24 hours.

**Why you need a personal accident covery even though you have a term plan 2022-2023 ?**

We do not know what is going to happen tomorrow, we definitely want that nothing happens to our family after us and even after us, the family should get all the facilities which are being available now as you had planned while alive.

Was and it is happening because of term insurance, but suppose you have not died, you have had some serious accident and you are not in a position to do some work, then this term plan is very useful, so in today’s time Every person must have a term plan

**Advantages and Disadvantages of this policy**

1. It takes care of your family when you are not with your family

2. Its premium is also very low

1. They just provide death benefits, but no survival benefit.

2. When you take it then its premium is less but with increasing age the premium also increases

**7 best personal accident insurance plan 2022-2023 -:**

**1.** HDFC Ergo personal accident insurance policy

Entry age :- 18-70 years

Maximum sum insured :- Rs 15,00,000/-

Policy term :- 1 year

**2.** SBI General individual personal accident insurance policy

Entry age :-

Adults :- 18-65 years &

children :- 3 months – 23 years

Maximum sum insured :- Rs 1 crore

Policy term :- 1 year

**3.** ICICI Lombard personal protect policy

Entry age :- 18-65 years

Maximum sum insured :- Rs 25,00,000/-

**4.** Max bula personal accident care insurance policy

Entry age :- 18-65 years

Maximum sum insured :- Rs 2 crore

Policy term :- 1-3 years

**5.** Care secure personal accident insurance policy

Entry age :- 91 Days -70 years

Maximum sum insured :- Rs 50,00,000/-

Policy term :- 1-3 years

**6.** Future generali personal accident suraksha policy

Entry age :-

Adults :- 18-70 years & children :- 3-25 years

Maximum sum insured :- 144 times of monthly income

Policy term :- 1-3 years

**7.** Bajaj alliance personal guard policy

Entry age :-

Adults :- 18-65 years & children :- 5-21 years

Maximum sum insured :- Rs 25,00,000/-

Policy term :- 1 year

Inclusions & Exclusions

**INCLUSIONS :-**

Accidental death.

Total partial disability.

Accidental dismemberment.

Hospitalization misc expenses.

Child education coverage.

Life support benefit.

Ambulance charges.

Burns & broken bones.

Daily allowance in case of income loss terrorism attack.

**EXCLUSIONS :-**

Natural death.

Pre-existing disability / in jury / pregnancy /childbirth.

Self-interest juries / suicide.

Non-allopathic treatment.

Influence of drugs / intoxicat.

Mental disorders / committing a criminal act

participations in adv. Activities

HIV, ADIS, STD.

Involvement in war activities.

Personal Accident insurance Provide -:

Transportation Benefit

Hospital Cash Benefit

Education Grant

Cumulative Bonus

Family Discount & Worldwide coverage