Accidents happen. Personal accident insurance covers death, disability, and medical expenses from accidents—separate from health insurance. Learn what ₹5L coverage actually means.
Personal Accident Insurance
Accidents happen. Personal accident insurance covers death, disability, and medical expenses from accidents—separate from health insurance.
Coverage: death (lump sum), permanent disability (lump sum), temporary disability (income replacement), medical expenses (₹50k–₹2L). Premium: ₹500–₹2,000/year for ₹5L–₹50L cover.
Why Separate from Health Insurance?
Health insurance covers illness and accidents in hospital. Personal accident covers accident-related death and disability outside hospital too—road accidents, falls. The two complement each other.
Coverage Types
- Death: lump sum to nominee (₹5L–₹50L)
- Permanent disability: 100% disability pays the full sum assured; partial pays a percentage
- Temporary disability: monthly income replacement (1–2 years)
- Medical expenses: treatment costs from the accident
Those are the standard heads of cover. Disability percentages and exclusions differ sharply between insurers—check what YOUR policy actually says.
Frequently asked questions
Do I need personal accident if I have health insurance?
Yes. Health insurance covers hospitalization. Personal accident covers death/disability from accidents (even outside hospital). Both are complementary—get both.
What's covered in personal accident?
Accidents: Road accidents, falls, workplace accidents, drowning, fire. Excludes: Suicide, war, risky sports (unless add-on), natural death, illness.
How much coverage do I need?
5–10× annual income. ₹12L/year income → ₹60L–₹1.2cr coverage. Premium: ₹1k–₹3k/year for ₹50L coverage.