Personal Accident Insurance – Your Protection Planning is incomplete without it

Personal Accident Insurance

We all know that Life is full of Uncertainty. To cover up our Financial Responsibilities, it is important that we take Life Insurance and that too for adequate Sum Assured, and to save our savings from medical expenditure we must take Health Insurance.

But there is one more type of Insurance which is generally Ignored but is the most important one i.e. Personal Accident Insurance. that covers disabilities arising out of accidents. The main reason for its unpopularity is that it does not carry any tax advantage with it, the reason because of which most of the Insurance policies got purchased.

Where we calculate Human Life Value to check how much a family will need after the insured’s demise to cover up the financial responsibilities and obligations, then do you think that responsibilities will reduce if a person doesn’t die but gets disabled?

This could be the event when a person gets dependent on his own dependents.

Please Understand- “Where Medical problems can increase your expenditure, disability has a dual effect as in along with increasing expenditure it will reduce your Income also. To cover up all the uncertainties relating to accidents, personal accident Insurance plays a Major Role.

(Also Read: 5 Risks Doctors are exposed to and how to manage them)

What is an Accident?

In Insurance terminology, an Accident is defined as a sudden, unforeseen and unexpected event caused by external, violent, and visible means (but does not include an illness or disease) which results in Physical body Injury (but does not Include mental, nervous, or emotional disorders, Depression or anxiety).

When we use the term Accident it does not always mean an accident on the road with some vehicle. (Road Accidents figures are astonishing though, see infographics below) but in actual accidents can happen anywhere like if you fell down off your chair and injured your backbone or you slipped in the bathroom and got some fracture playing cricket etc.

Personal Accident Insurance- Infographics

To highlight the importance of Personal Accident Insurance, I have prepared an infographic, which also includes, what all ailments do this insurance policy covers and the benefits of buying a standalone cover rather than going only with the rider along with your life or health insurance policies.

Personal Accident Insurance (infographics)

Hope this infographic clears the air around Personal Accident Insurance. If you find it useful, do share it with your family, friends, and colleagues. And if you have any questions, feel free to ask in the comments section below.

(Also Read: All about Professional Indemnity Insurance for Doctors)


  1. Good Infographic. Explains a lot in limited words. Just one query what should be the adequate sum assured for the personal accident cover?


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