Personal Accident Insurance in India: A Complete Guide (2026)

By
Hemant Beniwal
-
85
Accidental Insurance

Last Updated on April 5, 2026 by Hemant Beniwal

Accidental insurance is one of the most ignored insurance categories in India.

Most people buy insurance either for tax saving or investment returns — and personal accident insurance offers neither. But that is exactly why it deserves more attention, not less. The value of insurance is not in the tax deduction. It is in what happens to your family when you can’t earn.

⚡ Quick Answer

Personal accident insurance pays your family — or you — when an accident results in death, permanent disability, partial disability, or temporary inability to work. It fills the gap that term insurance and health insurance leave. Term insurance pays on death. Health insurance pays hospitalisation bills. Accident insurance pays for permanent loss of earning capacity. For most salaried executives, a Rs. 50 lakh to Rs. 1 crore accidental cover at Rs. 2,000-5,000 per year is a no-brainer.

Why Accidents Are Not “Other People’s Problems”

Accidents can happen anywhere — riding a bike, taking a shower, cooking, driving to work. India has one of the highest road accident rates in the world. According to Ministry of Road Transport data, India records over 4 lakh road accidents per year with approximately 1.5 lakh deaths.

But the more financially damaging scenario is not death. It is permanent disability — losing both legs in an accident, losing sight, losing a limb. In this scenario, term insurance does not pay (no death). Health insurance covers the hospital bill but not the permanent loss of your earning capacity. Only personal accident insurance fills this gap.

What Personal Accident Insurance Covers

Accidental Death: If you die as a result of an accident, your nominee receives 100% of the sum insured. Note: suicide, self-injury, war, and armed force operations are excluded. This is purely accidental death — sudden, unexpected, caused by external means.

Permanent Total Disablement: Loss of both hands or both feet, loss of one hand and one foot, loss of a limb and an eye, complete irrecoverable loss of sight in both eyes, complete loss of speech and hearing — 100% of sum insured is paid. You are alive but permanently unable to earn. This is the scenario most people never plan for.

Permanent Partial Disablement: Loss of one hand, one leg, one eye, or even specific fingers and toes. Each insurer has a defined table — loss of one index finger might be 10% of sum insured; loss of one foot might be 50%. The specific schedule is in the policy document.

Temporary Total Disablement: A serious accident where there is no permanent loss, but the doctor orders complete bed rest for 4-6 weeks — you can’t work, you lose income. Temporary total disablement typically pays 1% of sum insured per week, for a maximum of 100 weeks. This is the “income replacement” benefit for shorter recovery periods.

💡 Why This Is Different from Term Insurance

Term insurance pays only on death. If you are permanently disabled and alive — unable to work, with ongoing medical expenses, with a family depending on your income — term insurance does nothing. Personal accident insurance addresses the disability scenario that term insurance ignores. Insurance is complete only when both are in place.

How Much Accident Insurance Do You Need?

The standard benchmark: 100 times your monthly income. If you earn Rs. 1 lakh per month, your accident cover should be Rs. 1 crore.

The logic: permanent total disability means zero earning capacity for the rest of your working life. 100x monthly income gives your family approximately 8 years of income replacement at current spending levels — more if invested prudently. Additionally, factor in outstanding loans (home loan balance, car loan) that still need to be repaid even if you can’t work.

Three factors to consider when deciding your sum assured:

Coverage scope: Does the policy cover all four events (accidental death, permanent total, permanent partial, temporary)? What are the specific definitions and exclusions?

Occupation category: Your profession determines the risk level. Office workers, bankers, doctors, and IT professionals typically fall under Level 1 (normal risk) and get the lowest premiums.

Dependents and liabilities: The more financial dependents you have and the larger your outstanding loans, the higher your required cover.

How Premiums Are Calculated

Unlike health or life insurance, personal accident insurance premiums do not depend on your age — they depend on your occupation risk category:

Level 1 (Normal Risk): Office-based professionals — executives, bankers, accountants, doctors, IT professionals. Lowest premiums. A Rs. 1 crore cover for a Level 1 professional typically costs Rs. 2,000-3,500 per year (excluding GST).

