accident Accident insurance is gaining popularity with the increase in the

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					Accident insurance is gaining popularity with the increase in the number of Accident injuries and
deaths. Insurance companies accidental covers for individuals and families as well. This means
you can cover your spouse and children in the same policy but by paying a higher premium. The
plan can be customised to suit the needs of different clients.

Types Of Accident Insurance Available :

       NRI Accident Insurance
       Personal Accident Insurance

Calculation of Accident Insurance Amount/Premium:
The amount of premium paid depends on a number of factors. Discount on premium is provided
by some companies on family insurance. Premium can be paid on a monthly/quarterly/half-
yearly/yearly basis. Insurance companies now offer online instant quotes to identify the amount
of insurance cover an individual will need.

Accident Insurance Claim Procedure:
Customers can report a claim either on toll free numbers provided by insurance companies or
directly get in touch with the claim representatives. Filling a claim form is the first step for
making a claim. A company surveyor will analyse the bills of hospitals/nursing home homes and
then make a report. Claim process can take anywhere between 7-21 days.

Accident Insurance

Accident insurance is gaining popularity with the increase in the number of Accident injuries and deaths.
Insurance companies accidental covers for individuals and families as well. This means you can cover
your spouse and children in the same policy but by paying a higher premium. The plan can be
customised to suit the needs of different clients.

Types Of Accident Insurance Available :

* NRI Accident Insurance
* Personal Accident Insurance

Calculation of Accident Insurance Amount/Premium:
The amount of premium paid depends on a number of factors. Discount on premium is provided by
some companies on family insurance. Premium can be paid on a monthly/quarterly/half-yearly/yearly
basis. Insurance companies now offer online instant quotes to identify the amount of insurance cover an
individual will need.

Accident Insurance Claim Procedure:
Customers can report a claim either on toll free numbers provided by insurance companies or directly
get in touch with the claim representatives. Filling a claim form is the first step for making a claim. A
company surveyor will analyse the bills of hospitals/nursing home homes and then make a report. Claim
process can take anywhere between 7-21 days.

Documents Required for Accident Insurance Claim:

1. Hospital's Report
2. Disability certificate from doctor (If any)
3. Laboratory reports
4. FIR



List of Some of Insurance Companies Offering Accident Insurance:
Bajaj Allianz - Accident & Injuries Cover
The New India Assurance Co.- Accident Covering Policy
Tata AIG General Insurance - Accident Guard
United India Insurance Co. - Accident & Hospitalisation Policies
HSBC - MahaRaksha Personal Injury Policy

NRI Accident Insurance

The insurance covers Non-Resident Indians from 3 months of age till 70 years. It is a comprehensive
insurance covering accidental loss, permanent disablement due to accident, medical expenses incurred
due to illness in a foreign country, education fund of dependent children etc.

Calculation of NRI Accident Insurance Amount/Premium:
The amount of premium depends on a number of factors. Premium is paid on a monthly/quarterly/half-
yearly/yearly basis.

NRI Accident Insurance Claim Procedure:
In the event of claim, written intimation must be given by the insured/assignee to the insurance
company. The claim can also be reported on company's toll free number. Upon receipt of the intimation
of claim the company deputes its surveyor or claim representative and process the claim. Copy of the
claim format is annexed. The claim process can take anywhere between 7-15 days.

Documents Required for NRI Accident Insurance Claim:

1. Claim form
2. FIR Form
3. Prescriptions given by the treating doctor
4. Hospital Discharge Card
5. Diagnosis reports like X-Ray report, etc.
6. Disability Certificate
List of Some of Insurance Companies offering NRI Accident Insurance:
National Insurance Company Ltd. - Policy For Non-Resident Indians
HDFC - Tricare Plan

Personal Accident Insurance

Few people have taken cover to protect themselves against the risk of personal accidents and the
medical complications they entail. Personal accident insurance insurance is an attractive option; not
only does it cost less than other insurance policies, it also covers all accidents. Personal accident policies
cover you for one or more of four contingencies in the event of an accident: death, permanent total
disability, permanent partial disability and temporary total disability.

Calculation of Personal Accident Insurance Amount/Premium:
The amount of premium depends on the nature of occupation of the individual.
The classification of occupation varies among different insurers.
The premium is far less as compared to other policies. Premium can be paid on a
weekly/monthly/quarterly/half-yearly/yearly basis.

Personal Accident Insurance Claim Procedure:
Claims are generally settled within four weeks of completion of paperwork along with supporting
medical certificates. In some cases, insurers may depute a panel of doctors to verify the
insuranceholders' claims.

Documents Required for Personal Accident Insurance Claim:

1. Claim form
2. FIR Form
3. Prescriptions given by the treating doctor
4. Hospital Discharge Card
5. Diagnosis reports like X-Ray report, etc.
6. Disability Certificate



List of Some of Indurance Companies offering Personal Accident Insurance:
Bajaj Allianz - Personal Guard
The New India Assurance Co. - Personal Plans
United India Insurance Co. - Claim Against Personal Injury
HSBC - MahaRaksha Personal Injury Policy
Tata AIG General Insurance - Accident Guard

				
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