health insurance

What is Personal Accident Insurance?

Definition of Personal Accident Cover

Personal accident insurance is an agreement between the insurance company and the person insured where the former will provide financial compensation to the latter or his/her family in case of permanent disability/death caused directly and only due to any accident. You will find an accident insurance policy from several insurance companies in the country. In case there is an injury due to an accident that requires immediate treatment, the policy will ensure coverage for the costs in this case. These reimbursement amounts are very useful in such situations. Several policies have risk coverage against accidental death of the person insured. There is coverage for disability caused by an accident. These plans are often available as add-ons with home or car insurance policies.

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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.”

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