Personal accident
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Personal Accident Insurance – An Overview
Personal Accident Insurance provides financial protection against unforeseen events like accidental injuries, disabilities, or death. In the event of an accident, this policy ensures the policyholder or their family receives compensation to manage medical expenses, loss of income, or long-term care. Fastzeal offers tailored personal accident insurance plans that secure your future against uncertainties with affordable premiums and quick claim settlement processes.
What is Personal Accident Insurance?
Personal Accident Insurance is a specialized policy that offers coverage for injuries or death caused solely and directly due to an accident. The policy covers accidental death, permanent or partial disability, temporary total disability, and associated medical expenses. It is essential for individuals in all professions, especially those exposed to physical risk, to ensure financial security for themselves and their families.
Types of Personal Accident Insurance
1. Individual Accident Insurance
Designed for single individuals seeking coverage for themselves.
2. Group Accident Insurance
Covers a group of people (e.g., employees in a company) under a single policy.
3. Family Accident Insurance
Extends personal accident coverage to the insured’s family members under one policy.
4. Accident Insurance for Employees
A corporate policy offering financial security to employees in case of accidental injuries or fatalities.
What are the Benefits of Personal Accident Insurance?
1. Financial Security: Provides lump-sum compensation in case of accidental death or permanent disability.
2. Coverage for Medical Expenses: Offers reimbursement for hospitalization, treatment, and ambulance charges due to an accident.
3. Disability Support: Covers both partial and total disabilities, ensuring continued income and rehabilitation support.
4. Affordable Premiums: High-value coverage at very low premium rates.
5. Worldwide Coverage: Protection valid globally for Indian citizens.
6. Add-On Options: Additional benefits like child education allowance, funeral expenses, and family transportation.
7. Quick Claim Settlement: Fastzeal ensures a hassle-free and transparent claim process with minimal paperwork.
Eligibility Criteria for Personal Accident Insurance
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Age Limit: 18 to 65 years (can extend up to 70 with specific plans)
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Employment Type: Available for salaried, self-employed, professionals, and businesspersons
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Medical History: Generally does not require pre-policy medical tests
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Citizenship: Must be an Indian resident (coverage for NRI may vary with insurer)
Documents Required for Personal Accident Insurance
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ID Proof (Aadhar Card, PAN Card, Passport, etc.)
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Address Proof (Utility Bill, Voter ID, etc.)
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Recent Photograph
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Income Proof (for high coverage policies)
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Medical Reports (in case of pre-existing health conditions or claims)
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Accident FIR or Police Report (for claims)
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Hospitalization/Medical Bills (for reimbursement claims)
Process to Apply for Personal Accident Insurance through Fastzeal
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Visit Fastzeal Website or App: Navigate to the Personal Accident Insurance section
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Fill Out the Form: Provide basic personal and occupation details
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Compare Plans: Fastzeal recommends the best policies based on your lifestyle and budget
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Upload Required Documents: Easily submit documents online
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Make Secure Payment: Pay your premium digitally
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Download Your Policy Instantly: Get your policy document via email and Fastzeal dashboard
Key Features of Personal Accident Insurance
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Accidental Death Benefit: Lump-sum payout to nominee in case of death due to an accident
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Permanent Total Disability Cover: Compensation if the policyholder is permanently and totally disabled
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Permanent Partial Disability Cover: Proportionate payout for partial disability
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Temporary Total Disability Benefit: Weekly income replacement during recovery
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Medical Expense Reimbursement: Covers accident-related hospital bills
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Ambulance and Transport Charges: Coverage for emergency transport
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Add-on Covers: Child education grant, loan protection, burns/disfigurement cover
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Tax Benefit: Premiums may be eligible for deduction under Section 80D
Frequently Asked Questions:
Accidental death, permanent/partial disability, temporary disability, medical expenses, ambulance costs, and add-on benefits.
Yes, it specifically covers accidental injuries and death, while health insurance covers a broader range of illnesses and treatments.
Yes, in most cases, a medical test is not required unless you have known medical conditions or opt for a high sum insured.
Not at all. Fastzeal simplifies the entire process online with guidance at every step.
Coverage for NRIs is subject to terms by the insurer. Please check with Fastzeal before purchasing.
Yes, with a family personal accident insurance policy.
Once documents are verified and payment is made, you’ll receive the policy within 24 to 48 hours through Fastzeal.
Premiums for personal accident insurance may qualify for tax deductions under Section 80D of the Income Tax Act.
You can still claim medical reimbursement and temporary disability benefits, depending on the policy terms.
Most policies offer worldwide coverage. However, it’s advisable to check for any geographical limitations.
