An accidental insurance policy serves as a monetary safeguard, providing protection against the uncertainties that may stem from unexpected accidents. Accidents can occur without warning, impacting anyone, anywhere, and at any time, potentially leading to unforeseen financial security concerns. Therefore, having accidental insurance becomes crucial, offering comprehensive coverage against accidental death, disabilities, and injuries.
👉 Accidental Death: If the insured passes away due to an accident, the agreed sum insured is provided to the nominee, as stipulated by the agreement between the insurer and the insured.
👉 Permanent Disability: In cases where an accident results in a lifelong disability, such as the loss of both eyes, a specified sum insured amount is disbursed to the policyholder.
👉 Permanent Partial Disability: If an accident leads to partial disability, such as the loss of one eye, a percentage (up to 100%) of the sum insured amount is paid to the policyholder.
👉 Temporary Total Disability: If the insured experiences a temporary disability due to an accident, financial protection is extended for that specific period.