Personal Accident Insurance Policy

What is personal accident insurance
Personal accident insurance safeguards you & your family against financial pain of an accident. It is a fixed benefit plan that covers death, permanent/temporary disability and hospitalization caused due to an accident. In case of any of these unfortunate events, the plan will provide a lump sum payout, as specified under the policy terms and conditions.

Why choose IFFCO-Tokio?
Personal accident insurance from IFFCO-Tokio takes care of all your needs. Get affordable & comprehensive coverage against life's uncertain moments and live worry-free. Our plans cover ambulance charges, hospital expenses, the loss of an income, and even your child's education cost. All-in-all, with a personal accident insurance from IFFCO-Tokio, you can be sure of a safer future for you and your family.

Coverage for loss of employment of the insured individual.
Coverage for loss of eyesight, limbs, or permanent total & absolute disablement.

Coverage for the dependent children's education cost.
Coverage for ambulance cost.
The insured amount increases every time the policy is renewed.
It is one of the most comprehensive and best online personal accident policies.

It is easy to buy and renew the policy online.
What's covered under our personal accident insurance plans?

Permanent total disability
If the insured is rendered completely disabled in a permanent way that is beyond the ability of medicine to heal, they will be entitled to avail benefits pay-outs, as mentioned in the guidelines of their policy. Even if the disability was not prominent at the time of the accident, but arises as a result of an accident within a year of it occurring, the insured will be able to avail benefits.


Permanent partial disability
If the insured is rendered partially disabled in a permanent way that is beyond the ability of medicine to heal, they will be entitled to avail benefits pay-outs, as mentioned in the guidelines of their policy.

Temporary total disability
Depending on the individual personal accident policy you purchase, you may be able to avail temporary total disability coverage. Under this benefit, if the insured individual is rendered completely disabled, even if on a temporary basis because of an accident, they are eligible for benefit pay-outs. This type of disability refers to a condition that can be restored by treatment or medicine, and the insured can return to their original productive and working capacity.


Accidental death
If the insured meets an untimely death because of an accident, their dependants or nominees are paid death benefits, so they are covered against financial insecurity.

Major Exclusions
Intentional injury.
Injuries from a civil or foreign war.
Injuries caused because the policyholder was under the influence of drugs or alcohol.
Injuries caused due to active participation in violent public disorders or labor disturbances.
Injured on duty with any of the armed forces.
Injuries that arise because of participation in any adventure sports.
Claims that arise out of past illnesses or sicknesses.
Claims that arise out of pregnancy or childbirth-related issues.
Why is personal accident insurance important?
Health insurance, critical illness insurance, life insurance these are all vital components of your insurance portfolio. However, if you want complete protection from unforeseen events, then you should consider getting a personal accident insurance policy as well. These plans fill an important gap in your coverage needs. They ensure you are covered for the big tumbles in life, as well as the minor hiccups too. Let's look at some reasons why you should get yourself a personal accident insurance policy.


Bad can things happen to the best of us
Accidents can happen at any time and to anyone! More often than not, such mishaps bring a string of unwanted expenses. Something as small as a fracture can cost you a lot of money in the way of doctor's bills, possible ambulance & hospitalization charges and maybe even a loss of income for a few days.

Makes up for the loss of income
That's right, in case an accident results in temporary total disability, your personal accident insurance policy will offer weekly payouts to help you cover your loss of income. Some plans will offer as much as Rs. 25,000 per week for a maximum of up to 104 weeks. This will help you sail through a challenging time with ease.


Family security
An accident can have a ripple effect on the financial security of your family. This is especially if you are the sole breadwinner of the family or if you contribute to the household's monthly income. In case of temporary disability, the plan will offer weekly payouts, and in case of permanent disability, the plan will offer a lump sum payment as the policy underwriting and the nature of your injuries.


Your child's future
An accident that results in your disability or untimely demise could upset your child's future. Without your income, all your child's aspirations could hang in the balance. This is where accident insurance can step in and save the day. Most plans offer coverage for the dependent children's education cost. This ensures that all the hopes and dreams you have for your children stay intact in your absence or the absence of your income.


Benefits of Personal Accident Insurance Policy
Going further than your regular health insurance, we at IFFCO-Tokio wish to offer customers the best comprehensive financial protection and that is where an individual personal accident policy comes into play.

Coverage for loss of employment of the insured individual.
Coverage for loss of eyesight, limbs, or permanent total & absolute disablement.
Coverage for the dependent children's education cost.
Coverage for ambulance cost.
The insured amount increases every time the policy is renewed.
It is one of the most comprehensive and best online personal accident policies.
It is easy to buy and renew the policy online.

What it covers?
Accidental death
If the insured meets an untimely death because of an accident, their defendants or nominees are paid death benefits, so they are covered against financial insecurity.

Permanent total disability
If the insured is rendered completely disabled in a permanent way that is beyond the ability of medicine to heal, they will be entitled to avail benefits pay-outs, as mentioned in the guidelines of their policy. Even if the disability was not prominent at the time of the accident, but arises as a result of an accident within a year of it occurring, the insured will be able to avail benefits.

Permanent partial disability:
If the insured is rendered partially disabled in a permanent way that is beyond the ability of medicine to heal, they will be entitled to avail benefits pay-outs, as mentioned in the guidelines of their policy.

Temporary total disability:
Depending on the individual personal accident policy you purchase, you may be able to avail temporary total disability coverage. Under this benefit, if the insured individual is rendered completely disabled, even if on a temporary basis because of an accident, they are eligible for benefit pay-outs. This type of disability refers to a condition that can be restored by treatment or medicine, and the insured can return to their original productive and working capacity.

Major Exclusions

Intentional injury.

Injuries from a civil or foreign war.

Injuries that are incurred because the policyholder was under the influence of drugs or alcohol.

Injuries incurred because of active participation in violent public disorders or labor disturbances.

Injured on duty with any of the armed forces.

Injuries that arise because of participation in any adventure sports.

Claims that arise out of past illnesses or sicknesses.

Claims that arise out of pregnancy or childbirth-related issues.

Cancellation
We may cancel the policy on grounds of fraud, moral hazard or misrepresentation or non-cooperation by you by sending 30(thirty) days notice by registered post to your last known address. You will then be entitled to, except in case of fraud or illegality on your part, a pro-rata refund of premium for the unexpired period of this policy in respect of such insured person(s) in respect for whom no claim has arisen.

You may cancel the policy by sending written notice to us under the registered post. We will then allow a refund as per the company guidelines, except for that insured person (s) for whom the claim has been preferred on us under the current policy.