Ans: Personal Accident Insurance offers you various benefits if you are unlucky to get hit by an accident. These benefits range from a tax free cash lump sum if you die or are permanently disabled due to being involved in an accident or temporarily unable to work as a result of being in an accident.
Ans: In India, grave accidents can take place any time! Personal Accident Insurance allows you to protect yourself against the financial consequences of your being unable to work due to any sudden accident.
Ans: When you save a quote or before you buy, you will see a summary of cover specific to your choices detailing specifically the cover types and levels of cover you have chosen.
Ans: The payment of any claim would form part of your estate. If you have a Will, then whoever administers your estate would deal with it as per the Will.
Ans: An accident is a sudden, unexpected, unusual, specific event which occurs at an identifiable time and place during the period of insurance.
Ans: Permanent total disablement means disablement caused by an accident which has rendered you unable to carry out your usual profession for the rest of your life.
Ans: Extended disablement generally means you suffer the loss, or use, of some of your senses or limbs as a result of an accident e.g. loss of hearing and so forth.
Ans: This insurance is a ‘protection’ product and not an investment one; hence it has no surrender value and no refund of premium is due to you. Contact us to know more on this matter.
Ans: Yes, but whilst your policy wording would not change, we would specifically exclude any pre-existing disability (for instance loss of hearing if you are already deaf or loss of sight if you are already blind) so you would not benefit from all aspects of the cover.