Personal Accident Insurance
Personal Accident Insurance
Find out how this plan works for you
Accidents can happen when you least expect it, and a serious injury or accidental death could have devastating financial consequences for you and your family.
The value of human life and sufferings cannot be measured with money, but with a view to provide some relief to you or members of your family in the event of an unfortunate accident, Personal accident insurance can help protect your financial security until you get back on your feet and return to work.
18 years to 70 years with renewability up to 70 years.
3 years to 25 years can be covered as dependents.
Sum Insured eligibilityMaximum sum insured that can be allowed is based on the monthly income of the person:
|Cover||Maximum Multiplying Factor on Monthly income|
|*Class 1||*Class 2||*Class 3|
|Permanent Total Disablement||144||144||144|
|Permanent Partial Disablement||144||144||144|
|Temporary Total Disablement||24||24||Not applicable|
For eg for Accidental death cover- A salaried person is eligible for a sum insured upto a maximum of 144 times of his monthly income (as appearing in Salary Slip / Income Tax Returns). And a self-employed person is eligible for a sum insured upto a maximum of 144 times of his monthly income (as appearing in Income Tax Returns). A person classified under class 3 (listed below) is eligible for a sum insured upto a maximum of 144 times of his monthly income (as appearing in Income Tax Returns).
Similarly for other covers as enumerated above, you are eligible for a sum insured as mentioned in the table.
* Class I - Accountants, Doctors, Lawyers, Architects, Consulting Engineers, Teachers, Bankers, Persons engaged in administrative functions, Persons primarily engaged in occupations of similar hazard.
*Class II - Builders, Contractors, Sales executives and Engineers engaged in superintending functions only. Veterinary Doctors, paid drivers of motor cars and light motor vehicles and persons engaged in occupations of similar hazard and not engaged in manual labor.
All persons engaged in manual labor (Except those falling under Group III) Cash Carrying Employees, Garage and Motor Mechanics, Machine Operators, Drivers of trucks or lorries and other heavy vehicles, Professional Athletes and Sportsmen, Woodworking Machinists and persons engaged in occupations of similar hazard.
*Class III - Persons Working in underground mines, explosives, magazines, workers involved in electrical installation with high tension supply, Jockeys, Circus personnel, Persons engaged in activities like racing on wheels or horseback, big game hunting, mountaineering, winter sports, skiing, ice hockey, ballooning, hand gliding, river rafting, polo and persons engaged in occupations/activities of similar hazard.
How you benefit*?
You or your family get a Worldwide cover, 24/7
Very Flexible and you can cover your spouse and children also.
No medical questionnaire or medical examination.
You pay less for more. Family discount @ 10% in case more than one person is covered under the same policy.
Specialist claims service and Claims settlement within 14 working days***
Portability. Port your existing policy with us to opt for our benefits and services. Portability can be offered as per the Portability guidelines of IRDAI.
Grace period. You can renew your Policy within 30 days from the date of expiry of your policy
Free Look Period. Not satisfied with the coverage, and terms and conditions of the policy, opt for cancellation of the policy within 15 days from the date of receipt of the policy documents, provided there has been no claim and you shall be entitled to a refund as per the Policy terms and conditions
* Please see the brochure for complete details.
** Family means Self, Spouse and 2 dependent children upto the age of 25 years
*** Subject to all required documentation/information being submitted.
This policy covers the insured in case of Permanent Total Disability, Permanent Partial Disability, Temporary Total Disability & Death arising due to Accident including Disappearance and Drowning.
Under Permanent Total Disability and Permanent Partial Disability benefits, covers like Coma, Accidental Head Injury, Burns etc are being covered separately under Special conditions.
An inbuilt cover for Repatriation Benefit and Funeral Expenses-An amount up to a maximum of 1% of the Accidental Death Sum Insured would be reimbursed for the repatriation of the insured person’s remains subject to maximum of ₹ 12500/- . No additional premium to be paid for this cover.
