Personal Accident Insurance

An accident can occur anywhere, at your workstation, at road or even at home and resulted in death or injury to you. Due to this, you or your beloved family may face financial crisis. Due to the uncertainty of accidents, we are offering Personal Accident Insurance policy with extensive benefits that will help you ease o‑ just in case one occurs. This insurance will provide cover against death and disablement (Permanent/Partial/Temporary) from accidental bodily injury. This policy also design to select other optional rider cover on additional premium named as Hospital Confinement Allowance, Accidental Hospitalization Cover and Medical Expense Reimbursement.

What is a Personal Accident Insurance Policy?

Personal Accident Insurance policy basically designed to rescue every insured against uncertainties. Personal Accident is one of the types of general insurance that offers complete financial compensation. The unpredictable nature of life can lead you to several accidents like bodily injury in which you may loss part of your body completely or partially. This may put heavy burden on your pocket because of the medical treatment bills. Also, in the case of death 100% compensation is available for the nominee of the policy holder. The PA cover verifies the financial settlement for the injured individual and for their family too. The reimbursement criteria of personal accident coverage for medical expenses it allows various compensation regarding the accidental death and disability include loss of limbs, eyes, hearing and speaking power.

Why you need Personal Accident Insurance?

The first and prior thing that lead us to buy personal accident insurance is the safety and protection. We heard of road accidents almost every day and that's why it is important to secure our lives as well our family. Here personal accident cover gives the ultimate protection against the injuries by compensating medical expenses. In such a serious situation PA cover secure your family's day to day life in your absence. Therefore, it is important to have personal accident insurance to ensure safety and protection for yourself. Shriram General Insurance has designed the personal accident in a way that you can opt policy tenure from 1 to 3 years, according to your suitability.

What Shriram General Insurance Personal Accident Covers?

Accidental Death

In case of accidental death, we will pay the nominee 100% of the sum insured shown under each of the Basic Plan, Basic Plus Plan, Advance Plan or Comprehensive Plan that is selected by Insured Person, if during the Policy Period, an insured person named in the schedule meet with any Accidental Bodily Injury, that causes his/her death within 12 Months from the date of such accident and such accident is the sole and direct cause of such death.

Permanent Total Disability

If the person involved with an accident and get damages permanently. We will pay Insured Person 100% of the sum insured shown under Basic Plus Plan, Advance Plan or Comprehensive Plan that is selected by Insured Person, if the insured person named in the schedule meet with Accidental Bodily Injury during the Policy Period that causes Permanent Total Disability (shown in the table below) within 12 months from the date of accident is the sole, and direct cause of such Permanent Total Disability.

Disability% of SI
Loss of sight of both the eyes100%
Loss of two entire hands or two entire feet100%
Loss of one entire hand and one entire foot100%
Loss of sight of one eye and loss of one entire foot or hand100%
Complete loss of hearing of both ears or complete loss of Speech100%
Complete loss of hearing of both ears and loss of one limb100%
Complete loss of hearing of both ears and loss of sight of one eye100%
Complete loss of speech and loss of one limb100%
Complete loss of speech and loss of sight of one eye100%

Permanent Partial Disability

If the insured person named in the schedule meet with Accidental Bodily Injury during the Policy Period that causes Permanent Partial Disability within 12 months from the date of such accident and such accident is the sole and the direct cause of such Permanent Partial Disability, then We will pay the percentage (shown in the table below) of the sum insured shown under each of the Schedule headings Advance Plan and Comprehensive Plan that is selected by the insured, however, in case of multiple permanent partial disability maximum payable amount will not be more than 100% of Capital Sum Insured.

Nature of Disability Percentage of Sum Insured Payable
An arm at the shoulder joint70%
An arm above the elbow joint65%
An arm beneath the elbow joint60%
A hand at the wrist55%
A thumb20%
An index finger10%
Any other finger5%
A leg above mid-thigh70%
A leg up to mid-thigh60%
A leg up to beneath the knee50%
A leg up to mid-calf45%
A foot at the ankle40%
A large toe5%
Any other toe2%
An eye50%
Hearing of one ear30%
Sense of smell10%
Sense of taste5%

Temporary Total Disability

If the insured named in the schedule suffer Accidental Bodily Injury during the Policy Period shown under each of the Schedule headings comprehensive plan that is selected by the insured. Which is the sole and direct cause of a temporary disability which completely prevents the insured person from engaging in his/her respective occupation, then we will make a weekly payment of 1 % of capital sum insured per week, maximum Upto Rs 50000/- per week, subject to:

- The insured temporary disablement is certified by a Medical Practitioner/ Physician.

-We will make the first payment when the insured person named in the schedule satisfy us that the Accidental Bodily Injury has completely prevented the insured person from engaging in his/her occupation.

- We will stop making payments when We are satisfied that the insured person named in the schedule can engage in his/her occupation again, or when We have made payments for a maximum period of 100 weeks from the date the insured person met with the Accidental Bodily Injury, whichever is earlier.

Additional Benefit Transportation of Mortal Remains

If we have accepted a claim under Accidental Death, for the death of the insured named in the schedule, and then we will pay towards the actual cost of transporting the remains of the deceased from the place of death to a hospital, cremation ground or burial ground. The amount We pay will be limited to the lower of Rs.5, 000/- or 2% of the sums insured shown as under with respect to any one of the plan (Basic Plan, Basic Plus Plan, Advance Plan or Comprehensive Plan) that is selected by the insured.

