Since the risk varies considerably based on a person’s occupation, claims are rejected if information is found to be false at the time of claim. Insured should share the designation and work profile of the employee at the time of policy inception.
Group personal accidental claim will be settle on reimbursement basis but now days few insurers start giving cashless facility for Group personal accidental policy as well with extra premium .
It is important to timely intimate the claim to the insurer. In case of death or involvement of third party, intimation to local authorities is also necessary. For example: FIR , Death report.
● There are specific exclusions such as
● Adventure sports
● Driving under the influence of alcohol
● Maternity related complications.
● Underground mining workers
● Naval, Military or Air Force Personnel
● Nuclear Risks
● Automatic passenger cover for Airlines, Crew of Aircraft
Association Of Driver and Underwater risk.
Media Personals, personal Association/ lawyers, Persons working in mining.
Tour Operators, Racing, Circus People, Skiing, Mountaineering.
Underground mining workers
Naval, Military or Air Force Personnel
Automatic passanger cover for Airlines, Crew of Aircraft
Children Education benefits, Funeral and Medical Expenses
Modification of residential accommodation and vehicle
Transportation Allowance, Travel Expences for medical treatement
Broken Bone, carriage of dead body and Industries Covered Under GPA.
Why Policy Nivesh
We are not selling anything online rather just educate customer about the product features , coverages, exclusions , claim settlement and all other things where customer get confused while buying any insurance/loans etc. If customer is satisfied with our product details than may ask for competitive quotes from various insurers.
We provide quotes at very fast turn around time.
Claim team for 24X7 customer service.
Sales & Support
Dedicated Sales, Support team is there to assist you.
Door step service
We will get the policy signed and picked up from your home.
Life is uncertain. As per Global Status Report on Road Safety 2013, one person dies every 4 minutes due to a road accident in India. Personal accident insurance policy becomes relevant when such accidents take place.
The premium amount is determined by the occupation of people. Professional mountaineers, pilots, miners have to pay higher premium rate than people with low risk jobs such as bankers, professors, IT professionals.
When making a claim you will be required to produce complete personal information (name, age, gender, address, ID proof) along with death certificate, FIR report, post-mortem report, medical bills and medical certificate.
The risks covered are different. Health insurance covers medical treatment costs, particularly hospitalization. Personal accident covers accidental death and dismemberment. That’s why you need a separate personal accident insurance policy.