Terrorism is covered.
Child Education Support
In case of Accidental death or Permanent Total Disablement, the sum insured mentioned against this benefit per month for the maximum period as stated in the Policy Schedule, is paid towards your children's education benefit.
In case of hospitalisation for Inpatient Care in India, due to accidental bodily injury, reasonable Medical expenses for treatment or Surgery incurred up to the maximum sum insured shown in the Policy Schedule for this section, provided that the Hospitalisation commences within the same Policy Year This cover is independent of any claim under the primary covers. * Special exclusions for this section
i. Pre-hospitalization Medical Expenses and Post-hospitalisation Medical Expenses are not covered
ii. AYUSH are not covered.
All other Standard exclusions are applicable for this cover.
Accidental Medical expenses
In case of Accidental Death, Permanent Total Disablement or Permanent Partial Disablement, Temporary Total Disablement, reasonable medical expenses will be reimbursed,for medical treatment or Surgery for the Injury sustained, provided the treatment is availed in a Hospital or Day care centre in India including as OPD treatment/ Day Care Treatment. The maximum amount payable shall be 40% of the valid Personal Accident claim amount or 20% of the relevant sum insured whichever is less subject to maximum of ₹ 10,00,000(Rupees Ten lacs only).
Hospital Cash Allowance
The insured person may apply for per day hospital cash (subject to limits as specified in the policy schedule), in the event of an accidental bodily injury and subsequent hospitalisation.
* Special exclusions for this section
i. AYUSH are not covered. All other Standard exclusions are applicable for this cover.
Chauffeur Plan Benefit
The company will pay the daily amount up to the Sum Insured up to a maximum of 30 days, for the hire of a taxi or chauffeur driven car or other necessarily incurred extra costs to maintain the Insured Person's mobility to meet his/her work/Occupational commitments in case the Insured Person sustains an Injury and We making payment for a claim under Permanent Partial Disablement or Temporary Total Disablement.
Road Ambulance Cover
The company will reimburse the actual expenses of transfer of Insured Person to the nearest Hospital or up to a maximum amount as mentioned in the Policy Schedule, in case the Insured Person suffers an Injury in India during the Policy Year and it is necessary to immediately transfer such person from the site of Accident to the nearest Hospital/ Day Care Centre/ Nursing Home by road in an ambulance, subject to a valid claim being admissible under the Primary Cover(s) of the Policy. * Specific Conditions for this section
a. Expenses for road ambulance transportation are restricted within India only.
b. Return transportation to the Insured Person’s home by ambulance is excluded.
In case of Accident which causes fracture (a break in the continuity of a bone), the percentage of the Sum Insured is paid as specified in the table of benefits.
In the event of Accidental Death or Permanent Total Disablement, the sum insured mentioned against this benefit per month for the number of months mentioned in the Schedule is paid.
In case of a Permanent Total disablement arising out of an accident an amount up to 10% of the Permanent Total Disablement sum insured subject to maximum of ₹ 50,000 will be reimbursed to you towards the cost of modifying your house or vehicle.
Life Support Benefit
In case of Permanent Total Disablement, the sum insured mentioned against this benefit per month for the number of months mentioned in the Schedule is paid.
Air Ambulance Cover
The company will pay the expenses incurred for ambulance transportation in an airplane or helicopter for rapid ambulance transportation, in case the Insured Person suffers an Injury which causes emergency life threatening conditions during the Policy Year and it is necessary to immediately transfer such person from the site of Accident to the nearest Hospital/ Day Care Centre/ Nursing Home. * Specific Conditions for this section
i. Expenses for air ambulance transportation are restricted within India.
ii. Return transportation to the Insured Person’s home by ambulance is excluded.
iii. Insured needs to make an intimation before availing the benefit under Air Ambulance Cover.
