Few people have taken cover to
protect themselves against the risk of personal accidents and the
medical complications they entail. Personal accident insurance insurance
is an attractive option; not only does it cost less than other insurance
policies, it also covers all accidents. Personal accident policies cover
you for one or more of four contingencies in the event of an accident:
death, permanent total disability, permanent partial disability and
temporary total disability.
Calculation of Personal Accident Insurance Amount/Premium:
The
amount of premium depends on the nature of occupation of the individual.
The classification of occupation varies among different insurers.
The premium is far less as compared to other policies. Premium can be
paid on a weekly/monthly/quarterly/half-yearly/yearly basis.
Personal Accident Insurance Claim Procedure:
Claims are
generally settled within four weeks of completion of paperwork along
with supporting medical certificates. In some cases, insurers may depute
a panel of doctors to verify the insuranceholders' claims.
Documents Required for Personal Accident Insurance Claim:
- Claim form
- FIR Form
- Prescriptions given by the treating doctor
- Hospital Discharge Card
- Diagnosis reports like X-Ray report, etc.
- Disability Certificate
List of Some of Indurance Companies offering Personal Accident
Insurance:
