Accidental insurance policies in India provide coverage for accidental death and various degrees of disability, with benefits including no health check-up required, worldwide coverage, and tax benefits under Section 80D of the Income Tax Act, 1961. Exclusions include intentional self-injury, intoxication, and hazardous professions. Premiums vary based on risk profiles, with specific examples provided for Bajaj Allianz policies.

1. Accidental Insurance
Policies in India
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2. What is Accidental Insurance policy
Covers you from
 Accidental Death
 Permanent Total Disability (Loss of both hands , Loss of both )
 Permanent Partial Disability (Loss of 1 hand , Loss of 1 Leg , Loss of 1 eyes)
 Temporary Total Disability (Fracture , Bed rest )
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3. Other Benefits
 No health check-up required for policy issuance
 Worldwide coverage of the policy
 It gives coverage starting from 5 lacs to 50 lacs
 Free lookup period of 15 days
 5% per claim free year to a maximum of 50%.
 Family discount of 10%
 Tax benefit under Section 80 D of the Income Tax Act, 1961.
 Some companies covers claims arising out of Terrorism or acts of
Terrorism
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4. What is not included
 Intentional self-injury, suicide or attempted suicide.
 Influence of intoxicating liquor or drugs
 By committing any breach of law with criminal intent
 Suffering from any pre-existing condition or pre-existing physical or
mental defect or infirmity.
 Aircraft pilots and crew , Armed Forces personnel and Artistes engaged
in hazardous performances are totally excluded
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5. Premiums depend on Work Profile
LOW RISK (Level 1) HIGH RISK (Level 2)
Doctors Mines workers
Bankers circus personnel
Teachers bungee jumping,
Accountants Mountaineering
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6. Policies Example 1
Bajaj Allianz Premium Personal Guard
 Premium for 20 lacs of sum assured – Rs 2875
 Claims Paid Ratio – 91%
 Does not cover against Terrorism
 Entry Age – 18-65 yrs
 Permanent Total Disablement – 200% of Sum Assured
 Permanent Partial Disablement – upto 70% of Sum assured
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