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What is an individual personal accident policy?

Going further than your regular health insurance, we at IFFCO Tokio wish to offer customers the best comprehensive financial protection; that is where an individual personal accident policy comes into play.

Here are some key features to look forward to when buying this insurance from IFFCO Tokio:

Coverage for loss of employment of the Insured individual.
Coverage for loss of eyesight, limbs, or permanent total & absolute disablement.
Coverage for the dependent children’s education cost
Coverage for ambulance cost
The insured amount increases every time the policy is renewed.

The need for an individual personal accident policy

Life is unpredictable, and so are accidents. Hardly any day passes when we do not hear about some or the other accident taking place. From the risk faced by commuters from vehicular accidents to the risk faced by workers of getting hurt by the tools they use during work and the dangers of improper infrastructure, there is no end to the risks, risk will be more appropriate that one faces in daily life.When you are covered with a proper individual personal accident policy, you have the satisfaction of knowing that no matter what the extent of an accident, you will at least be covered financially with this policy.It offers you coverage against broken bones, cuts, burns, ambulatory or medical services, hospitalization because of an accident, loss of eyesight or limbs, etc.

Getting personal accident insurance with your life or health cover

Life and health insurance form a major part of your insurance portfolio, and are equally important insurance products. However, both of these insurance policiesoffer coverage for specific eventualities, mitigating the negative financial implications that are brought forth by such eventualities. While life insurance provides financial benefits to the dependants or nominees of the insured person who losestheir life, health insurance is a backup that can be used to deal with the expenses which one may incurdue to hospitalization. An individual personal accident policy on the other hand serves to provide additional coverage for an even wider range of possible disasters or accidents that may take place in daily life. Whether you are a victim of an accident suffered during travelling, commuting to work, , or due to some external circumstances, you will be able to avail coverage under your personal accident policy. This plan is a must for people who want to create a financially stable environment that protects them against all possible issues.

Buy the right individual personal accident policy with IFFCO Tokio

Being one of the leading providers of insurance products in India, IFFCO Tokio offers a comprehensive individual personal accident policy that can protect you against all and any accidental occurrences that can potentially lead to bodily injury or even death. In case there is an accident that results in the untimely death of the insured, the individual personal accident policy will be providing complete financial security to the family of the insured individual. If in case the insured individual survives the accident, but is injured, disabled, or crippled as a result, the policy also ensures that the insured gets a fixed sum of money. This amount of money however, depends on the type of disablement or injury that the insured suffers from.

Customer Reviews

Personal Accidental Insurance Policy is really nice. IFFCO Tokio gives you the best insurance.

Rated by: Shailendra Sharma

The Coverage of an Individual Personal Accident Policy

There are a number of situations in which you can avail coverage from your individual personal accident policy. Some of the most common coverage offered by this policy can be seen below:

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.
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.

The benefit plan under the IFFCO Tokio individual personal accident policy

The percentages and ratios of the benefits offered under the IFFCO Tokio individual personal accident policyare as follows:

In case of the untimely death of the policy holder in an accident, 100% of the capital sum insured is paid out to the beneficiaries or nominees.

In case the policyholder loses sight in both eyes, loses two limbs, or one limb and one eye in an accident, they receive 100% of the capital sum insured.
If an accident leads to the permanent total and absolute disablement, the policy holder receives 100% of the capital sum insured under the policy.
In case the policy holder loses the sight of one eye or suffers from the loss of one limb, they receive 50% of the capital sum insured under the policy.

Other benefits that are offered to the policy holder to ensure extra protection and financial relief in their hard timesinclude:

Permanent Partial Disability: If an accident results in the loss of any fingers or toes or any other body part that causes permanent partial disablement, additional benefits can be availed, depending on the degree of disability caused.
Temporary Total Disability: Those who suffer temporary total disability in an accident, the policy will pay the policy holder an insured sum of 1% of C.S.I per week, which is subject to a maximum weekly limit of Rs. 25000.

Employment Benefit: The personal accident policy also compensates money up to a specified limit against loss of employmentof the policy holder as a result of an accident.This coverage is offered in case an accident results in loss of limbs, eyesight, or in permanent total disability.

Education Benefit: If the policy holder suffers permanent total disability, loss of eyes or limbs, or death, the cost of education for their dependentchildren will also be covered under the policy for up to a pre-specified limit.
Ambulance Benefit: Ambulance services for the policy holder that may be required after an accident will be covered up to a specific policy limit under the personal accident policy.
Cumulative Benefit: The capital sum insured under this policy is increased automatically every year at the time of renewal. The increased sum insured is up to a specified limit and no additional premium is required to be paid by the policy holder to avail this increased some insured.

