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What is Personal Accident Insurance

Personal Accident Insurance is a specialized policy that provides financial compensation in case of injuries, disabilities, or death resulting from violent, accidental, external, and visible events. This policy acts as a safety net, offering financial security to individuals and their families during unexpected crises.

Injury Coverage: Provides financial support for medical expenses related to accidental injuries.
Disability Compensation: Offers benefits for temporary or permanent disabilities caused by accidents.
Death Benefits: Ensures financial assistance to the policyholder’s family in the event of accidental death.
Comprehensive Protection: Covers a wide range of accidents, reducing the financial burden on individuals and families.

This insurance ensures that unforeseen accidents do not lead to financial instability, offering peace of mind and security.

Objective of Personal Accident Insurance

Coverage for Accidental Death

In case of the policyholder’s accidental death, the insurance provides a lump sum payment to the nominated beneficiaries, ensuring financial support during a challenging time.

Disability Coverage

It offers financial compensation for total or partial disability resulting from an accident. This can include both temporary and permanent disability, providing a financial cushion to cope with the loss of income and medical expenses.

Medical Expense Reimbursement

Many personal accident policies also cover the medical expenses incurred due to the accident. This includes hospitalization, surgery, and medication costs, alleviating the burden of medical bills.

Educational Support

In the event of the policyholder’s death or severe disability, the policy may provide an educational grant for dependent children, ensuring their education is not disrupted.

Daily or Weekly Benefits

Some policies offer daily or weekly cash allowances if the policyholder is hospitalized or temporarily disabled due to an accident, helping to cover lost income or additional expenses during recovery.

Worldwide Coverage

Personal Accident Insurance often provides global protection, ensuring policyholders are covered no matter where they are in the world.

Coverage for Accidental Disfigurement

Compensation may also be available for disfigurement or scarring caused by an accident, recognizing the impact of such injuries on the individual’s life.

Natural Death

Suicide or Self-Injuries

Committing a criminal act or being involved in war activities, suffering from a mental disorder.

Pre-existing disability or injury

Participating in the naval, military, air force, adventurous or sports activities

Influence of intoxicants

Why You Need A Personal Accident Policy ?

Financial Security

Offers peace of mind by providing financial stability to the policyholder and their family in the aftermath of an accident.

Covers a Range of Incidents

From minor injuries to major accidents leading to disability or death, it offers broad protection against various unforeseen events.

No Medical Examinations Required

Typically, there are no medical tests required to purchase personal accident insurance, making it accessible to a wide audience.

Affordable Premiums

Compared to other types of insurance, personal accident policies are relatively inexpensive, offering significant coverage for a modest premium.

Type of Personal Accident Policy ?

Individual Accident Insurance

Group Accident Insurance

At Finoxo Solutions, we specialize in providing tailored insurance solutions that cater to both commercial and individual needs. With a commitment to excellence and innovation, we ensure our clients receive comprehensive coverage and unmatched service for their peace of mind.

Address

B-407, Decora 9 Square, Nr. Nana Mava Chowk,RAJKOT