Ensure comprehensive coverage and affordability
Yes, you read it right! For most of us, a personal protect cover that can cushion finances against accidents may cost less than a daily cup of chai. Think of all the things that you spend on an average day – that burger costing ₹15, or that samosa worth ₹10. Or even that cup of cutting chai that costs ₹8. Now compare it to a personal protect cover premium, which will cost you just ₹6 per day!
Why do You Need a Personal Protect Cover?
According to the National Crime Records Bureau (NCRB), 51 cases of road accidents took place every one hour during 2014 in India, wherein 16 persons were killed. During 2014, a total of 4,50,898 cases of ‘Road Accidents’ were reported which rendered 4,77,731 persons injured and 1,41,526 dead. Deaths due to ‘Road Accidents’ in the country have increased by 2.9% during 2014 (1,41,526) compared to 2013 (1,37,423).
The increasingly congested roads, coupled with inadequate infrastructure and negligence of traffic rules has resulted in this steep rise in the number of traffic accidents. Moreover, a majority of the Indian population does not have adequate insurance cover and pay hospital expenses out of their pockets in case of any mis-haps.
What is Personal Accident Insurance?
Personal Accident Insurance policy provides a comprehensive cover against permanent total disablement or pays the sum assured to nominee in case of an unfortunate death of the policyholder due to accident. Most individuals refrain from opting for this cover because they feel they don’t need it, or because they consider it to be too expensive. However, fact of the matter is, anyone is susceptible to accident. And the cover costs less than a cup of chai!
What are the features of a Personal Protect Cover?
Cover against Accidental Death – In case of unfortunate death of the policyholder due to the occurrence of accidental bodily injury, the entire sum assured is paid to the beneficiary.
Cover against Permanent Total Disability – It covers the loss due to bodily injury that results in loss of limbs, eyesight. However, the cover is valid only if the injury has been caused directly because of an accident. The terms of coverage and compensation differs across insurance providers.
Accidental Hospitalisation Expenses Reimbursement – Get reimbursement for expenses in case of a minimum 24-hour hospitalisation due to injury.
Accidental Hospital Daily Allowance – Some insurance companies offer an additional cover that gives you a per day allowance for each day of hospitalisation after the accident.
With ICICI Lombard, you can opt for a Personal Protect cover without undergoing any health check-ups. What's more, you can get additional covers like Medical Benefits Extension or Repatriation of Remains, etc. as per your requirement. With customised coverage, you can adjust your insurance as per your needs.
Learn more about ICICI Lombard's Personal Protect Cover.