Tata Capital > Blog > Insurance > Personal Accident Insurance: The Guide You Need
17 June 2025
4 mins read
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Accidents are inevitable. Depending on the severity, they can cause injuries, disability, and even death. Plus, they usually lead to hefty medical bills that can strain your finances. This is where personal accident insurance comes in.
What is personal accident insurance? It is a policy that provides financial support during such uncertainties. It helps you cover medical expenses comfortably without dipping into your savings or taking debt. In this handy guide, we’ll break down everything you need to know about personal accident insurance so you can protect yourself and your loved ones.
A personal accident insurance policy provides comprehensive coverage. However, it also has certain exclusions. Here’s a quick look into what the policy includes and excludes:
| Inclusions | Exclusions |
| Hospitalization expenses, including medical treatment, room rent, etc. | Pre-existing conditions |
| Coverage for the death, permanent disability, or partial disability of the policyholder | Self-inflicted injuries or injuries caused due to a suicide attempt |
| Compensation in case the policyholder loses their income due to permanent disability | Injuries due to wars, criminal acts, or terrorism |
| Coverage for child’s education in case of accidental death or income loss | Participating in adventure sports |
| Coverage for funeral expenses in case of the policyholder’s death | Accidents caused due to the consumption of alcohol or drugs |
A personal accident insurance policy offers a host of benefits for you and your loved ones. These include:
The premium of a personal accident policy varies for different insurers and depends on several factors, such as:
A personal accident cover not only provides a financial safety net in times of emergencies but also offers a host of other benefits. Here are some of the key reasons to opt for it:
An accident may cause injuries like fractures or burns, which can lead to hefty medical bills. An accidental insurance policy ensures you don’t have to shoulder this financial burden alone.
In case of your accidental death or disability, the policy provides financial support to your loved ones, ensuring their financial stability.
If you work in a high-risk environment, the policy protects you and your family from job-related mishaps like disability or death.
An accidental insurance policy helps you manage long-term expenses for temporary or permanent disabilities, so you don’t have to worry about finances.
You can enhance the policy’s coverage by opting for add-on benefits like hospital cash, OPD cover, daily allowance, etc.
A personal accident insurance policy protects you and your family against the financial impact of accidental injury, disability, or death. It provides peace of mind and long-term financial support, so you don’t have to worry about uncertainties.
Ready to buy a personal accident insurance policy? Visit the Tata Capital website or download the mobile app to explore a range of personal accident insurance options and choose the one that fits your needs.
To make a claim under a personal accident policy, inform your insurer immediately after the accident. Fill out the claim form carefully and submit all necessary documents to get your claim processed. Once the insurer verifies the details, they will process your claim per the policy terms.
The time limit for accident claims varies from insurer to insurer. While most insurers require you to file a claim within 30 days of the accident, it's best to check your policy details or contact customer support for the exact timeline.
No, personal accident insurance can cover more than just the owner. Depending on the policy, you can also add family members or employees to the plan. You can also choose between individual or group coverage based on your needs.
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