Level 2 (Medium Risk): Field-based workers, supervisors in construction, sales professionals who travel extensively. Higher premiums.

Level 3 (High Risk): Mining, circus, certain manufacturing roles, defense personnel. Highest premiums.

Family discounts of 5-10% are often available when multiple family members are covered under the same policy. Note: dependent coverage (non-earning spouse, children) is limited to 25-50% of the proposer’s sum insured.

⚠️ Don’t Count Credit Card or MF-Linked Accident Cover

Many bank credit cards and mutual funds offer “complimentary” personal accident cover. Do not count this as your accident insurance. This cover ends the moment you cancel the card or redeem the fund. At exactly the time you need stability in coverage, these add-on benefits disappear. A standalone personal accident policy under your own name is the only reliable cover.

Accident Insurance as a Rider vs Standalone Policy

Many agents recommend adding accidental insurance as a rider to a life insurance policy. My strong preference: keep them separate.

When accidental cover is bundled as a rider, it lapses if the base policy lapses. The base policy premium and the rider premium are bundled, making it harder to price-compare. And if you ever want to change or upgrade the accident cover, you’re constrained by the base policy terms.

A standalone personal accident policy, from a reputable general insurance company, gives you maximum flexibility, portability, and clarity on exactly what you’re paying for.

Current reputable insurers offering standalone personal accident policies in India include Tata AIG, Bajaj Allianz, Star Health, HDFC Ergo, Niva Bupa, and ICICI Lombard. Compare coverage, claim settlement ratios, and premium for your specific occupation category before choosing.

Not sure what accident cover is right for your situation?

An insurance review takes 30 minutes and ensures your accident, health, and term covers are coordinated correctly — with no gaps and no unnecessary overlap.

Talk to a RetireWise Advisor

Frequently Asked Questions

What does personal accident insurance cover?

Four things: accidental death (100% of sum insured to nominee), permanent total disablement (loss of both limbs, both eyes — 100%), permanent partial disablement (loss of one limb, finger — a defined percentage), and temporary total disablement (weekly income replacement during recovery, typically 1% of sum insured per week up to 100 weeks).

How much personal accident cover do I need?

The standard benchmark is 100 times your monthly income. For a senior executive earning Rs. 1-3 lakh per month, that means Rs. 1-3 crore of accident cover. Factor in outstanding loans and number of dependents to refine this number. The premium for a Rs. 1 crore cover for a Level 1 (office-based) professional is typically Rs. 2,000-3,500 per year.

Does personal accident insurance depend on age?

No — premiums are determined by your occupation risk level, not your age. Office workers pay the same rate whether they are 28 or 52. This makes personal accident insurance particularly attractive as you get older — unlike health insurance where premiums rise significantly with age.

Insurance is the foundation of financial planning. Term insurance protects against death. Health insurance protects against hospitalisation. Personal accident insurance protects against the scenario nobody talks about — living with permanent disability, unable to earn, with a family depending on you.

Cover the risk. All of it. Not just the comfortable parts.

💬 Your Turn

Do you have a personal accident policy? Do you know your current accident cover amount? Share below. Most people discover they have no standalone cover at all — only a credit card add-on they had forgotten about.

85 COMMENTS

  1. Another excellent article, Thank you SirG. Never thought of an accidental insurance, heard a lot while I was in the US but never in India. I think this is a critical part of the insurance we should insure ourselves. I am planning to buy one now, will decide between Allianz and Star Health. Thank you for opening our eyes, once again.

  2. great article.
    you raised a good point on standalone accident insurance vs. rider on life insurance policy.
    The last time i checked this, the premium cost was more than double when taken as a rider as compared to a standalone accident policy. (Rs 40 per lakh vs. Rs 100 per lakh). When I pointed this out, the agent told me that IRDA has strict rules on expenses/commissions on the base policy but it’s more relaxed on the riders. So the margin is much higher on riders.
    Common investors are better off taking accident policy separately rather than as a rider. If they are decoupled, one can be discontinued if it becomes unnecessary. This won’t impact the other.

