Personal Accident Insurance
PA policy is one which provides compensation in the event of death or disability directly due to accident by external, visible and violent means. The policy operates worldwide and is a 24 hours cover.
This policy is generally available to any adult residing in India can take the policy covering himself / herself and dependent family members between the ages of 5 and 70yrs.
What is covered and what is not
Different coverages are available ranging from a restricted cover of Death only; to a comprehensive cover covering death, permanent disablement and temporary total disablement.
Family Package cover is available to Individuals under Personal Accident Policy whereby the proposer, spouse and dependent children can be covered under a single policy with a 10% discount in premium.
Common exclusions under the policy are complications arising out of pregnancy and childbirth, suicide, being under the influence of drugs or liquor