Personal Accident Insurance
Accidents are unpredictable. Personal accident cover provides 100% financial security against accidental death, permanent total disability (PTD), permanent partial disability (PPD), and temporary total disability (TTD) with weekly income benefits and child education fund support.
Key Benefits
- 100% lump sum payout on accidental death
- Up to 100% payout for permanent disability
- Weekly cash benefit during temporary disability
- Child education allowance support
- Zero medical check-up required
Frequently Asked Questions
Clear, transparent answers to help you make informed insurance decisions.
Personal Accident Insurance Online with Worldwide Coverage
While standard health insurance reimburses hospital room and surgery bills, it does not compensate for lost monthly earnings if an accident leaves you physically disabled and unable to work. Personal Accident Insurance bridges this catastrophic gap. Whether you face a road collision, a slip and fall, a workplace mishap, or an adventure sports injury, this policy pays a guaranteed lump-sum financial benefit directly to you or your family to sustain living standards, clear home loans, and fund your children’s education.
Personal Accident Insurance provides 24x7 worldwide financial protection against accidental death, Permanent Total Disablement (PTD), Permanent Partial Disablement (PPD), and Temporary Total Disablement (TTD). Enjoy 100% lump-sum compensation up to ₹1 Crore with zero medical checkups, income loss allowances, and child education support.
Personal accident insurance is a fixed-benefit policy that provides financial compensation to the policyholder or their designated nominees in the event of accidental death, bodily dismemberment, or physical disability resulting directly from external, violent, and visible accidental means.
Why Health Insurance is Incomplete Without Personal Accident Cover
Health insurance pays the hospital directly for surgical and bed charges, but it pays ₹0 for loss of future income. If a road accident results in the amputation of a limb or spinal paralysis, the victim may never be able to earn their pre-accident salary. A ₹50 Lakh Personal Accident policy pays 100% sum insured as a lump sum immediately, providing the capital required to replace lost future income, adapt home living arrangements, and protect family solvency.
Weekly Temporary Total Disablement (TTD) Benefit Explained
If you suffer a severe fracture or ligament tear requiring 8 weeks of strict bed rest, you cannot go to work. The TTD rider pays a weekly cash benefit (typically 1% of the sum insured, up to ₹25,000–₹50,000/week) directly into your bank account for each week of confirmed doctor-mandated disability, ensuring your household bills and loan EMIs are paid while you recover.
What It Covers (Inclusions)
- ✓Accidental Death Benefit: 100% of the sum insured paid as a lump-sum to registered nominees
- ✓Permanent Total Disablement (PTD): 100% to 150% of sum insured paid for permanent loss of both limbs, sight in both eyes, or complete paralysis
- ✓Permanent Partial Disablement (PPD): Up to 100% of sum insured paid as per IRDAI scale for loss of a single limb, sight in one eye, fingers, or hearing
- ✓Temporary Total Disablement (TTD): Weekly cash income replacement (up to ₹50,000/week for up to 104 weeks) while bedridden and recovering
- ✓Child Education Grant: Additional lump-sum education allowance paid to dependent school/college-going children upon accidental demise of parent
- ✓Accidental Medical Expenses Reimbursement: Add-on cover for actual hospital treatment and emergency medical transport expenses
- ✓Modification of Residence and Vehicle: Lump-sum allowance to adapt home doorways or install wheelchair vehicle lifts following permanent disability
- ✓24x7 Worldwide Geographical Validity: Coverage active whether travelling abroad for leisure, driving locally, or on business transit
What Is Not Covered (Key Exclusions)
- ✕Natural death, deaths resulting from infectious diseases, heart attacks, or general medical illnesses
- ✕Intentional self-injury, suicide attempt, or participation in hazardous criminal acts
- ✕Accidents occurring while driving under the influence of alcohol, narcotics, or non-prescribed drugs
- ✕Injuries sustained while participating as a professional in extreme combat sports, motor racing, or aviation aerial sports
- ✕War, invasion, foreign hostilities, nuclear radiation, or civil insurrection
- ✕Pregnancy, childbirth complications, or surgical accidents not directly caused by an external trauma
Who Should Buy This Policy?