  3. Hai Hemant Bhai,

    Another Important article which we were waiting for you,thanks for this one…you said it…most of us ignore the importance of Personal Accidental Insurance…they think that ,If they have enough Life Insurance,they are safe.But what if they met with an accident by putting their family and dependents in trouble ???

    Anyways timely article for you,i would like to know your opinion about Personal Accident Insurance from Apollo Munich ? I prefer to take Health Insurance from Apollo,so do the Personal Accidental Insurance 🙂

    Thanks and regards,

    Shamshad.M.M

  4. Is Future Generali a good insurance company ? I mean in terms of claim settlement etc. Kindly suggest, i am interested in buying their Accidental Insurance cover.

    • Hi Tajinder,
      I am not sure about its claim settlement but you can see in above table that they have so many limitations.

  5. Good article and you have covered essential information nicely. The main point I see in accidental insurance is coverage for Permanent/temporary disability. My friend’s brother had serious road accident and I know how entire savings of his family gone in the treatment. He has Term insurance and traditional ulips but they can’t help here.

    Term + Medical + Accidental insurance are ‘real’ insurance products and must be in everybody’s kitty. God forbid but don’t wait for any unfortunate incident to show how valuable/helpful are these products.

    – Jagbir

    • Hi Jagbir,
      Fully agree with your views “don’t wait for any unfortunate incident to show how valuable/helpful are these products”

  6. Thanks Hemant for this great article.
    Which insurance company did you take your personal accidental insurance from?

  7. Hi Hemant,

    Thanks for such a nice write-up.

    I have a basic doubt (may sound silly!), If person A has both Term (25L) & Accident Insurance (20L) from 2 different insurance providers, unfortunately, he meets with accident and loses his life. Will he get Sum Assured from Term & Accident Insurance policies?

    This question may sound stupid, but still I need to be clear on this

    Thanks…KK

    • Hello KK,

      He will get both. Term insurance would be paid on death irrespective of cause. Accident insurance amount get paid when death occurs due to accident or due to other causes included in insurance policy. Though we should mention other policies when we take Term/Accident insurance but these policies are not in any way related/linked to each-other and amount is paid when incident occurs.

      In case policy holder dies due to ailment/old age etc. not covered in Accident policy then he will get amount from Term policy only, not from Accident.

      Hemant, please correct me in case my understanding is wrong.

      Regards
      Jagbir

    • it’s an often asked question. Not a stupid question at all. A lot of people have this question.

      yes. the entire sum assured is payable – both the term life cover and accident cover.

  8. Hi Hemant,

    Very nice article. Could you please let me know what would be the ideal amount of cover for a comprehensive accident insurance. I am 30 years old with no dependents and earn around 40k per month.

  9. One more thing, you mentioned that taking a standalone personal accident policy is always better and not to opt for the thali system of clubbing it with a term policy or health policy..

    But the cost per lakh is much lower in the clubbed version than the standalone version right? I saw for oriental happy family floater, in that the cost is Rs. 60 per lakh of accident insurance, whereas standalone accident policies cost around Rs. 150 per lakh.. Am I missing something here?

    Apart from the option of discontinuing the policy, what other benefits are there of keeping policies separate? Could you please clarify that.. I read the post above by Sumant but I could not understand it..

    Sunnydoc

    • Sunnydoc,

      “I saw for oriental happy family floater, in that the cost is Rs. 60 per lakh of accident insurance, whereas standalone accident policies cost around Rs. 150 per lakh..”

      Are you sure you are not mixing medical insurance with accident insurance? I have heard of family floater policies for medical insurance only. Never for accident insurance.
      Besides, the cost of accident insurance for someone in Type A (administrative job) is Rs 40 per lakh. It can go up based on the profession. Are yo sure about Rs. 150 per lakh quote. Is this for accident + disability? If you add disability benefits, the premium cost goes up. Please be sure you are making an apple to apple comparison.

