A 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.
One can get up to 125% of sum insured paid as compensation in case of a permanent total disability.
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.
An unexpected or unfortunate event caused by a collision or an explosion on road, rail, or air is treated as an accident.