Personal Accident Insurance

Personal Accident Insurance is a form of insurance which compensates an individual against death, loss of limbs, loss of eyesight, permanent partial disablement, and permanent and temporary total disablement, resulting solely and directly from accidental injuries. Loss of eyesight means loss of eyesight in single and both eyes, lose of limbs means coverage for the loss of one or two limbs, knee, ankle, shoulder, hip, wrist or thumb and even any finger or big toe! But none of this is applicable if the loss occurs 12 months after the accident.

The benefits of the policy are applicable between the start and end date of the policy. The cover is for a month at a time and is automatically renewed every month till it is either cancelled, if three continuous monthly premiums are missed or due to death.

Inform Of Any Change Of Information

There are various insurance companies and agents available for guidance on the right policy to choose. One can also find out about insurance companies on the internet. But it is always best to compare the rates of interest of different companies and then choose the company offering the best rate.

Upon approaching the chosen company, the procedure starts by filling up the contact form. Later, if any of your personal information and circumstances does change, it is vital to inform the company, else your cover gets hampered. Due to this, there is always the possibility of the insurer canceling your policy by sending a registered letter to the last known address. Any valid claims made in this period will not affect any benefits, nor will you be entitled to a refund of premiums paid before the date of cancellation.

Circus Personel Has Accident Insurance

There are three groups of people who opt for accident insurance; of the normal, medium and heavy risk categories. Under normal risk fall the bureaucrats, architects, teachers, bankers and people engaged in occupations of similar hazard. Under medium risk fall the builders, engineers engaged in superintending, veterinary doctors, paid drivers, people engaged in manual labor (except those falling under heavy risk), cash carrying employees, garage mechanics, drivers of heavy vehicles and professional athletes and sportsmen. In the heavy risk category, fall the people working in underground mines and with explosives, workers involved in electrical installation with high-tension supply, circus personal, jockeys, winter sports, hang gliding, river rafting and people engaged in occupations/activities of similar hazards.

Suicide Is Not Covered By Accident Insurance

It should be remembered that certain cases of accidents are not covered -if an accident occurs due to suicide or direct or indirect attempt to suicide, from usage of any alcohol or drugs (unless under the advice of a doctor for a condition other than that of alcohol or drug addiction), injury due to epilepsy where no accident has occurred, war, pregnancy and childbirth or breakage of teeth or spectacles. In the case of an accident making you worse because you already had a disease, sickness, condition or injury, the policy benefit is reduced by an appropriate amount by taking this into account.