Besides the benefits that have been mentioned above, the individual personal accident policy also offers coverage for the compensation for any clothing that is damaged in an accident. It also covers the expenses that may be incurred for the carriage of the dead body.

Exclusions of the policy and what is not covered

There are some exclusions under theindividual personal accident policy. The official comprehensive list of exclusions, and terms and conditions therein will be communicated in the official policy wordings. A general list of exclusions however, is mentioned below:

Intentional injury: If the burns, broken bones, permanent partial disability, permanent total disability, dismemberment, temporary partial disability, temporary total disability, death, etc. of the policy holder is determined to be caused either intentionally or by intentional negligence, no claim will be honoured under this policy.
Injuries from a civil or foreign war: If the burns, broken bones, permanent partial disability, permanent total disability, dismemberment, temporary partial disability, temporary total disability, death, hospitalization, etc. are determined to have been incurred because the policy holder participated in a civil or foreign armed conflict, no claim will be honoured under this policy.
Injuries that are incurred because the policy holder was under the influence of drugs or alcohol: If it is determined that the policy holder suffered from burns, broken bones, permanent partial disability, permanent total disability, dismemberment, temporary partial disability, temporary total disability, death, required hospitalization, etc. because they were under the influence of drugs or alcohol, no claim will be honoured under this policy.
AIDS or HIV or other STDs: If it is determined that the policy holder suffered from burns,broken bones,permanent partial disability,permanent total disability,dismemberment,temporary partial disability,temporary total disability,death, required hospitalization, etc. because they suffer from an STD, no claim will be honoured under this policy.
Injuries incurredbecause of active participation in violent public disordersor labour disturbances: If it is determined that the policy holder suffered from burns,broken bones,permanent partial disability,permanent total disability, dismemberment, temporary partial disability, temporary total disability, death, required hospitalization, etc. because they were active participants in any sort of labour disturbance, strike, demonstration, protest, riot, public disturbance, etc.no claim will be honoured under this policy.
Injured on duty with any of the armed forces: If the policy holder suffers from burns,broken bones,permanent partial disability,permanent total disability,dismemberment,temporary partial disability,temporary total disability,death, required hospitalization, etc.caused in the due course of duty with any of the armed forces, no claim will be eligible under the individual personal accident policy.
Injuries that arise because of participation in any adventure sports: If the policy holder suffers from burns,broken bones,permanent partial disability,permanent total disability,dismemberment,temporary partial disability,temporary total disability,death, required hospitalization, etc. and it is determined that they arise from the policyholder’s participation in any adventurous sports, like bungee jumping or river rafting, the claim will not be eligible under this policy.
Claims that arise out of past illnesses or sicknesses: If it is determined that the policy holder suffered from burns,broken bones,permanent partial disability,permanent total disability,dismemberment,temporary partial disability,temporary total disability,death, required hospitalization, etc.as a result of any existing medical conditions or because of the worsening of an existing illness, claims will not be honoured under this policy.
Claims that arise out of pregnancy or childbirth related issues: If it is determined that the policy holder suffered from burns,broken bones,permanent partial disability,permanent total disability,dismemberment,temporary partial disability,temporary total disability,death, required hospitalization, etc. as a result of the policyholder’s pregnancy or childbirth, claims will not be honoured under this policy.

Who can apply for the IFFCO Tokio Individual Personal Accident Policy?

IFFCO Tokio’s Individual Personal Accident Policy is counted among the most comprehensive and best online personal accident policies. It is easy to avail and renew online, and anyone can apply for this policy, except for:

People who are involved in any activities, like aviation and ballooning, that areconsidered to be hazardous in nature
People who are members of the armed forces
People who fall outside the specified age bracket for the policy, which is of 5 to 70 years

Under this policy, you may avail coverage and benefits for:

The proposer
Their spouse
Their dependent children

Policy cancellation:

a. We may cancel the policy on grounds of fraud, moral hazard or misrepresentation or non‐cooperation by you by sending 30(thirty) day’s notice by registered post to your last known address. You will then be entitled to, except in case of fraud or illegality on your part, a pro-rata refund of premium for unexpired period of this policy in respect of such insured person(s) in respect for whom no claim has arisen.

b. You may cancel the policy by sending written notice to us under registered post. We will then allow a refund as per the company guidelines, except for those insured person(s) for whom claim has been preferred on us under the current policy:

Period of cover up to	Refund of annual premium rate (%)
1(one) months	75% (seventy five percent)
3(three) months/td>	50% (fifty percent)
6(six) months	25% (twenty five percent)
Exceeding six months	Nil

FAQ for Individual Personal Accident Policy

1. What is an individual personal accident policy?

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.

2. I am a homemaker and I spend a majority of my time at home. Do I also need an individual personal accident policy?

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 scary to think of such eventualities, but you cannot let them intimidate you. Be financially prepared and opt for an individual personal accident insurance that can help you meet the expenses in case any crises were to arise in your life.

3. I have already bought a health and life insurance cover. Why should I also buy an individualpersonal accident policy?

While a life insurance offers death benefits to your nominees and beneficiaries in the case of yourdeath, 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.

4. Does the policy cover hospitalization expenses incurred after an accident?

Yes.You have the option to avail this benefit.

5. I have a dependent family to support and I am the only bread winner. Does the individual personal accident policy cover death?

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.

**To understand exactly about the policy coverage, exclusions etc, please read the Policy Wording carefully.**

A Complete Protector: IFFCO Tokio, being one of the leading accidental insurance companies in the country, offers this comprehensive personal accident insurance cover that protects you against all accidental occurrences that might lead to bodily injury or death of the person insured. In case an accident leads to untimely death of the insured individual, this policy will provide the insured’s family with complete financial security, and will cover all eventualities. Alternatively, in a case where the insured survives an accident but is majorly injured or crippled for the rest or a significant part of his life, this policy will ensure that the individual receives a fixed sum depending on the type of disablement encountered.

Benefits Available

The complete benefit plan under the Policy is given below:

TABLE OF BENEFITS	PERCENTAGE OF CAPITAL SUM INSURED
1. Death	100
2. a) Loss of sight (both eyes)	100
b) Loss of two limbs	100
c) Loss of one limb and one eye	100
3. a) Loss of sight of one eye	50
b) Loss of one limb	50
4. Permanent Total and absolute disablement	100

Note: Other benefits To ensure extra protection and complete financial relief in hard times, the Personal Accident Insurance Policy also provides the following benefits:

In case the accident results in loss of fingers/ toes or any part that causes permanent partial disablement, the additional benefit would range from 5% to 40% reliant on the degree of disability. For those who suffer temporary total disability, the policy will pay an insured sum of 1% per week, subject to a maximum weekly limit of Rs.6,000/-.
Employment Benefit: This accidental insurance policy will also compensate up to specified limits against the loss of employment of the Insured individual. This benefit will be offered in case of an accident resulting in loss of eyesight, limbs or permanent total disablement.
Education Benefit: In case the insured suffers loss of limbs, eyes, permanent total disablement or death, the dependent children’s education cost will be covered under the Policy for up to a pre-specified limit.
Ambulance Benefit: For accidents that may require an ambulance service for the insured, the policy will pay for the ambulance travel used to reach a hospital up to a specified policy limit.
Cumulative Benefit: The insured amount under the policy is automatically increased every time the policy is renewed. The increased sum is up to a pre-specified policy limit, and does not require the policy holder to pay any extra premium.

Besides the above mentioned benefits, Personal Accident Insurance Policy also offers compensation for clothing damaged in an accident and the expenses incurred for carriage of dead body, among many others. These extensive benefits that the policy carries make it one of the most preferred and best accidental insurances.

Policy Exclusions (What the Policy does not cover?)

Some of the most critical exclusions under the Policy are:

Intentional self injury, suicide or attempted suicide, Venereal Disease or Insanity
The insured being under the influence of intoxicating liquor or drugs
Death or disablement resulting from pregnancy or child birth. (in case of female insured)
The Insured committing any breach of law with criminal intent
Contracting any illness directly or indirectly arising from or attributable to HIV or any HIV related illness including AIDS and/or any mutant derivative or variation of HIV or AIDS.
On duty with any armed forces.

Application Eligibility

(Who can apply for Personal Accident Insurance?)

IFFCO-Tokio General Insurance's Personal Accident Insurance Policy is among the best online personal accident policy that is easy to avail and renew. Anyone can apply for this personal accidental insurance policy, except for:

Those involved in any activity that is hazardous in nature like aviation, ballooning etc.
Those who are a member of the armed forces
Those who fall outside the specified age bracket of 5 to 70 years.

Who Can Be Covered