Personal Accident Insurance
Personal Accident Insurance
What Is Personal Accident Insurance and Why Every Indian Earning Member Should Have It?
Accidents aren’t planned—but their financial impact can be.
While most salaried Indian individuals have health insurance, few know that Personal Accident Insurance (PAI) is a vital—yet underutilized—safety net. An accident can bring physical trauma and a complete halt to income, especially for sole breadwinners.
What Is Personal Accident Insurance?
Personal Accident Insurance offers financial compensation in events like:
- Accidental death
- Permanent total disability
- Permanent partial disability
- Temporary total disability
Unlike health insurance (medical costs) or life insurance (death benefits), PAI focuses on sudden, unforeseen injuries or disabilities. Learn more about New India’s PAI.
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Key Features of a PAI Policy
- Accidental Death Cover: Lump-sum payout to nominee.
- Permanent Total Disability: Full compensation.
- Permanent Partial Disability: Partial payout per disability severity.
- Temporary Total Disability: Weekly income support.
- Hospitalization Benefits: Covers accident-related medical costs.
- Worldwide Coverage: Global protection.
Why Every Earning Indian Needs PAI
- Income Protection: Keeps EMIs, rent, tuition paid even if you can’t work.
- Support for Dependents: Ensures financial security for your loved ones.
- High Coverage at Low Cost: Premiums of just a few hundred rupees a year.
- Tax Benefits: Premiums may be deductible under Section 80D.
How to Choose the Best PAI
- Match coverage with your income & responsibilities.
- Read inclusions & exclusions carefully (e.g., sports, intoxication).
- Choose insurers with a strong claim settlement record.
- Look for add-ons like increasing cover or hospital benefit riders. Explore all PAI plans.
How to Buy PAI Online with New India Assurance
- Visit: New India PAI
- Select your plan.
- Fill in your and nominee’s details.
- Upload ID & income proof if needed.
- Pay online securely.
- Receive your policy instantly via email.
Don’t Let an Accident Derail Your Family's Future
As an earning member, protecting your ability to support your family is paramount. PAI ensures that even if life throws a curveball, your financial plans remain intact.
Secure your future today with Personal Accident Insurance from New India Assurance.
