Individual Personal Accident Insurance Policy

You can choose following covers as Additional Benefits (add-ons)

5. Transportation of Mortal Remains: As additional benefit coverage, if you opt, you can be compensated for 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.

6. Children‘s Education Benefit: We think of your children too, if you claim under accidental death or permanent total disability, then we will make onetime payment of 2% of the benefit for each child towards the cost of education. The cover is available for first two dependent children who are studying.

7. Hospital Confinement Allowance: Again, if you claim under an accidental death and temporary total disability, we will pay Rs.1000/- for each complete calendar day, that insured person had to be hospitalized (within or after the policy period) for medical reasons, because of such accidental bodily injury. However, the amount we pay under this cover for each policy period will be limited to Rs.30, 000/- even if there is more than one claim.

8. Accidental Hospitalization Cover: If in case, insured meets with an accident resulting in bodily injury during the policy period and is hospitalized because of accident. If he/she admitted in the hospital for twenty four (24) continuous hours or more, then we will reimburse the expenses. If you are planning to buy personal accident insurance, choosing this cover would be beneficial. The reimbursement includes hospital accommodation; emergency room, intensive care unit, nursing care; the attention of medically qualified staff, fees of physicians, charges for laboratory test, prescription medicines or drugs, therapeutics, anesthetics, transfusions, artificial limbs or eyes, x-rays, prosthetic appliances, undergoing medically necessary procedures and medical consumables, ambulance charges.

9. Medical Expense Reimbursement: As per medical expense reimbursement cover, if claim triggers in principle coverages i.e. accidental death, temporary total disability, permanent total disability and temporary total disability. We reimburse the costs of necessary medical treatment for the insured obtain from a medical practitioner because of the accidental bodily injury.

10. Modification of Residential Accommodation and Vehicle: In the event of Injury, We will reimburse up to 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 subject to the condition that these alterations are necessary as per the advice of treating/ attending Medical Practitioner. The benefit under this section is payable subject to the claim under Permanent Total Disability under the policy becoming admissible. The maximum limit under this section will be Rs. 50,000/- for modification of single residential accommodation/vehicle.

Personal accident insurance premium calculator

The premium calculator assists you to calculate the Personal accident insurance premium in a best way to know exactly how much you have to pay. The cover provides complete protection against financial loss due to accidental death or bodily injury.

Premium details The premium rate in personal accident insurance is fixed depending on the type of employment or occupation of the insured person. Occupation is categorised on the type of risk levels.

You can easily calculate premium for personal accident insurance by visiting our ShriramGI website. Go to the page and click buy now and get quote by filling details like sum insured, occupation and policy term. This is how the premium amount will be shown on screen. After then you need to proceed to fill up personal details such as name, gender, date of birth, occupation, policy term email-id, mobile number, address, city, area and at last the nominee details (name and relationship). Finally click ‘’calculate premium’’ and you will get the wholesome amount with proper bifurcations with cover description, sum insured and premium amount. You can pay via various payment modes such as debit/credit card, net banking and wallet.

Capital Sum Insured The sum insured of a person for which cover is sought under a personal accident policy is called capital sum insured (CSI). Total CSI should not exceed 60 months’ salary/income from active employment.

Sum insured for family cover –

Earning member – CSI for each earning member will be limited to maximum of 60 months’ salary or monthly income.

Spouse – 50% of the CSI of the earning member.

Children (5-25 years) – 25% of the CSI of either earning member or Rs. 50,000 per child whichever is lower.

What are the benefits of personal accident insurance?

Anything that happens to save your life and make it better than before is beneficial for you. So, far we are discussing about personal accident insurance services and usage. Let’s get to know some of the benefits below –

• Financial assistance in unfortunate events: The most important thing for which you should go with personal accident insurance scheme is to have financial assistance whenever you need. The PA cover helps to reduce financial burden due to high expenses on treatment due to uncertainty. It compensates according to the personal accident insurance plan chosen by you. Therefore it is highly recommended to buy personal accident insurance cover to make your life easygoing.

• Provide various covers: The insurance policy provides various covers that include accidental death, permanent partial disability, and permanent total disability for your protection. As well as for extra protection you can prefer buying add-on covers i.e. additional coverage such as transportation of mortal remains, children education, hospitalization cover, medical expenses reimbursement and more.

• Cost effective: Money has always been a topic of concern for people as nobody want to buy worthless. Here you don’t have to worry about the money as buying personal accident insurance cover is cost effective. You can buy coverage as per your choice and requirement and according to that make final payment when satisfied. To make it more reasonable we also provide several discounts and offers so that you won’t pay extra money.

• Worldwide coverage: One of the personal accident insurance benefits is the worldwide coverage. This insurance policy has no boundary restrictions as you can claim from any corner of the world and get compensated. Therefore, no need to worry about the territory, you can call anytime from anywhere for assistance.

• Option to choose plans/policy term: The benefit is that you are not limited to just one cover or one coverage plan. To get enhanced services we have provided three personal accident insurance plans such as basic plan, basic plus plan and comprehensive plan. Among these you can opt what best for you and as per you requirement. Shriram General Insurance also provides policy term upto three years. Whatever suits you, go with that only. If you choose 3 years policy coverage, it would be great benefit for you and also extend as per the terms and conditions. Also, you don’t have to get yourself ready every year to renew the insurance policy if opted 3 years long term personal accident insurance policy. 

• Family members cover too: With personal accident insurance coverage, not only you but your spouse, first two children will also be covered. As well as dependent parents also included in the policy coverage according to insurance terms and conditions. Nothing is more important than your family, personal accident insurance coverage gives you opportunity to show love and care towards your family. God forbidden, one day if you will not be there with your family, this policy still be holding their hands.