      • Sumant,

        No I checked, the family floater health insurance provides add-on of accicent insurance to each individual family member as well but makes no mention of whether it is comprehensive or not.. Ya 150 per lakh is the most comprehensive form which includes everything from partial to total disability..

        I basically wanted to know the key differences between the clubbed version and non clubbed version of accident insurance..

        • Sunnydoc,
          it’s really a simple matter. If you are getting the exact same risk cover at a lower cost when taken as a combined insurance, you can go for it.
          Unlike life insurance, accident insurance premium doesn’t go up with age.
          So if you discontinue the healthcover, you can always take accident insurance separately at that time.

          • Hi Sunnydoc,
            Why don’t you ask insurance company that it is comprehensive or not. This will also be helpful for other readers.

            • Hey Hemant,Sumant,

              Even I had this question. If I take rider with SBI smart shield, it is 2250 for 30 L riders (Accident death+ Accidental Total & Permanent Disability Benefit Rider), but here it is 3000 with National insurance.. So feel it would make sense to go with SBI along with term insurance. But if I take Jeevan Amulya with LIC , I will take this insurance seperately.

              • for SBI smart shield, did you keep the accident death cover as 30L too?
                I tried its premium calculator and for a 30 year old, 30 Lakh cover for 25 years with 10L accident+disability rider, I am getting a premium of 6903/-.

                Which National insurance product is this? This is a general insurance company and cannot sell Life Insurance. They can only accident death/disability insurance.

                So i doubt this is an apple to apple comparison.

                • Hey Sumant, I was comparing only the accident and Disablity insurance part only.
                  i.e taking a rider with SBI term insurance vs taking the accident cover seperately from player like National insurance. In case of SBI it is 6990 Rs for Term insurance + riders (without tax) (1800 is for riders alone + 5190 for 30L term cover under level policy).

                  I got the National insurance amount from the table in the article.

                  Hope this is clear. Ping me if Iam not clear. I already have a term insurance from SBI. Iam planning to surrender it and take a new one as the rates have come down drastically.

                  • ok.. i got it…
                    so there is additional incentive of lower term life cover premium.
                    i don’t see any disadvantage of the SBI option (except the earlier discussed problem with clubbed insurance). So if the total premium is lesser in this option, go for it.

  10. Dear Hemant,
    great article, as usual !!
    just wanted to know–is Accidental insurance available for retired persons also-because you mentioned that premium amount depends on working conditions?
    Also, continuing a previous question– is one eligible for Life Insurance with ADB as rider plus Accidental Insurance incase of death by accident? Normally in Life insurance with ADB, the sum assured is 2x. Also, Personal accidental insurance and Group Insurance Compensation from employer can be availed at the same time? regds

    • Hi Shreedhar,
      Few of the insurance companies provide accidental insurance to retired people but with some limitations.

  11. Hi Hemant,
    Im thinking to buy this insur. from long time it is postponed all the time..thanks for awaking me..
    1 must have Personal accident insurance

  12. Hi,

    Thank you for the article. Quite informative.

    Which is a better option for Personal accident Insurance?
    1. Single plan of 15lac from a public company.
    2.Two plans of 8lac each, one from public and other from private?

    Thanks in advance.

  14. Hi Hemanth,

    First of all thanks for writing this wonderful post.

    1. Out of all the policy that you have given details about, which one would you personally recommend?

    2. What you think about Oriental Insurence Nagrik surakha policy? when comapred to all others, there is one limitation with OINS policy which is you can buy only for 5 L , whaich i think is not enough for me, i make almost 70k/month.

    Thanks
    Vik

  15. Hi Hemant,

    Thank you for your replies and i am sorry to bother you again.
    I proposed for a 20lac PA in National insurance and my proposal was declined since I am covered under a group accident policy by my employer.
    Though I clarified them that the group policy overs the accidents that occurs only on duty time.
    So i decided to buy from a private company. Here is the problem how to choose.
    After my study of the product through i-save, i decided to buy either from Future Generali or Bajaj Allianz.

