Coverage for loss of employment of the insured individual.
Personal Accident Insurance Policy
Buy personal accident cover online in 2 minutes. Get peace of mind for a lifetime!
Buy personal accident cover online in 2 minutes. Get peace of mind for a lifetime!
Personal accident insurance safeguards you & your family against financial pain of an accident. It is a fixed benefit plan that covers death, permanent/temporary disability and hospitalization caused due to an accident. In case of any of these unfortunate events, the plan will provide a lump sum payout, as specified under the policy terms and conditions.
Personal accident insurance from IFFCO-Tokio takes care of all your needs. Get affordable & comprehensive coverage against life’s uncertain moments and live worry-free. Our plans cover ambulance charges, hospital expenses, the loss of an income, and even your child’s education cost. All-in-all, with a personal accident insurance from IFFCO-Tokio, you can be sure of a safer future for you and your family.
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Permanent total disability
If the insured is rendered completely disabled in a permanent way that is beyond the ability of medicine to heal, they will be entitled to avail benefits pay-outs, as mentioned in the guidelines of their policy. Even if the disability was not prominent at the time of the accident, but arises as a result of an accident within a year of it occurring, the insured will be able to avail benefits.
Permanent partial disability
If the insured is rendered partially disabled in a permanent way that is beyond the ability of medicine to heal, they will be entitled to avail benefits pay-outs, as mentioned in the guidelines of their policy.
Temporary total disability
Depending on the individual personal accident policy you purchase, you may be able to avail temporary total disability coverage. Under this benefit, if the insured individual is rendered completely disabled, even if on a temporary basis because of an accident, they are eligible for benefit pay-outs. This type of disability refers to a condition that can be restored by treatment or medicine, and the insured can return to their original productive and working capacity.
Accidental death
If the insured meets an untimely death because of an accident, their dependants or nominees are paid death benefits, so they are covered against financial insecurity.
Health insurance, critical illness insurance, life insurance – these are all vital components of your insurance portfolio. However, if you want complete protection from unforeseen events, then you should consider getting a personal accident insurance policy as well. These plans fill an important gap in your coverage needs. They ensure you are covered for the big tumbles in life, as well as the minor hiccups too. Let’s look at some reasons why you should get yourself a personal accident insurance policy.
Bad can things happen to the best of us
Accidents can happen at any time and to anyone! More often than not, such mishaps bring a string of unwanted expenses. Something as small as a fracture can cost you a lot of money in the way of doctor’s bills, possible ambulance & hospitalization charges and maybe even a loss of income for a few days.
Makes up for the loss of income
That’s right, in case an accident results in temporary total disability, your personal accident insurance policy will offer weekly payouts to help you cover your loss of income. Some plans will offer as much as Rs. 25,000 per week for a maximum of up to 104 weeks. This will help you sail through a challenging time with ease.
Family security
An accident can have a ripple effect on the financial security of your family. This is especially if you are the sole breadwinner of the family or if you contribute to the household’s monthly income. In case of temporary disability, the plan will offer weekly payouts, and in case of permanent disability, the plan will offer a lump sum payment as the policy underwriting and the nature of your injuries.
Your child’s future
An accident that results in your disability or untimely demise could upset your child’s future. Without your income, all your child’s aspirations could hang in the balance. This is where accident insurance can step in and save the day. Most plans offer coverage for the dependent children’s education cost. This ensures that all the hopes and dreams you have for your children stay intact in your absence or the absence of your income.
As much as we try and avoid them, accidents can still happen. We cannot predict when or where they might happen, but we can definitely prepare for them. How? Simple – just get an accidental insurance policy. These plans help prevent emergency out-of-pocket expenses and ensure that you & your loved ones have a safer future. Here are 4 BIG benefits of a personal accident insurance policy.
Accidental insurance covers numerous unfortunate events. From minor injuries such as fractures & dislocations to major incidents such as total permanent disability & death - accidental insurance covers it all, thus providing sound financial coverage!
One of the biggest benefits of accidental insurance is its cost. You can get a policy with a sum insured of up to Rs. 15 lakhs at a premium of less than Rs. 1,500. This is superb considering the amount of cover that these plans provide.
Personal accident insurance does not require you to get any medical tests done. You can buy a plan online in a few simple steps - the process requires very minimal information and little to no documentation.
We can’t mention this enough – accidents can happen anywhere! Keeping this in mind, our accidental insurance plans offer world-wide coverage. This ensures that you are covered while travelling or if you work in another country.
Well, that’s easy! You can pay a visit to one of branches and one of customer support executives will help you through the entire purchase process. They will ensure you leave the branch with the cover you need and a smile on your face. You could also get in contact without one of our authorized agents and have the same experience. Put together, we have over 20,000 branches and agents present all over India. This should ensure that finding one of our touch-points and buying a plan is quite easy.
However, we also understand that you might be squeezed for time and unable to visit one of our branches or agents. Not to worry! You can kick-back on your couch and visit out virtual office – our website. Yes! You can also buy personal accident insurance online. The process is quite simple; all you have to do is complete these 3 easy steps.
Once you are on the personal accident insurance page, all you have to do is fill in your name and number to proceed.
The next step would be to choose from the different plans available. We offer you 5 different options under accidental insurance.
Zeroed-in on the right cover? Just click on the ‘Buy now’ option and make the payment. You should find the policy document in your inbox in a matter of minutes.
Thinking about buying a personal accident insurance policy? You can visit one of branches at any time (within office hours of course) and we’ll help you out. Or, you can buy a plan online - the digital process is hassle-free and smooth. And, it also provides you the following benefits.
No need to step out, wear a mask or endure traffic snarls! Buying accidental insurance online is walk in the park – just 3 easy steps that you can breeze through with absolute ease!
Since you do not have to visit the branch, you automatically save a lot of time on the transaction. Moreover, the online process is quick and concise; you can run through the entire procedure in minutes.
You can skip the hassles of documentation & paperwork when you buy personal accident insurance online. Just type in your details, make the payment and the process is complete. Also, you will always have a soft copy of your policy in your mailbox!
When you buy accidental insurance online, you are not bound by our office hours nor do you have to visit one of our branches. You can buy the plan whenever you like, from wherever you like. You can choose to buy insurance plan at any time suited to you.
An individual personal accident policy offers you financial protection and provides lump sum compensation in case you suffer from a fatal accident or an accident that leaves you permanently disabled. This compensation acts as a safety net and saves you and your family from a financial crunch as it also covers costs for hospitalization because of an accident.
Accidents cannot really be predicted and can happen to anyone. From motor accidents and rail accidents to natural calamities, the list is truly endless. It might seem that such a policy might not be needed for a homemaker. However, it is always best to remain financially prepared and opt for an individual personal accident insurance that can help you meet the expenses if in any case a crisis were to arise in your life.
While a life insurance offers death benefits to your nominees and beneficiaries in the case of your death, health insurance provides compensation or reimbursement for your hospitalization and other medical expenses. An individual personal accident policy, on the other hand, will insure you against financial risks that may arise due to the permanent total disability or death of the policy holder in an accident. The policy strengthens your financial portfolio and helps secure the future of your dependent family members.
Yes. You have the option to avail this benefit.
Yes. You need to mention the names of your nominees or beneficiaries in the policy document and in case of your death, the sum insured will be paid to them by the insurance company.
