Indian Accident Insurance, India Accident Insurance, Accident Insurance India

By: EconomyWatch   Date: 26 May 2010

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Indian accident insurance is a security cover for people against financial problems that may arise when they get mortally or physically injured in an accident. Accident insurance India covers injuries inflicted to a policyholder through an unforeseen or unexpected event caused solely by a third party. With the help of this India accident insurance cover, a policyholder or his/her family can deal with the financial crisis arising out of high medical expenses or even death of the policyholder.

According to the statistics published by the National Crime Record Bureau of the Ministry of Home, about 314,704 accidental deaths occurred in 2006. Of the total accidental deaths, 105,725 people died and thousands were seriously injured in road accidents. These statistics depict a high probability of people being involved in accidents in India, which makes the Indian accident insurance policy critical for everyone. Keeping in mind these logistics, insurance companies in India have extended the India accident insurance cover to include the spouse and children of a policyholder in the same policy.

Indian Accident Insurance: Types

There are two types of Indian accident insurance policies: NRI accident insurance and personal accident insurance.

  • NRI accident insurance: As the name suggests, only non-resident Indians (NRI) are eligible for this type of insurance. The age of an applicant for this policy could range from three months to 70 years. This India accident insurance policy provides financial cover in the form of medical cost reimbursement and education fund for dependent children, in case a policyholder is temporarily or permanently disabled in an accident.
  • Personal accident insurance: This policy protects the policyholder from financial risks arising out of accidents and the resultant medical complications. This Indian accident insurance policy covers all types of accidents and contingencies, such as temporary total disability, permanent partial disability, permanent total disability and death.

    • Documents Required to Claim Benefits of Indian Accident Insurance

    To make a claim for insurance benefits, you need the following documents:

  • Claim form
  • FIR report of the accident
  • Prescriptions of the doctor treating the injured person
  • Hospital discharge card or hospital report
  • Diagnosis reports, such as X-Ray, ultrasound, MRI, etc.
  • Disability Certificate

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