accident insurance

priya udyawar said:
need help for personal accident insurance....100 mrks proj....
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Accident Insurance

Accident insurance is gaining popularity with the increase in the number of Accident injuries and deaths. Insurance companies accidental covers for individuals and families as well. This means you can cover your spouse and children in the same policy but by paying a higher premium. The plan can be customised to suit the needs of different clients.

Types Of Accident Insurance Available :

* NRI Accident Insurance
* Personal Accident Insurance

Calculation of Accident Insurance Amount/Premium:
The amount of premium paid depends on a number of factors. Discount on premium is provided by some companies on family insurance. Premium can be paid on a monthly/quarterly/half-yearly/yearly basis. Insurance companies now offer online instant quotes to identify the amount of insurance cover an individual will need.

Accident Insurance Claim Procedure:
Customers can report a claim either on toll free numbers provided by insurance companies or directly get in touch with the claim representatives. Filling a claim form is the first step for making a claim. A company surveyor will analyse the bills of hospitals/nursing home homes and then make a report. Claim process can take anywhere between 7-21 days.

Documents Required for Accident Insurance Claim:

1. Hospital's Report
2. Disability certificate from doctor (If any)
3. Laboratory reports
4. FIR


List of Some of Insurance Companies Offering Accident Insurance:
Bajaj Allianz - Accident & Injuries Cover
The New India Assurance Co.- Accident Covering Policy
Tata AIG General Insurance - Accident Guard
United India Insurance Co. - Accident & Hospitalisation Policies
HSBC - MahaRaksha Personal Injury Policy

NRI Accident Insurance

The insurance covers Non-Resident Indians from 3 months of age till 70 years. It is a comprehensive insurance covering accidental loss, permanent disablement due to accident, medical expenses incurred due to illness in a foreign country, education fund of dependent children etc.

Calculation of NRI Accident Insurance Amount/Premium:
The amount of premium depends on a number of factors. Premium is paid on a monthly/quarterly/half-yearly/yearly basis.

NRI Accident Insurance Claim Procedure:
In the event of claim, written intimation must be given by the insured/assignee to the insurance company. The claim can also be reported on company's toll free number. Upon receipt of the intimation of claim the company deputes its surveyor or claim representative and process the claim. Copy of the claim format is annexed. The claim process can take anywhere between 7-15 days.

Documents Required for NRI Accident Insurance Claim:

1. Claim form
2. FIR Form
3. Prescriptions given by the treating doctor
4. Hospital Discharge Card
5. Diagnosis reports like X-Ray report, etc.
6. Disability Certificate


List of Some of Insurance Companies offering NRI Accident Insurance:
National Insurance Company Ltd. - Policy For Non-Resident Indians
HDFC - Tricare Plan

Personal Accident Insurance

Few people have taken cover to protect themselves against the risk of personal accidents and the medical complications they entail. Personal accident insurance insurance is an attractive option; not only does it cost less than other insurance policies, it also covers all accidents. Personal accident policies cover you for one or more of four contingencies in the event of an accident: death, permanent total disability, permanent partial disability and temporary total disability.

Calculation of Personal Accident Insurance Amount/Premium:
The amount of premium depends on the nature of occupation of the individual.
The classification of occupation varies among different insurers.
The premium is far less as compared to other policies. Premium can be paid on a weekly/monthly/quarterly/half-yearly/yearly basis.

Personal Accident Insurance Claim Procedure:
Claims are generally settled within four weeks of completion of paperwork along with supporting medical certificates. In some cases, insurers may depute a panel of doctors to verify the insuranceholders' claims.

Documents Required for Personal Accident Insurance Claim:

1. Claim form
2. FIR Form
3. Prescriptions given by the treating doctor
4. Hospital Discharge Card
5. Diagnosis reports like X-Ray report, etc.
6. Disability Certificate


List of Some of Indurance Companies offering Personal Accident Insurance:
Bajaj Allianz - Personal Guard
The New India Assurance Co. - Personal Plans
United India Insurance Co. - Claim Against Personal Injury
HSBC - MahaRaksha Personal Injury Policy
Tata AIG General Insurance - Accident Guard

Source : - Indian Accident Insurance,Indian Accident Insurance Claim,Accident Insurance Claim In India,Accidental Insurance In India
 
A personal accident insurance is critical when the vulnerability of accident is high. People into adventure sports, people on the drivers-seat and others must consider availing one. Of course, there are many options available in the market. A friend of mine who’s into civil engineering is insured by Royal Sundaram. You can always check out more details that can be beneficial to you at http://www.royalsundaram.in/accident-shield.aspx
 
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