PA Insurance

Accidents can happen…anywhere…any place…to anybody. Each one of us in our day to day life is exposed to the risk of accidents. Accidents can be by anything from travel by rail, road, water and air, or by natural calamity, terrorism, animal bite or even by slipping. Personal accident insurance is designed to provide compensation or financial assistance in case someone meets with any kind of accident.

What is Personal Accident Insurance? Personal Accident Insurance covers in the event of the person sustaining bodily injuries resulting solely and directly from an accident caused by external, violent and visible means, resulting into death or disablement (partial/total). It pays for injuries sustained, occurred anywhere in the world.

Coverage under Personal Accident Insurance:

• Accident by Rail / Road / Water / Air
• Injury due to terrorism
• Injury due to natural calamities
• Slipping from stairs or in bathroom
• Fractures & burns
• Injury due to drowning, poisoning, animal bite, etc;.

Important Terminology in Personal Accident Insurance:

• Accident : When a sudden, unforeseen and unexpected event occurs with a person , caused by external, violent and visible means which results in physical injuries is called Accident. It does not include any disorders due to mental, emotional , nervousness, depression or anxiety. Any illness or disease is not considered as an accident.
• Accidental Death : Death caused in an accident and not due to any natural cause, is termed as accidental death.
• Permanent Total Disablement : Any accidental injury which results into loss of any two limbs, or permanent and complete loss of sight in both eyes or injuries due to which the insured incapable of earning any income which is certified by a medical specialist that the injury is of a permanent nature, then it is termed as permanent total disablement.
• Permanent Partial Disablement : Any accidental injury which results in permanent loss of any body part, one eye, one limb or one finger or a toe and is certified by a medical specialist that the injury is of a permanent but partial in nature, then only the person is termed as permanently partially disabled. The loss may be permanent; its effects on the insured and on his life are partial.
• Temporary Total Disablement : Any accidental injury which is not permanent in nature making an injured person completely unable to perform any job functions on a temporary basis and is certified by a medical specialist that the injury is of a temporary and is unfit to work for certain period, is termed as temporary total disablement.