Adventure Sports Benefit
The company will pay the expenses incurred in case of Injury which causes Accidental Death or Permanent Total Disablement whilst engaged in Adventure sports in a nonprofessional capacity and under the supervision of a trained professional, during leisure trip. The maximum amount payable shall be limited to 50% of Sum Insured under Accidental Death benefit to a maximum of ₹ 50,00,000/- (Rupees Fifty lacs only).
Family Transportation Allowance
When as a result of an accident resulting in either accidental death or permanent total disablement or permanent partial disablement, the insured person is confined in a hospital outside 100 kms of his residence, we will reimburse the expenses for transportation by the most direct route by a licensed common carrier to the place of Hospitalization of the Insured Person, incurred by the immediate family member on recommendation of a medical practitioner, to reach the insured person, limited up to 10% of the Principal Sum Insured or as mentioned in the policy schedule, whichever is less, subject to maximum ₹ 50,000/-
Exclusions of this plan
Prior to the Inception of the Policy
Any existing disablement prior to the inception of the policy.
Suicide ,attempted suicide is not covered.
Military or Armed Forces
Serving in military, armed forces.
Influence of Intoxicants
Under the influence of drugs, alcohol & other intoxicants.
Event of Riots or War
Participation in felony, riots, war etc.
Exposure to Radioactive Materials
Exposure to nuclear, radioactive materials.
Loses Due to Pregnancy
Loss due to child birth or pregnancy.
How can you buy this Policy?
Buy your Health Insurance Plan online
Buying your Accident insurance plan online for you and your Family in simple steps. Here are the steps to buying online:
Get an Online Quote
It takes just a few minutes to generate your quote online.
The sum insured is available on individual basis, each individual of a family is entitled to a sum insured you opt.
Get your Accident Insurance quote
Fill in Your Proposal Form
You need to fill in the proposal form and answer from basic questions before you can buy the policy.
Review Your Proposal
Review your quote and verify you have provided correct information including your nominee name and the premium you need to pay.
Complete Your Purchase
After you confirm your premium and agree to the terms & conditions, select a payment method (Credit Card/Debit Card or Net Banking) and pay securely & conveniently in easy steps and you’re done.
Download Your Policy
You can download your policy schedule and print it out. A copy of the policy is also sent to the email address you have provided during the time of registration.
Good health adds years to your life. Secure your family today by buying Future Generali Health Insurance Plan.
What happens next after you have purchased
When you become a Future Generali Customer, you will receive a policy kit containing the following:
- Complaint/Feedback Form
Should you have any complaints/feedback, you can fill in the form and submit it to the nearest branch or email it to us.
- Grievance Redressal Procedure
along with list of ombudsman addresses.
In case you are not satisfied with the resolution to your complaint provided by us, you may approach the Insurance Ombudsman for review.
You can expect to receive this pack within 12-15 working days of purchasing our Personal Accident insurance.
Making a Claim
At Future Generali, we will do everything to make your claim as simple and convenient as possible. And here are few reasons why:
We have an in-house claim settlement process team that processes your claims within 30 working days from the time we receive your claim intimation form along with the required documentation. Find out more about how to make a claim or check out our claim process.
In-house team of professionals who can give specialised advice.
Contact our Helpline
In case you wish to speak to our experts about your policy, you can call us on:
You ask. We answer.
You have taken a considered decision of taking a Life Insurance policy which is indeed wonderful however protection offered by Personal Accident policy is far wider in terms of coverage e.g. In personal accident policy you may opt for Weekly compensation for Accidental Temporary Disability and Accidental hospitalisation covers.
This depends on your risk perception and cover under Personal Accident policy is made available based on your current income. Accidental death cover is given up to 144 x (times) your Monthly Income (as per Risk class under which you are assessed). For eg - A salaried person is eligible for a sum insured upto a maximum of 144 times of his monthly Income (as appearing in Form 16 / Salary Slip / IT Acknowledgment) and a Self Employed Person is eligible for a sum insured up to a maximum of 144 times of his monthly income (as appearing in IT Acknowledgment /Audited P & L). A person working in underground mines is eligible for a sum insured up to a maximum of 144 times of his monthly income(as appearing in Form 16 / Salary Slip / IT Acknowledgment).
