Personal Accident Insurance Policy Scheme India by Navnit Insurance Broking Pvt Limited

The Personal Accident Insurance Policy by Navnit Insurance Broking Pvt Ltd provides covers Permanent total disability, Permanent partial disability, Temporary total disability and weekly compensations, Death, arising from accidental bodily injury resulting from accident caused by external violent and visible means, etc.
 

INDIVIDUAL

  1. Package - Individual

Personal Accident

This policy offers compensation in case of death or bodily injury to the insured person, directly and solely as a result of an accident, by external, visible and violent means. Family Package cover is available to Individuals under Personal Accident Policy whereby the proposer, spouse and dependent children can be covered under a single policy.

Different coverages are available ranging from a restricted cover of Death only, to a comprehensive cover covering death, permanent disablements and temporary total disablements.
This policy is basically designed to offer some sort of compensation to the insured person who suffers bodily injury solely as a result of an accident which is external, violent and visible. Hence death or injury due to any illness or disease is not covered by the policy.
The following types of coverages are offered under a Personal Accident policy:-

Table D

  • Death cover wherein 100% of the capital sum insured is payable.

Table C

  • Coverage under Table D
  • Loss of two limbs / both eyes / one limb and one eye wherein 100% of the capital sum insured is payable.
  • Loss of one limb or one eye wherein 50% of the capital sum insured is payable.
  • Permanent Total Disablement other than above e.g. paralysis due to an accident, wherein 100% of the capital sum insured is payable.

Table B

  • Coverage under Table C
  • Permanent Partial Disablement i.e. where a part of the body becomes permanently disabled due to an accident, e.g. total and irrevocable loss of use of a finger due to an accident. In such cases, a percentage of the capital sum insured as specified in the policy is paid.

Table A

  • Coverage under Table B
  • Temporary Total Disablement i.e. where the insured person becomes temporarily disabled from undertaking any work as a result of an accident for e.g. fracture of legs. In such cases, a weekly payment of 1% of the capital sum insured subject to a maximum limit, is paid for the number of weeks or part thereof (maximum 100 weeks), during which the insured person is totally disabled.
Should you need further clarifications, feel free to email us at marketing@navnitinsurance.com