Personal Accident Insurance

Fixed benefits for accidental death or specified disability.

What this type of cover does

Pays defined benefits after a covered accident; some plans add temporary total disability or education benefits.

Who commonly considers it

Working adults, commuters and people with financial dependants.

What to check in the policy

Registered name and IRDAI registration details of the insurer or intermediary
Who is insured, when cover starts and when it ends
Sum insured or benefit amount, deductibles, co-payments and sub-limits
Waiting periods, exclusions, claim conditions and cancellation terms
Premium amount, taxes, renewal rules and consequences of missed payment
Claim contact details and the insurer’s grievance-redressal process

Features vary by insurer and product. A generic plan type cannot tell you whether a particular claim will be paid; only the issued policy wording can do that.

Independent checks

Confirm the provider’s registration and read the customer information sheet and full wording before paying.

Open IRDAI

Also under Health Insurance

Individual Health Insurance
Common
A separate sum insured for one covered person.
Often considered by
Anyone who wants cover that is not shared with family members.
Understand this cover
Family Floater Health Insurance
Common
One shared sum insured for eligible members of a family.
Often considered by
Couples and families comfortable sharing one cover pool.
Understand this cover

View all health insurance