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Personal Accident Insurance

Frequent Asked Questions

What is covered under Personal Accident Insurance plan?

Personal accident insurance plan covers the medical expenses arising due to an accident. The medical expenses can be claimed for any bodily injury, partial disability, permanent total disability, or even death.


Disclaimer - *Conditions apply. This product is offered under the Group Insurance scheme wherein Bajaj Finance Limited is the Master policyholder. The insurance coverage is provided by our partner Insurance Company. Bajaj Finance Limited does not underwrite the risk. IRDAI Corporate Agency Registration Number CA0101. The above mentioned benefits and premium amount are subject to various factors such as age of insured, lifestyle habits, health, etc (if applicable). BFL does NOT hold any responsibility for the issuance, quality, serviceability, maintenance and any claims post sale. This product provides insurance coverage. Purchase of this product is purely voluntary in nature. BFL does not compel any of its customers to mandatorily purchase any third party products.”

What is the maximum amount of compensation for Personal Accident Insurance?

One can get up to 125% of sum insured paid as compensation in case of a permanent total disability.

Which expenses can be claimed under Personal Accident Insurance Plan?

You can claim the medical expenses due to an accident, transportation expenses, compensation for missing out your regular income (hospital confinement allowance), and children education fund.

What is considered as an accident to claim expenses?

An unexpected or unfortunate event caused by a collision or an explosion on road, rail, or air is treated as an accident.