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Personal Accident Insurance We all in our day-to-day life are exposed to risk of accidents. It is a known fact that despite all possible precautions accidents do occur. Accident may occur while walking, driving or even in the house due to fall from stairs or in the bathroom etc. This may result into disablement or loss of limbs or sometimes-even death. Knowing the fact one’s endeavor that he/she or his/her dependents get adequate compensation in the events of disablement or death. To cater the need the general insurance industry has devised an insurance cover known as the Personal Accident insurance. The policy covers the risks of accidental death and/or disablement and the cover is worldwide. The policy provides compensation in the event of insured sustaining injuries, solely and directly from an accident caused by violence, visible and permanent total disablement, permanent partial disablement or temporary total disablement. Risks under Personal Accident can be classified as under: 1. Normal Risk Accountants, Doctors, Lawyers, Architects, Consulting Engineers, Teachers, Bankers, Persons engaged in Administrative, Secretarial and managerial functions, Shopkeepers, Shop Assistants not using machinery, Commercial travelers and persons engaged in occupations of similar hazards 2. Heavy Risks Persons working in underground mines, explosives, workers involved in electrical installation with high intensity power supply. Jockeys, Circus personnel, Persons engaged in activities like racing on wheels or horsebacks, mountaineering, winter sports, Skiing, ice hockey etc persons engaged in occupations of similar hazards. Being insured against death is not sufficient: a disability caused by accidents sometimes doesn’t allow you to work. Even if the disability is temporary, you still need a cover to meet financial obligation during hospitalization. It is here that personal accident policies come in handy. These accident policies provide cover for groups too. In case of group accidental policies, the insurer gives marginal discounts on premiums. Scope of the cover Permanent total disability: Defined as permanent loss of use of any two limbs, or permanent and complete loss of sight in both eyes or injuries that render the insured incapable of earning an income from the date of the accident onwards from any work, occupation or profession (commensurate with his educational qualifications, training and experience). Permanent partial disability: Defined as permanent loss of any body part, one eye, one limb or one finger or a toe or injuries that render the insured incapable of earning an income. While the loss may be permanent, its effects on the insured and on his life are partial. Temporary total disability: Defined as temporary loss in any form that may render a person immobile or affect his earning capacity from the time of the accident. In other words, a fracture in the arm or leg that keeps you from work qualifies: you may be mobile but the injury may not support your ability to work. Permanent Partial Disablement: The sight of one eye, or of the actual loss by physical separation of one entire hand or of one entire foot, fifty percent (50%) of the Capital Sum Insured stated in the schedule Total and irrecoverable loss of use of a hand or a foot without physical separation, fifty percent (50%) of the Capital Sum Insured cited in the Schedule *** ‘Physical Separation’ means amputation at or above the wrist and/that of the foot at or above the ankle respectively. Permanent Total Disablement: 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 means. 1. If such injury, within 12 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. 2. If such injury within 12 months of its occurrence be the