Personal Accident Insurance is an annual insurance policy that provides financial compensation in case of accidental injury, disability, or accidental death. Accidents are unpredictable and can lead to serious physical and financial consequences. With rising medical expenses and income disruption risks, having a personal accident cover is essential.
Through this policy, SBMFA Insurance ensures that you and your family remain financially protected if an accident results in permanent disability or death. In case of accidental death, the nominee receives the Accidental Death Benefit, helping the family manage financial obligations during a difficult time.
• Accidental Death
• Permanent Total Disability
• Permanent Partial Disability
• Temporary Total Disablement
• Ambulance Charges
• Transportation of Mortal Remains
| Key Features | Benefits |
|---|---|
| Financial Security for Your Family | If an accident leaves you unable to earn due to temporary or permanent disability, this policy provides a lump sum compensation, ensuring that your family’s financial needs are taken care of. |
| No Medical Examination Required | Unlike many life or health insurance policies, Personal Accident Insurance generally does not require pre-policy medical tests, making the purchase process quick and convenient. |
| Minimal Documentation | The policy involves simple paperwork and basic KYC requirements, making it easy to apply and get coverage without lengthy procedures. |
| Worldwide Coverage | Most plans offer global coverage, meaning you are protected against accidental risks anywhere in the world (subject to policy terms and conditions). |
| Easy and Hassle-Free Claim Process | The claim process is straightforward. You need to inform the insurer, submit the required documents, and after verification, the compensation amount is disbursed. Additionally, many policies provide structured benefits for cases such as amputation, loss of limbs, disfigurement, or permanent disability, ensuring broader protection. |
This plan covers a single individual against accidental death and disability. It is ideal for:
• Salaried professionals
• Self-employed individuals
• Business owners
• Primary earning members
The compensation can be used for medical expenses, loan repayments, household costs, or rehabilitation needs.
This policy is typically offered by employers to their employees. It provides accidental coverage during employment and serves as a valuable employee benefit.
The policy can also be purchased online for added convenience.
Timely notification helps in faster claim settlement.
Insurer | Plan Name | Entry Age | Policy Term | Coverage Amount |
| Manipal Cigna | Protection Accident Care | 18–80 years | 1–3 years | ₹5 lakh – ₹10 crore |
| Aditya Birla | Active Assure Plan | 5–65 years | 1–3 years | Up to 12× annual income |
| Bajaj Allianz | Personal Guard | Adult entry | Annual | ₹10–25 lakh |
| Bharti AXA | Smart Individual Plan | 18–70 years | Varies | ₹2–20 lakh |
| Future Generali | Personal Accident Plan | 18–70 years | Annual | Income-based |
| Kotak General | Accident Care | 5–65 years | 1–3 years | As per plan |
| Max Bupa | Personal Accident Plan | 18–65 years | 1–2 years | ₹5–25 lakh |
| National Insurance | Personal Accident Plan | 5–70 years | 1 year | Up to ₹10 lakh |
| Oriental Insurance | Janata PA Policy | 10–80 years | 1 year | ₹25,000 – ₹5 lakh |
| Reliance | Individual PA Policy | 18–65 years | 1 year | ₹5–75 lakh |
| Star Health | Accident Care Plan | 18–70 years | 1–3 years | ₹5–15 lakh |
| SBI General | Individual PA Plan | 18–65 years | 1 year | ₹1–10 lakh |
| United India | Personal Accident Plan | 5–70 years | 1 year | ₹25,000 – ₹10 lakh |
Note: Plan details may vary as per insurer guidelines.
This policy is especially beneficial for:
Individuals working in high-risk occupations
Self-employed professionals
Business owners
Frequent travelers
Primary earning members of a family
Even if you already have Life Insurance or Health Insurance, Personal Accident Insurance provides an additional lump sum payout, which is different from medical reimbursement benefits.
Coverage Amount – Choose coverage based on income and liabilities.
Premium Cost – Premium depends on occupation risk and coverage amount.
Scope of Coverage – Ensure both death and disability are covered.
Claim Settlement Process – Opt for insurers with a smooth claim process.
Additional Benefits – Check for hospital allowance, child education benefit, etc.
A common guideline suggests opting for coverage equal to 100 times your monthly income.
For example:
If your monthly income is ₹30,000 → Suggested coverage would be approximately ₹30 lakh.
This ensures that your family can manage financial responsibilities even if an accident impacts your earning ability.
The sum insured depends on your income, occupation, and risk profile.
Yes, if you hold multiple valid policies, you may claim under each policy as per their terms.
Generally, premiums paid for Personal Accident Insurance are not eligible for tax deduction.
Life Insurance covers death due to all causes, whereas Personal Accident Insurance specifically covers accidental death and disability.
SBMFA Insurance Broking Private LTD
IRDAI License No : 1137
IRDA Direct Broker Code : IRDA/DB 1243/2025
Valid till : 22/01/2029
CIN : U66220RJ2025PTC099741
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