Accident insurance plans play a crucial role in providing financial assistance to individuals in the unfortunate event of an accident. These plans are designed to cover a wide range of accidents, including those resulting in injuries, permanent disabilities, or fatal outcomes. For those seeking the right personal accident insurance plan, this consolidated list highlights some of the best options available.
By comparing the features and benefits of these plans, individuals can make informed decisions and choose the most suitable coverage for their needs. Read on to discover the options that offer financial security and peace of mind in the face of unforeseen accidents.
10 Best Personal Accident Insurance Policy in India
Best Personal Accident Insurance Policy |
Navi Health Insurance Accident Cover |
HDFC ERGO Personal Accident Insurance |
Bharti AXA Insurance Smart Individual Personal Accident |
Reliance Personal Accident Health Insurance Plan |
Max Bupa Personal Accident Insurance |
Care Health Insurance Personal Accident Plan |
Apollo Munich Individual Personal Accident Standard |
Star Health Personal Accident Care Insurance Policy |
Future Generali Accident Suraksha |
ICICI Lombard Personal Protect |
1.Navi Health Insurance Accident Cover
- Protection: Get coverage up to ₹1 crore for accidents.
- Fitness Bonus: If you walk an average of 4000 steps daily for at least 250 days, enjoy a 5% discount on your premium during renewal.
- No Claim Reward: If you don’t make any claims, a portion of your total coverage carries forward to the next year.
- Affordable Premium: Starts at just ₹235 per month.
Navi’s Accident Cover not only safeguards you financially in case of accidents but also encourages a healthy lifestyle with bonuses. It’s a simple and cost-effective way to ensure peace of mind during unexpected events.
2. HDFC ERGO Personal Accident Insurance:
- Financial Security: Receive a lump-sum compensation for medical expenses in case of accidents, easing financial burdens.
- Family Protection: Ensure your family’s financial stability if the policyholder passes away due to an accident.
- Lifetime Coverage: Benefit from lifelong renewability for continuous protection.
- Global Protection: Coverage extends worldwide for added peace of mind.
- Family Option: Choose to extend coverage to your family members.
- No Medical Checkups: Enjoy the convenience of obtaining coverage without undergoing medical checkups.
HDFC ERGO’s Personal Accident Insurance provides comprehensive protection without unnecessary hassles. It’s a straightforward solution to handle unexpected financial challenges resulting from accidents.
3. Bharti AXA Insurance Smart Individual Personal Accident :
- Affordable Protection: An economical plan offering coverage for individuals and families.
- High Coverage for Disability: Receive up to 125% of the sum insured in case of permanent disability, ensuring substantial financial support.
- Tax Benefits: Enjoy tax benefits under the Income Tax Act of 1961, providing additional savings.
- Coverage Limit: Get coverage up to ₹30 lakh, catering to various financial needs.
- Minimal Premium: Avail the benefits of this plan with a minimum premium starting at ₹24.
Bharti AXA’s Smart Individual Personal Accident insurance is designed to provide cost-effective yet comprehensive coverage, including high payouts for permanent disabilities and potential tax advantages.
4. Reliance Personal Accident Health Insurance Plan :
Overview:
- Entry Age: 5 to 70 years
- Basis: Group insurance, beneficial for clubs or companies
- Coverage:
- Rs. 2,500 for transportation of mortal remains if the accident occurs outside the house
- 100% of the sum insured for accidental deaths
- 100% for permanent total disability
- 100% for loss of two limbs, two eyes, or one limb and one eye
- 50% for loss of only one limb or one eye
- Partial sum insured for permanent partial disability
- Up to Rs. 5,000 per week for a maximum of 100 weeks for temporary total disability
- Benefits:
- Offers on-duty or off-duty cover for employers
- Optional coverage for medical expenses with an additional premium
- Applicable to groups like employees, club members, etc.
- Worldwide coverage
- Comprehensive coverage for complete and partial disabilities, along with accidental death
Reliance Personal Accident policy is tailored for group coverage, providing financial support in various scenarios, from accidental deaths to temporary disabilities, and offering flexibility for employers to choose on-duty or off-duty cover.
5. Max Bupa Personal Accident Insurance :
Overview:
- Coverage Options:
- Individual or family coverage
- Worldwide coverage
- Choose from 2 or 3-year tenure
- Cover ranges from Rs. 5 lakhs to Rs. 2 crores
- Entry Age: 18 to 65 years
Included Benefits:
- Death Benefit
- Permanent Total Disability
- Permanent Partial Disability
- Child Education Benefit
- Funeral Expenses
Add-On Covers:
- Temporary Total Disability
- Accidental Hospitalization
Max Bupa, a leading health insurer, provides a comprehensive personal accident plan with individual and family coverage options. The plan covers a range of benefits, including death, disability, child education, and funeral expenses. Policyholders can also enhance coverage with add-on options like temporary total disability and accidental hospitalization.
6. Future Generali Accident Suraksha :
Overview:
- Entry Age:
- Adults: 18 to 70 years (renewable up to 70 years)
- Children: 3 to 25 years
- Key Features:
- Worldwide cover
- Family discount
- Portability
- No pre-medical check-up
- Sum assured based on gross monthly income
Coverage:
- Included:
- Death benefit
- Permanent total disability
- Permanent partial disability
- Temporary total disability
- Add-On Covers:
- Child education support
- Accidental hospitalization
- Accidental hospital allowance
- Road ambulance cover
- Chauffeur plan benefit
- Broken bones
- Loan protector
- Adaptation allowance
- Life support benefit
- Air ambulance cover
- Adventure sports benefit
- Family transportation allowance
Future Generali’s Accident Suraksha is a comprehensive personal accident insurance plan with extensive add-on covers. With a wide range of benefits, including worldwide coverage, family discounts, and portability, this plan is designed to meet diverse insurance needs, providing financial security for individuals and families.
7. Care Health Insurance Personal Accident Plan :
Overview:
- Claim Settlement Ratio: 95%
- Coverage: Up to ₹6 crore
- Network Hospitals: Close to 10,000 for convenient access to treatment
- Waiting Period: Zero waiting period for claiming accident cover
- Minimum Premium: ₹456/month
Care Health Insurance offers a Personal Accident Plan with a high claim settlement ratio and competitive premium rates. The policy provides substantial coverage, up to ₹6 crore, ensuring financial protection in case of accidents.
With a wide network of hospitals, policyholders can access treatment conveniently. The plan has a unique feature of zero waiting period for accident cover, allowing immediate claims. The minimum premium of ₹456/month makes it an affordable option for individuals seeking comprehensive personal accident coverage.
8. Apollo Munich Individual Personal Accident Standard :
Overview:
- Coverage: Up to ₹5 crore
- Discounts:
- 10% discount if 2 members are insured under the same policy
- 5% cumulative discount for no claim years
- Renewability: Lifelong renewability for sustained coverage
- Minimum Premium: ₹300/year
The Apollo Munich Individual Personal Accident Standard policy provides comprehensive coverage with a high sum insured of up to ₹5 crore. Policyholders can benefit from discounts, including a 10% discount when insuring two members under the same policy and a cumulative 5% discount for no claim years.
The policy offers lifelong renewability, ensuring continued protection. With a minimum premium of ₹300/year, this policy provides a cost-effective solution for individuals seeking personal accident coverage.
9. Star Health Personal Accident Care Insurance Policy :
Overview:
- Entry Age:
- Adults: 18 to 70 years
- Children: 5 months to 25 years
- Key Features:
- Enhanced weekly compensation for up to 100 weeks
- Cumulative bonus
- Coverage up to 150% of the sum assured for permanent total disability
- Lifelong renewability
The Star Health Personal Accident Care Insurance Policy is designed to provide financial protection during emergencies. It offers lump-sum compensation for accidental death and disabilities.
Key features include enhanced weekly compensation, cumulative bonus benefits, and coverage for permanent total disability up to 150% of the sum assured. With lifelong renewability, this policy ensures sustained coverage for individuals and children, making it a comprehensive solution for personal accident insurance needs.
10. ICICI Lombard Personal Protect :
Overview:
- Age Criteria:
- Coverage up to 80 years
- Key Features:
- Lifetime renewability
- Tenure up to 5 years
Coverage:
- Up to ₹25 lakh:
- Comprehensive coverage to meet diverse needs
ICICI Lombard’s Personal Protect is a robust personal accident insurance plan with a notable feature – the flexibility to insure individuals up to the age of 80 years. Offering coverage of up to ₹25 lakh, this plan provides financial security and peace of mind.
With lifetime renewability and a tenure of up to 5 years, it caters to a wide range of insurance requirements, ensuring continued protection for individuals and their families.
Conclusion
Personal accident coverage stands as a reliable shield in times of emergencies, whether arising from a car accident or workplace hazard. The term “accident” encompasses various scenarios, underscoring the importance of carefully reading the policy details. Your investment in securing your life deserves careful consideration.
Therefore, take the time to compare available policies and choose the best personal accident insurance that aligns with your needs, ensuring a robust financial safety net.