At Future Generali, we offer flexibility to our valued customers to select the optimum coverage as per the risk class and income.
Both you and your husband can take Personal Accident policy as per your current income and choice of covers; however rate of premium will be different for you and your husband as it depends on Risk classification. You (Dentist) and similar other professional like teachers, bankers, architects, lawyers, accountants etc are classified under risk Class 1 and pay lower premium than risk Class 2 professional like Sales executives, Builders, Contractors and people engaged in similar professions.
Yes this must be informed to the insurance company in writing within 30 days of the change by filling a fresh Proposal form. If not disclosed within the said period , then the insurance will cease as far as the Insured Person is concerned from the date of change of Occupation.
Yes, the coverage under Future Generali’s policy is worldwide and 24X7 except when you are travelling to countries where Government of India has imposed travel and other restrictions. However, claims, if any, will be paid in Indian currency only.
Tax benefits are not available under Personal Accident Policy.
Apart from primary covers viz. Accidental death, Permanent Total disability, Permanent Partial disability and Temporary Total Disability; Future Generali offers many additional and unique coverage options like Child Education Support, Life Support Benefit, Accidental Hospitalization, Accidental Medical Expenses, Hospital Cash Allowance, Loan Protector, Adaptation Allowance, Family Transportation Allowance, Broken Bones, Road Ambulance cover, Air Ambulance cover, Adventure Sports Benefit and Chauffer Plan benefit to choose from.
No, weekly compensation benefit is given to earning people only however benefit up to Rs. 1000 per week for 100 weeks may be allowed for your wife if she is insured as a dependent under your Personal Accident policy.
Yes it is covered (except in case of abetment of terrorism)
No, hospitalisation expenses are paid for in patient treatment on Reimbursement basis.
Maximum renewal age up to 70 years.
Yes, non-working spouse can opt for personal accident policy as a self-proposer. The maximum sum insured that can be allowed is ? 10 lacs with TTD Sum Insured max ? 1 lakh (i.e. limited to ? 1000/- per week for 100 weeks).
Individuals from age 18 years to 70 years can opt for Future Generali’s Individual Personal Accident Policy. Children from age 3 years to 25 years can opt as a dependent.
Self, Spouse and maximum two dependent children can be covered in a single Personal Accident policy.
Repatriation of remains and Funeral Benefit is an inbuilt cover, no premium would be charged for this benefit.
The maximum payout in case of Permanent Total Disablement (PTD) is 150% of Sum Insured under PTD benefit.
Yes, for every continuous and claim free policy year, 5% increase in the Base Sum Insured will be available, subject to a maximum of 25% of the Base Sum Insured including if your policy is reported to us.
Top reasons why this plan is ideal for you
You or your family get a worldwide cover, 24/7
Very Flexible and you can cover your spouse and children also.
No Medical Examination
Quick Turnaround Time
Our average turnaround time for claims settlement is within 30 working days (Subject to all required information/documentation being submitted).
Port your existing policy with us to avail of benefits and services. Portability is as per the Portability guidelines of IRDAI.
30 Days for Renewal
From the expiry date of the policy, you get 30 days grace period for renewal.
Various additional coverages like – Child Education Support, Life Support Benefit, Accidental Medical Expenses, Accidental Hospitalization, Hospital Cash Allowance, Loan Protector, Adaptation Allowance, Family Transportation Allowance, Broken Bones, Road Ambulance Cover, Air Ambulance Cover, Adventure Sports Benefit, Chauffeur Plan Benefit are available under single product.
Free Look Period
If you are not satisfied with the coverage, and terms and conditions of the policy, you can opt for cancellation of the policy within 15 days from the date of receipt of the policy documents, provided there has been no claim and you shall be entitled to a refund as per the policy terms and conditions.