- •Daily commuters driving two-wheelers, cars, or public transport in heavy traffic
- •Self-employed professionals, business founders, and consultants whose families depend entirely on their active physical presence
- •Construction engineers, factory managers, and field sales executives exposed to occupational physical hazards
- •Sports enthusiasts, cyclists, marathon runners, and outdoor adventure travellers
- •Primary earning members carrying high home loan, car loan, or personal debt obligations
Required Documents
- •Police First Information Report (FIR) or Panchnama for road or public accidents
- •Medical Disability Certificate issued by a certified government medical board or orthopedic surgeon (for PTD/PPD claims)
- •Hospital discharge summary, treatment records, and diagnostic scans (X-ray, MRI, CT scan)
- •Salary slips, Form 16, or ITR acknowledgment (for Temporary Total Disablement weekly wage claims)
- •Death Certificate and Post-Mortem Report (for Accidental Death claims)
- •Nominee KYC documents and cancelled cheque for electronic NEFT benefit transfer
Tax Benefits & Deductions
Under current Income Tax regulations, premiums paid for standalone Personal Accident Insurance do not qualify for deductions under Section 80D (which is restricted to health insurance hospitalization). However, any lump-sum financial compensation received for accidental death or permanent disability is completely 100% tax-free in the hands of the beneficiary under Section 10(10D) and general capital receipt principles.
Step-by-Step Cashless Claim Workflow
Step 1: Immediate Claim Registration — Notify Insurance Kara Lo claims team at +91 94515 70150 within 48 hours of the accident.
Step 2: Medical Examination & Police Report — Seek prompt medical attention and obtain a copy of the police FIR/GD entry.
Step 3: Disability Assessment — For disability claims, obtain a permanent disability percentage certificate from an authorized medical board.
Step 4: Document Submission — Submit claim form, police documents, medical records, and salary proofs through our paperless claim portal.
Step 5: Direct Lump-Sum Credit — The insurer disburses the approved lump-sum settlement directly into the policyholder’s or nominee’s bank account.
Comparative Policy Analysis
| Disability / Loss Category | Benefit Payable (% of Sum Insured) | Typical Settlement Form | Supporting Document Required |
|---|---|---|---|
| Accidental Death | 100% of Sum Insured | Lump-sum to Nominee | Death Certificate + FIR + Post Mortem |
| Permanent Total Disablement (PTD) | 100% to 150% of Sum Insured | Lump-sum to Policyholder | Government Disability Board Certificate |
| Loss of Two Limbs / Both Eyes | 100% of Sum Insured | Lump-sum to Policyholder | Specialist Medical Certificate |
| Loss of Single Limb / One Eye | 50% of Sum Insured | Lump-sum to Policyholder | Specialist Medical Certificate |
| Temporary Total Disablement (TTD) | 1% per week (up to 104 weeks) | Weekly Electronic Transfer | Doctor Mandatory Rest Certificate + Salary Proof |
Frequently Asked Questions
Is a medical health checkup required to buy personal accident insurance?
No! Personal accident policies evaluate physical accident risks rather than health history, meaning individuals aged 18 to 65 can buy up to ₹1 Crore coverage online instantly with zero medical tests.
Does personal accident insurance cover road accidents in foreign countries?
Yes! Personal accident insurance policies offered on Insurance Kara Lo provide 24x7 worldwide coverage, protecting you against accidents whether in India or overseas.
Can I claim both health insurance and personal accident insurance for the same accident?
Yes! Health insurance is an indemnity cover that pays the hospital bill, while Personal Accident Insurance is a fixed-benefit cover that pays an additional lump-sum cash compensation directly to you for disability or death.
How is the maximum sum insured for personal accident insurance determined?
Insurers typically permit a sum insured of 10 to 15 times your proven annual income (verified via ITR, Form 16, or salary slips) to prevent over-insurance.
10+ years advising Indian vehicle owners and families on IRDAI-compliant insurance planning and claim settlements.
Reviewed for policy wording accuracy, cashless garage procedures, and Section 80D/80C tax rules.
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