Personal Accidental Insurance

Bajaj Finserv Health offers one of the best accidental insurance policies in India with a coverage amount of Rs 10-25 lakhs.

A standard life insurance policy pays your beneficiaries a death benefit. An accidental death policy, however, only provides coverage in case you die due to an accidental event. In the event of dismemberment, you would have lost part of your body as a result of an accident.

A beneficiary is someone who benefits from something and/or gains an advantage. Typically, a beneficiary is someone who is eligible to receive distributions from a trust, will, or life insurance policy.

An accident insurance policy pays for your medical expenses and other out-of-pocket costs arising from an accident. Among these are emergency treatments, hospital stays, medical exams, as well as transportation and lodging needs.

Ideally, you should file a claim as soon as possible following an accident, but you may need to notify your insurance company within 30 days.

You along with your spouse and dependent children upto an age of 21 years will be covered under this policy.

Yes, you need a FIR. In the absence of a FIR, no insurance company will consider your claim and without receiving a police report, no FIR will be filed. Accordingly, you must obtain a copy of the FIR at the earliest possible opportunity.

In most cases, AD&D insurance payments reflect the face value of the original life insurance policy, meaning that upon the accidental death of the insured, the beneficiary receives a benefit equal to twice the face value of the insurance policy.

You can get accident insurance to help cover medical expenses and other expenses incurred because of an accident. Expenses such as emergency treatment, hospital stays, medical exams, and transportation and lodging can be included.

In the event that you cannot get your money back, you can take the insurer to court or sue the insurance company. Insurance companies should claim back the excess if they have dealt with the claim.

You need to inform your insurance company as soon as possible if you are involved in an accident. Your insurer will usually require that you tell them within 24 hours of the incident.

It may be possible for you to receive compensation for all types of injuries, both physical and mental, if you were involved in a car accident that wasn't your fault. This would include anxiety.

Yes. Buying and holding multiple policies is perfectly legal. In the event of accidental death, the beneficiary is entitled to claim on all of the life insurance policies he owns.

In accordance with Section 80C, personal accident policies are not tax deductible. These policies include accident insurance, trauma insurance, and critical care insurance policies that pay premiums to cover physical injuries.

Claims are often rejected or denied due to billing and coding errors, either accidentally or intentionally. Incomplete or incorrect information may be included. Make sure your billing statement is accurate.

Yes, married couples automatically get each other's benefits.
The designated beneficiary receives 50 percent of the assets if someone else is the spouse. In this case, the spouse receives 50 percent and the named beneficiary receives the other 50 percent.