• Ambulance expenses: The charges incurred in ambulance expenses are carried out by the insurer under the personal accident insurance cover terms and conditions. In the case of demise or accident insurer provide financial assistance for ambulance services. All, these are like essential facilities that you must have.

• Easy claim process: It is convenient for people if they get claim easily without obstacle. When you buy personal accident insurance, don’t worry about the claim because the procedure is hassle-free with us. Get yourself insured without any fear and go on with acclaimed financial safety.

Buy personal accident insurance online

The most convenient medium to buy personal accident insurance is online platform. It encourages people to buy insurance policies on their own without taking agents input. The era we are living in, no one has time to go out rush the insurance branch and ask to buy PA cover. At the same time online platforms has developed a kind of reliability and dependency in a positive way because of the convenience it provide. There are so many reasons why it highly recommended buying personal accident insurance online.Let’s see some of the reasons below-

• Easy and convenient: The best part of online buying personal accident insurance is the home comfort. As you can easily purchase insurance staying at your home without going out. You just need a laptop or a Smartphone and a working internet plan, through which you can access our website and generate quote.

• Quick and hassle-free: Instant buying personal accident insurance cover is possible via online medium without delay. It’s a quick and hassle-free procedure that anyone can go through. That’s the reason it is online buying is highly recommended.

• Save time &money: The easy accessibility of buying personal accident insurance online saves time and money both at some extend. It helps save time as every detail of requirement is given on the website page for filling up the form. You just have to fill each and every detail you know and it’s very quick. At the same time it saves money as well because of the direct buying between us (insurer) and insured as no hidden commission or charges applies. Also, we provide discounts and offers to the buyers while operating online.

• Minimum documentation: Online buying personal accident insurance policy gives liberty from heavy files and documentation. As the procedure is quite easy and all paperless, you just have command the navigation on the website. And, after policy created you get the final document that is policy copy.

• Online chat facility: Online chat services while buying personal accident insurance policy are the best idea for communication between the insured and insurer as it is so quick and frequent. It provides instant response when a customer raises any query. This online facility makes the buying procedure easy and smooth.

• 24x7 support & availability: Once you buy personal accident insurance plan, forget about the time limit as you can call anytime you need our assistance. Even when buying insurance if you face any kind of problem or issue, you can directly call to the support desk without hesitation 24x7. It is wise to choose online medium to buy personal accident insurance.

Before buying personal accident insurance policy, know about the exclusions because SGI shall not be liable to pay the benefits if the disability or death occurs as result of the following–

Exclusions-

• Through suicide, attempted suicide or Intentional self-inflicted injury or illness.

• While under the influence of Intoxication i.e. Liquor or drugs.

• Arising or resulting from the insured person Insanity or immorality, committing any breach of law with criminal intent.

• Whilst engaging in Dangerous hobbies such as aviation or ballooning, whilst mounting into, dismounting from or travelling in any balloon or aircraft other than as a passenger (fare-paying or otherwise) in any duly licensed standard type of aircraft anywhere in the world.

• Whilst participating as the driver, co-driver or passenger of a motor vehicle during motor racing or trial runs.

• As a result of any curative treatments or interventions that insured person carry out or have carried out on insured person body.

• Arising out of insured person participation in any naval, military or air force operations whether in the form of military exercises or war games or actual engagement with the enemy, whether foreign or domestic.

• Any injury/disablement/death directly or indirectly arising out of or contributed to any pre-existing condition.

• Pregnancy, resulting in childbirth, miscarriage, abortion, or complications arising out of any of these.

Whenever you plan to buy personal accident insurance policy covers for your safety, always remember to read the policy wordings or terms and conditions carefully to know better about the inclusions and exclusion separately.

Let’s get through some frequently asked questions (FAQ)to clear your confusions -

Que. - If there is loss of two fingers permanently, what compensation will be paid?
Ans - Fixed percentage of the CSI as mentioned in the policy will be paid.

Que. - If the loss of fingers is temporary and could be restored later, is compensation still payable?
Ans - Yes, as per the percentage of CSI as mentioned in the policy.

Que. - Is claim payable only when the accident happens in India?
Ans - No, it is payable worldwide, once proof of the same submitted.

Que. - Is claim payable without medical report?
Ans- No, report is important for proof.

Que. - Is personal accident insurance operates 24x7?
Ans - Yes, it provides a 24 hours cover.

Que. - How many children cover under family Personal Accident insurance cover?
Ans - First 2 dependent children are covered under family Personal Accident insurance cover.

Que. - I have opted for Personal Accident Insurance with my Car Insurance Policy. Do I still need to buy a separate PA policy?
Ans - Yes, there is still an option to buy personal accident insurance even after having it with your car insurance. PA insurance policy with car insurance is applicable during car accidents for owner-driver. The insurer will pay for the compensation in case of bodily injury due to road accidents. However, Individual PA policy covers you across given geographical territory under given risks such as falling from stairs, slips on the bathroom floor, road accidents, and more. Therefore, you can't rely on personal accident cover with car insurance and you should buy an individual personal accident insurance policy.

Conclusively, the main objective for buying personal accident insurance policy coverage is to attain financial safety for you and your family members. This is possible while compensating for the financial concerns i.e. unforeseen incidents, loss of income and others. Hence, it is really important to buy personal accident insurance policy to protect your life from financial burden impacted through an accident. Though, this cover is not mandatory buy in India but to make you and your family secure, must take it. We are here to assist anytime for your safety’s sake.