Frequently Asked Questions about Personal Accident Insurance

No. Shriram Personal Accident Insurance is a floater policy, which means one can register for himself, spouse, dependent children and parents in a single policy

Shriram General Insurance is digital now. You are requested to provide the necessary information in the required fields and make the payment. After completing the payment, you will receive the personal accident insurance policy within minutes

A Group Personal Accident Insurance is for an employer who wants their employees protected on the work premises. The policy is suitable for small as well as big enterprises as the policy cost is affordable

A conventional health insurance policy is not the same as a personal accident policy. Health insurance will cover you in the event of a critical illness, disability or hospitalisation costs. However, personal accident insurance covers a wide range of damages against unforeseen events, including cashless hospitalisation and medical expenses

While a life insurance policy will provide benefits to the dependents in the event of your death, a personal accident insurance policy will protect you and your family from financial risks caused by accidents, such as medical costs, lost revenue after an injury or stability in the event of a permanent total disability, among other things

No, you do not need a separate Personal Accident Insurance policy for your family members

Shriram Personal Accident Insurance premiums are determined by a variety of factors. They are sum insured, occupation, age, policy term, optional add-ons and dependents mentioned

No. Shriram Personal Accident Insurance premium must be paid as a one-time payment before the risk starts

Sum insured refers to the maximum amount payable in case of accidental death or permanent disability

According to the policy, a fixed percentage of the sum insured will be paid

No, a report is required for proof

The compensation will be a fixed percentage of the sum insured as per the policy

Yes. Under this policy, your parents can be added as dependents up to 70 years of age

Generally, the insured person under a personal accident policy should be over 18 years old and under 70 years old. The policy also covers dependent children up to the age of 25 and/or dependent parents up to the age of 70 (*T & C apply)

One-time payment of 2% of the sum insured under death and permanent total disability claim benefits