1. Coverage: Personal accident insurance provides coverage for accidental injuries, disabilities, or death resulting from accidents. It typically includes coverage for medical expenses, disability benefits, and a lump-sum payment in case of accidental death.

2. Accidental Death Benefit: If the insured person dies due to an accident covered by the policy, the insurance company pays a predetermined amount (the sum assured) to the beneficiary or the insured person’s family.

3. Disability Benefit: In the event of an accident that results in permanent disability, personal accident insurance provides a percentage of the sum assured as a benefit. The percentage paid depends on the severity and type of disability, as specified in the policy.

4. Temporary Total Disability Benefit: Some personal accident insurance policies offer benefits for temporary total disability, which means the insured person is unable to work for a specific period due to an accident. This benefit provides a weekly or monthly payment to compensate for lost income during the recovery period.

5. Medical Expenses: Personal accident insurance covers medical expenses related to accidents, including hospitalization costs, doctor’s fees, surgical expenses, and other necessary medical treatments. The coverage may vary depending on the policy terms and conditions.

6. Exclusions: Personal accident insurance usually has certain exclusions, such as injuries or death caused by pre-existing conditions, self-inflicted injuries, participation in hazardous activities, or war-related incidents. It’s important to carefully review the policy to understand the coverage and exclusions.

7. Premiums: The premium for personal accident insurance is determined based on factors such as the insured person’s age, occupation, sum assured, and the coverage options chosen. Premiums can be paid annually, semi-annually, quarterly, or monthly, depending on the insurer’s terms.

8. Supplemental Coverage: Personal accident insurance can be purchased as a stand-alone policy or as a supplemental coverage to other insurance policies, such as life insurance or health insurance. Adding personal accident coverage to existing policies can provide additional financial protection in case of accidents.

Personal accident insurance is important for individuals who want financial protection against accidental injuries, disabilities, or death. It can provide peace of mind and financial security for the insured person and their family in case of unexpected accidents. It’s advisable to compare policies from different insurance providers, review the terms and conditions, and assess your specific needs before choosing a personal accident insurance policy.