In the wake of rising accidents and road tragedies, getting an accident insurance becomes mandatory for all and sundry. Borrowing or begging from someone rich is not an option anymore in today’s rapidly developing, metropolitan society. Here, each one has to ensure his or her priorities, prerogatives and well-being. It is survival of the fittest in its purest and undiluted sense, and you have an array of insurance companies that are ready to show you the way. An insurance policy that provides help in the form of a sum assured in case of an accident of the insured is known as the accident insurance cover.
The primary benefits
There are leading accident insurance companies that not only cover frequent or major accidents that lead to permanent disablement or death, you also have firms that cater to minor injuries that may happen in your daily life. These include getting burnt while using electrical appliances or cooking, or children getting injured at home or school, or falling from stairs.Most personal accident covers include medical expenses for treating daily injuries as in out-patient or in-patient at recognized healthcare facilities. The cover ranges between 20-30lac rupees.
More on the coverage
An accident insurance covers hospital daily cash, legal expenses, accidental death, partial or total disablement, transportation or percolation of mortal remains, temporary total disablement, funeral expenses, terrorism covers and a world-wide coverage. As regards your claim process, you need to show disability or death certificate of the concerned person, discharge or admission summary to the insurance agency. It is important to know that the benefit under a particular policy is calculated in accordance with the coverage you have opted for. The concerned firm may settle the claim within 10 days of receiving all valid documents.
Major highlights
In this context, an insurer provides specified benefits when and if the insured person sustains physical injuries, which are an outcome of accident caused by visible means or outward violent events. For many companies, the minimum figure insured is Rs 25,000 and the optimum amount is Rs 1, 00,000 per annum. However, this can increase in multiples of the specified amount. This policy can also provide compensation in the event of loss of eyesight or limbs. This is an additional benefit in today’s market. It caters to any person aged between10-70 years, while the occupation or sex is immaterial in this regard.
Claims process
Filing your claim process is extremely important in this regard. While informing the concerned insurer within the stipulated time period set by the company, you need to provide some information, which would help the insurer initiate your claim. These are your contact numbers, policy number, time and date of accident, contact details and name of the insured and injured person, location of damage or loss and the extent of loss or damages incurred. An accident insurance claim also requires you to give a succinct yet vivid description of how, when and where the loss or accident took place along with its location details and magnitude.
The primary benefits
There are leading accident insurance companies that not only cover frequent or major accidents that lead to permanent disablement or death, you also have firms that cater to minor injuries that may happen in your daily life. These include getting burnt while using electrical appliances or cooking, or children getting injured at home or school, or falling from stairs.Most personal accident covers include medical expenses for treating daily injuries as in out-patient or in-patient at recognized healthcare facilities. The cover ranges between 20-30lac rupees.
More on the coverage
An accident insurance covers hospital daily cash, legal expenses, accidental death, partial or total disablement, transportation or percolation of mortal remains, temporary total disablement, funeral expenses, terrorism covers and a world-wide coverage. As regards your claim process, you need to show disability or death certificate of the concerned person, discharge or admission summary to the insurance agency. It is important to know that the benefit under a particular policy is calculated in accordance with the coverage you have opted for. The concerned firm may settle the claim within 10 days of receiving all valid documents.
Major highlights
In this context, an insurer provides specified benefits when and if the insured person sustains physical injuries, which are an outcome of accident caused by visible means or outward violent events. For many companies, the minimum figure insured is Rs 25,000 and the optimum amount is Rs 1, 00,000 per annum. However, this can increase in multiples of the specified amount. This policy can also provide compensation in the event of loss of eyesight or limbs. This is an additional benefit in today’s market. It caters to any person aged between10-70 years, while the occupation or sex is immaterial in this regard.
Claims process
Filing your claim process is extremely important in this regard. While informing the concerned insurer within the stipulated time period set by the company, you need to provide some information, which would help the insurer initiate your claim. These are your contact numbers, policy number, time and date of accident, contact details and name of the insured and injured person, location of damage or loss and the extent of loss or damages incurred. An accident insurance claim also requires you to give a succinct yet vivid description of how, when and where the loss or accident took place along with its location details and magnitude.