Personal Accident Insurance

This Insurance is intended to provide for the payment of compensation in the event of the insured sustaining death or disablement by bodily injury, resulting solely and directly from accident caused by external, violent and visible means.

The cover provided by the policy is world-wide. Payment of claim, however, can be made only in India in Indian Rupees.

Personal Accident Insurance is a benefit policy and not strictly a contract of indemnity. The amount of Insurance must be regulated by the financial position of the proposer. It is undesirable to grant cover for benefits, which will place the Insured in a better financial position when he is disabled than, when he is following his normal profession or occupation.

The Company undertakes to pay the Insured or his legal personal representative, the following sums in the event of: –

• If at any time during the currency of the policy the Insured sustains any bodily injury resulting solely and directly from accident caused by external violent and visible
• If such injury, within 12 calendar months of its occurrence, be the sole and direct cause of the death of the insured, the capital sum insured as stated in the Schedule.
• If such injury within 12 calendar months of its occurrence be the sole and direct cause of the total and irrecoverable loss of :-
  1. Sight of both eyes or of actual loss by physical separation of the two entire hands or two entire feet or one entire hand and one entire foot or loss of sight of one eye and loss of one entire foot or one entire hand-the capital sum insured, stated in the
  2. Loss of two hands or two feet or one hand and one foot, or of loss of sight of one eye and loss of use of one hand or one foot-the capital sum insured stated in Schedule