Policy snapshot
A policy that provides financial support in case of accidental death or disability, helping to protect income and family needs.
What is Individual Personal Accident Policy?
An Individual Personal Accident Policy offers a lump sum benefit in case of accidental death or specified permanent disabilities, and may provide weekly income benefits for temporary total disability.
What can it cover?
- Accidental death benefit
- Permanent total disability benefit
- Permanent partial disability benefit as per schedule
- Optional weekly income benefit in some plans
Who should consider it?
- Individuals with active or travel intensive lifestyles
- Self employed and field professionals
- Anyone who wants extra accident cover beyond life and health insurance
Key features to understand
- High cover at relatively low premium
- Worldwide coverage in many products
- Complements existing life and health cover
What deserves attention before you buy?
Coverage, exclusions, sub-limits, deductibles, waiting periods, warranties and underwriting can vary between insurers and policy versions. The policy wording and schedule remain the definitive contract. Novo can help you review the relevant terms for your requirement.
Read the wording, not just the brochure
The schedule and policy wording determine the actual contract.
Compare meaningful differences
Look at exclusions, limits, deductibles, conditions and claim requirements—not premium alone.
Think beyond purchase
Servicing and claims-related support can matter as much as placement.