Children‘s Education Benefit

If we have accepted a claim under either Accidental Death or Permanent Total Disability, then we will make a one-time payment of 2% of the benefit for each child towards the cost of education, up to first 2 of the insured’s dependent children who are studying. In case of more than two children then the company will pay to first two children only.

Personal Accident Cover% SI
Accidental deathSum insured 100%
Permanent Total Disability (losing both limbs, eyes, hearing & speaking ability/Sum insured 100%
Permanent Partial Disability (loses a limb or an eye partiallySum insured up to 70%
Temporary Total Disability(1 % of capital sum insured per week, maximum Up to Rs.
50000/- per week)
Transportation of mortal remains(Additional cover with Sum insured 2%)
Children's education benefits (Additional Cover Additional cover with Sum insured 2%) (Additional Cover Additional cover with Sum insured 2%)

Who is eligible for this policy?

Personal accident coverage is important and needful for everyone but there are some criteria for buying it. You must be eligible for it and know the norms.

Shri Personal Accident only covers those individuals who are a minimum age of 1 year and maximum 70 years. The comprehensive plan will not be offered/renewed for insured below the age of 21 or above 70.

Premium Rate:

The premium rate of personal accident insurance policy differs on the level of risk of the insured -

Risk Level I: The highly reputed professionals count in the higher risk category like the accountant, doctors, lawyers, architects, consulting engineers, teachers, bankers, and the people engaged in administrative functions.

Risk Level II: Professionals like builders, contractors, and engineers who are engaged in superintending functions only, veterinary doctors, paid drivers of motor cars and light motor vehicles and persons engages in occupations of similar hazard and not engaged in manual labour.

Shriram Personal Accident Plans:

The Basic Plan: If you select the basic PA plan then you will be covered for accidental death, transportation of mortal remains and will be given children's education benefits.

The Basic Plus Plan: In this plan, you will be protected against the accidental death, children's educations benefits and permanent total disability.

The Advance Plan: The Shriram Personal Accident advance plan covers accidental death, children's educations benefits and permanent total disability and the permanent partial disability.

The Comprehensive Plan: Here's the complete package of personal accident i.e., the comprehensive plan contains accidental death, children's educations benefits, permanent partial disability, and temporary total disability.

Buy the right individual personal accident policy with Shriram General Insurance -

Shriram General Insurance is one of the prominent insurance companies in India that provides various insurance products like Car insurance, Two Wheeler Insurance, Home Insurance, Overseas Travel Insurance, and others. And, the comprehensive personal accident policy is one of the insurance products Shriram is offering with several benefits. This cover provides complete financial assistance to the family of the insured in case of any bodily injury. This policy allows coverage on the condition of injury that may be death, partial or full injury. While taking the personal accident coverage insured get a benefit like monetary compensation is the ultimate support that insured get after buying a personal accident insurance policy. In case of death, the insured nominee will be given 100% compensation. And, in case of one or both eyesight loss, two limbs or one limb loss insured will also receive 100% compensation.

Benefits of buying personal accident insurance with additional Payment

We are also offering some additional Add-On cover under this policy which can get after paying an additional payment.

Hospital Confinement Allowance: If due to the accident, the insured person had to be hospitalized for medical reasons, because of such Accidental Bodily injury then we will pay then Rs.1000/- for each complete calendar day subject to the maximum of INR 30,000/-

Accidental Hospitalization Cover: If during the period of Insurance, insured person, sustains bodily injury resulting from accident during the policy period and is hospitalized as an in-patient for twenty-four (24) continuous hours or more, then We will reimburse Insured Person the necessary Usual, Reasonable and Customary In-House Medical Expenses actually incurred by Insured Person.

Medical Expense Reimbursement: We will reimburse the costs of necessary medical treatment the insured had to obtain from a Medical practitioner because of the Accidental Bodily Injury the insured met with. However, our payment will be limited to 40% of the value of the claim or 10% of the 'Capital Sum Insured' or Rs. 5 Lac or the Actual Amount whichever is lower.

Modification of Residential Accommodation and Vehicle: In the event of Injury, We will reimburse upto the Sum Insured for covered expenses reasonably incurred to modify the Insured Person’s residential accommodation or own vehicle on account of the Insured having suffered Permanent Total Disability. The maximum limit under this section will be Rs. 50,000/- for modification of single residential accommodation/vehicle.

Additional Benefit without any additional payment

Transportation of Mortal Remains: If there is a claim against Accidental Death & Disappearance then we will pay towards the actual cost of transporting the remains of the deceased from the place of death to a hospital, cremation ground or burial ground. The amount we pay will be limited to the lower of Rs. 5,000/- or 2% of the sums insured.

Children‘s Education Benefit: If there is a claim against Accidental Death & Disappearance or Permanent Total Disability, then We will make a one-time payment of Rs.5,000/- each child towards the cost of education of up to 2 of the insured’s dependent children.

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Shriram General Insurance Co. Ltd. (In partnership with Sanlam, South Africa)
E-8, EPIP, RIICO Industrial Area, Sitapura, Jaipur - 302022 (Raj.)
Toll free: 1800-300-30000,Fax: 0141-2770692, 2770693

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