What personal accident cover actually covers
Personal accident cover covers death and disability from accidents, including the permanent disability that health insurance does not compensate for.
The cover in plain terms
Death and disability from accidents, including the permanent disability that health insurance does not compensate for.
What it does not cover
Every policy has exclusions, and they are the part worth reading twice. Look specifically for waiting periods, sub-limits, co-payment clauses and anything described as "reasonable and customary charges" — that phrase is where claims shrink.
Where it sits in the family plan
Insurance is not an investment and should not be judged like one. Its job is to stop one bad event from undoing years of saving. Buy for the catastrophe you cannot fund yourself, and self-insure the small stuff.
Where FamTally comes in
FamTally holds every policy the family has — personal accident cover included — with sum assured, premium, frequency, renewal date and the members it covers. It totals your cover so gaps are obvious, puts premiums into your monthly cashflow, and reminds you ahead of each renewal. Free to use.
Stop doing this in a spreadsheet
FamTally keeps your loans, income, expenses, assets, insurance and goals in one place, forecasts five years ahead, and answers questions about your own numbers. Free, and built for Indian families.
Start freeQuestions people ask
What does personal accident cover cover?
Death and disability from accidents, including the permanent disability that health insurance does not compensate for.
How much cover should we take?
Ten times annual income is a common benchmark, and it is inexpensive relative to what it covers.
What happens if it lapses?
Annual, and often bundled cheaply with a bank account or credit card — worth checking what you already have.