Download Personal Accident Insurance Project PDF

TitlePersonal Accident Insurance Project
File Size375.2 KB
Total Pages9
Document Text Contents
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Page 7




1. Accidental Death :

If an insured died due to an accident his nominees will get 100% sum

insured. So it’s very important to have right nominee in any kind of

insurance policy whether accidental or life.

2. Permanent Total Disablement :

Some time a person met with an accident & loses his body parts – may

not be able to work in future. In case of Permanent total disability 100%

sum insured is given to the insured person. It covers:

 Loss of both hands or both feet or one hand and one foot
 Loss of a Limb (hand/foot) and an eye
 Complete and irrecoverable loss of sight of both eyes
 Complete and irrecoverable loss of speech & hearing of both ears

3. Permanent Partial Disablement :

As the name suggest this benefit is given if someone losses one hand or

one leg or even small body part like finger/toe. For this every insurance

company have their own tables – what they will cover & how much they

will pay depends upon the age limit of the person as per policy


4. Temporary Total Disablement :

Sometime it can happen that anyone met with some serious accident but

there is no permanent loss. But doctor suggested a complete bed rest of 5

weeks or a complete checkup of any part of the body. This will impact an

earning for a small period so in such case accidental insurance can

compensate for this income loss. Weekly benefit is normally 1% of your

sum assured for maximum 100 weeks. There is also a maximum limit

according to your income.

5. Other Small Benefits :

There are few other benefits that one can get from insurance company –

few are priced in the premium & for others you need to pay additional

premiums. These can be like emergency ambulance charges, education

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