    In Future Genarali, the premium for 25lac is just Rs.2234 (PD+PTD+PPD+TTD+Hospital confinement). I learnt their settlement ratio is 71%. Their price and features attracts me(includes TTD) .

    In Bajaj Allianz, the premium for 20lac is Rs.3089.(PD+PTD+PPD+Hospital confinement). Their settlement ratio is 91%. i also learnt that Bajaj has some good repution than Future generali.
    I am 25now and i will be continuing this policy atleast for next 10yrs.

    How shall i choose? whether based on premium or settlement ratio and reputation?
    Please help me.

  16. HI Hament,

    I have gone through mnay articles written by you. You are doing a great job. keep it up.

    Sekhar

  17. Hi Anand,

    If you want to get any information regarding any insurance companies like claims paid, settlement ratio etc.. you can get it from IRDA website annual report. Take decision based on that.

  18. Hi Vik,

    I think you have incorrect information about Oriental Insurance accident policy. I just got one of 25 lk for myself last month. So go for it.

    Purvesh

  19. Hi Purvesh,

    I was not talking about the Oriental insurence accident policy i was talking about the Nagrik surakha policy, The premium of nagrik surakha is very very low, what you have taken is diffent, in Nagrik suraksha the cap is 5lakhs. whats your premium for 25 lakh and whats your age if you dont mind?

    Thanks

    • Hi Vikrant,
      Well i know that. My policy is combination of both which covers daily compensation up to max 5000/- which you are talking about. And i also took personal accident policy which covers other aspects. Well My age is 31 and premium is just 3300/- Rs.

      -Purvesh

  20. Hi,

    Recently my wife met with an accident and she had hurt her head and neck. When i took her to hospital, her head was the concern as her neck was feeling ok. had a CT scan done and doc said she was fine. So she was an outpatient. next day her neck was feeling worse and she was advised to take MRI. These heavy costs wont come under mediclaim etc as she was not hospitalized. What is best suited for such needs?

  21. Critical Illness and Personal Accident policy of Bajaj Allianz is quite cheap.
    How to go about it or there is any other good one ?

  22. Hi Hemant,
    I want to take accidental policy and have two options:
    1. National Insurance personal accidental policy
    2. Oriental Nagrik Suraksha policy

    I am just confused which one to go for as the benefits are almost same except the premium amount diffference. could you please help me in opting the best in terms of services.

    Thanks,
    Suvarna

  23. hi

    i have taked term insurance but now i am confused in buying accidental insurance, please advice which is the best .My concern is i want loss of income cover due to accident with inclusion of Permanent / partial / temporary disability. Also advice Terrorist attack covers in all accidental insurance. How much maximum amount i can take cover . My gross salary is INR 48000/- per month

  24. hi

    i want to but accidental insurance which covers loss of income coverage ,Permanent / partial / temporary disability. Also advice Terrorist attack covers in all accidental insurance. How much maximum amount i can take cover . My gross salary is INR 48000/- per month

  25. Dear Hemant jee

    Your topic on Accident Policies is very informative, but you missed giving Claim settlement Ratio of Insurance companies..

    • Hi SS Rao,
      Accidental Policies are very simple product – if we talk about accidental death. Claim settlement ration are important in term plans.

  26. Bajaj Allianz Premium Personal Guard policy has option of covering spouse and child as well. Spouse and child will get 50% and 25% benefits of self plan.
    Is it a floater plan or individual one?
    Any comment about Apollo personal accidental insurance standard/premium?

    Regards,
    Prasoon

    • Hi Prasoon,
      Accidental policies are not floater policies – I think you are confusing it with mediclaim. Apollo accidental Standard policy is a good choice.

  27. I have health insurance from employer, and It cover accidental death and sum assured is only 3lac.. which is very low. and i want to buy personal accidental insurance for higher Sum Assured. My confusion here is, if case of any misfortune my death occurs due to accident when the both insurance are intact, can our dependent claim from both insurance? or at least one insurance company will not be having any problem in settling the claim?

