What is Personal Accident Insurance?
Personal Accident (PA) Insurance pays a lump sum for accidental death and varying percentages of sum-assured for permanent/partial disabilities caused by accidents.
Who needs it?
- Daily commuters (especially two-wheeler riders)
- Field professionals — sales, site engineers, doctors on-call
- Frequent travellers
- Sole earners in a family
Why it matters
₹25-50 L cover from ~₹400/month
Pays out independently of life insurance
Children's education benefit on accidental death of parent
Weekly income benefit during recovery
Common myths, busted
Myth: My life insurance covers accidents.
Truth: It pays only on death. PA covers disability + temporary income loss too.
Real claim examples
- ₹10 L disability payout + 52 weeks of ₹15K/week income benefit on a road-accident permanent injury case.