According to a survey carried out by IIT students, road traffic accidents take toll of almost 1.2 million people a year and additionally injure or disable between 20 � 50 million people annually � worldwide. Often these accidents result in accidental death, permanent total or permanent partial disability making the affected person inefficient to carry out his responsibilities.
To be frank, we cannot avoid accidents, but, definitely we can safeguard ourselves from the unseen. Accidental Insurance Cover is the best way to assure a good life in case of such misfortune. Accidental Insurance Covers generally come under the category of Personal Accident Insurance Policy. This kind of policy covers you against accidental death, permanent Total Disablement and permanent partial disablement.
Generally one has to pay premium for a maximum of 5 years for accidental insurance cover. The amount covered depends upon the person to be insured and the policy conditions. Most of the accidental policies give an insurance cover for the death of the insured person, permanent total disablement, permanent partial disablement and carriage of the body. In case of death of the insured, the nominee is compensated with the sum insured. In case of permanent total disablement compensation is paid against the permanent and total loss of the body part. In case of permanent partial disablement, compensation is paid for the total or partial loss of mobility of body parts. Carriage of Dead Body includes reimbursement of expenses incurred for transportation of the injured persons’ dead body to the persons’ residence.
The minimum age for accidental insurance is 18 years and maximum is 70 years. One can take accidental insurance for their spouse also.
Since accidental death insurance is a sensitive matter, there are some standard exclusions � some conditions which are not covered under accidental policies. These are: self injury, participation in hazardous sport, intoxication, terrorism, war, participation in criminal act and AIDS/HIV+.
Some of the good and reputed companies too take accidental policies in lieu of their employees. Their terms and conditions, however, differ a little from the Personal Accidental Insurance Cover Policies.
Accidental Insurance is something which I think should be taken into account by more and more people. Accidents are such common things these days, one should consider it seriously�
