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Personal Accident Insurance
Concept: To compensate an individual or his legal representative in case the insured suffers bodily injury or death due to accident.

Coverage: Worldwide including travel as a passenger of a regular airline. Age limit usually between 15 to 65 years. Policy is usually for one year but can be for shorter period. The proposer is required to give his age, annual earnings & nature of work. Depending on the age the proposer may be required to get medical examination report, if necessary.

Sum Insured: As requested by Insured and agreed by the Insurer and sum payable varies in cases of accidents causing different degrees of disablement with a maximum of fifty two weeks period of pay.

Premium Rating: is calculated as a percentage of the sum insured usually on annual basis on sum insured according to age, profession, etc. of the insured