Key Highlights

Accidental Death

If an Insured Person suffers an Accident during the Policy Period and this is the sole and direct cause of his death within 12 Calender months from the date of the Accident, then the insurer (i.e. Liberty) will pay the Sum Insured as mentioned in the Policy Schedule.

Exclusions to note

Pregnancy related Death or Disability

Death or disability resulting directly or indirectly caused by, contributed to or aggravated or prolonged by child birth or from pregnancy excluding ectopic pregnancy .

Pre exisiting diseases

Any pre-existing condition/ disability / accidental injury is not covered.

Other Major Exclusions

War or any act of war, nuclear, chemical and biological weapons, breach of law with criminal intent, intentional or attempted suicide, participation or involvement in naval, military or air force operation, racing, diving, aviation, scuba diving, parachuting, hang-gliding, rock or mountain climbing, abuse of intoxicants or hallucinogenic substances such as intoxicating drugs and alcohol, treatment of obesity and any weight control program, Psychiatric, mental disorders, congenital internal or external diseases, defects or anomalies, genetic disorders; sleep apnoea, expenses arising from HIV or AIDs and related diseases, sterility, treatment to effect or to treat infertility, any fertility, sub-fertility, surrogate or vicarious pregnancy, birth control, circumcisions, laser treatment for correction eye due to refractive error, plastic surgery or cosmetic surgery unless required due to an Accident, Cancer or Burns.

Additional Covers

Accidental Death

Accident Value Recharge will ensure financial stability for you and your family in the event of death caused by an accident. This policy is specially designed to provide financial assistance to you and your family for dealing with the aftermath of the accidental death.

FAQ’s

Why do I need Individual Personal Accident Policy?

Accidents are sudden and unforeseen. They happen anytime and anywhere. Individual Personal Accident policy covers you and your family against minor accident arising out of day to day activities. It also covers you against major accidents or physical loss arising due to death or disablement due to accidental bodily injury. It pays compensation for any accidental death or disablement happening anywhere in the world.

I already have a health insurance policy. Do I still need a Personal Accident policy?

Yes, Personal Accident Insurance policy is an insurance contract that covers risk arising from accidents be it at home, or outside. An accident insurance policy compensates you with a lump sum amount at the time of need to provide financial support during crisis arisen due to death/disablement of the insured.

Is there any income tax benefit for premium paid under Personal Accident Insurance Policy?

There is no income tax benefit available against premium paid for Personal Accident Insurance.