  28. Dear Hemant,

    Can you elaborate on the difference between Mediclaim, Personal accident and Accidental Insurance policy? How much cover should one have on each of these policies, considering age of 32 and annual income of INR 15 lacs

    Regards

  29. Hi Hemant,
    A good article which covers a lot of ground. However, there is one point regarding accident claims which I needed clarity on. I have read about MACT (Motor accidents claims tribunal) and of people getting settlements in the case of accidents from there. Just wanted to know how this works and is it linked in any way with accident insurance policies.
    Also, couldn’t claims under this be possible for say people like Murali whose wife was injured in an accident and is not covered by mediclaim nor accident policy?
    Could u enlighten us please.
    Thanx n best rgds,
    Praveen.

    • Hi Praveen,
      This is not part of accidental insurance but related to vehicle insurance. One should give top priority to accidental/disability insurance if we are talking about any form of insurance.

  30. Dear Sir,

    This article will definitely open the eyes of those who read it, regarding the type insurance cover every one should necessarily have, as shown in the diagram. i.e. ” You( any one) should be protected by “Term Insurance, Health Insurance & Accidental Insurance” cover to get the financial compensation in the event of any incident/eventuality resulting in financial loss. Regarding the table in respect of Bajaj Allianz Personal Guard Policy the following features are not brought out. They are:(Source the companies web site)
    1)Accident medical expenses: Benefit upto Rs. 4.00 lakhs is available by paying ‘Add on Premium’ of Rs. 950/-, which benefit also includes Accidental Hospitalisation Cash @ Rs. 2000/- per day max. for 30 days.
    2) Family discount : Family benefit at the rate of 50% and 25% of Base plan & Add on premium of ‘self Plan’ is available.
    3) Permanent partial disablement: “5% to 75% of sum insured.” and not 5% to 70% of SI.

    In addition I would like to bring to the attention of our readers the availability of 2 more accidental insurance plans from Bjaj Allianz, viz. “Sankat Mochan” & “Personal Guard” policies costing lesser premium with varied features.

    By reading this article I have decided to buy the Accidental Insurance cover separately, in addition to what i have as a rider to my life insurance policies.

    I take this opportunity to express my sincere thanks for enlightening others on the subject of Insurance protection.

    Thanks& regards
    R. kannan

  31. Dear Hemant,
    I want to take accidental insurance from apollo munich for 50 Lacs.
    they have two variants 1- Standord 2- Premium
    Premium difference betwween two is approx 550/-
    in Premium version they have some additional benefits- Broken bones, Accidental hospitilisation, modification of resisidence/vehicle.
    which one do you suggest.
    I am in ocupation class-1
    Premium for apollo munich premium version -6287/-
    Premium for apollo munich standord version -5730/-

  32. Hi Dear,
    You have done a good job.
    I have 3 policies of term insurance from LIC,HDFC,ICICI.
    For every earning member Term is must but i think permanent disability of earning member is also very life changing event.

    Should i divide my PAI(50 Lakh) in different companies like Term plan
    or purchase single policy of 50Lakh for PAI.My saley is 65K per month.

    Thanks in Advance.

  33. I have accedental polity with bajaj allianz and my office provides me with the accedental polocy of Vipul. I met with an accedent and had to rest for almost 45 –55 days . can I claim for salary loss with both insurance company. is there any IRDA rule that will allow me th get the benefit of TTD with bajaj allianz and vipul?

  35. Hi Hemant,

    Why we need Accidental Insurance?? Isn’t death by accident covered under Term Insurance plans(I am not talking about the riders, but the plain term insurance)??If not, then what type of deaths are considered for claims(under Term Insurance)??

    Thanks,
    Pinku

  36. Mansoor, I have taken accidential insurance of 50 lakhs from icici can i buy another 50 lakhs from aegon religare. Are there any norms of IRDA that 1 pesron can avail 50 lakhs max to max. can u help me .Pls reply

    Rgds
    Pradeep

    • Hi Pradeep,

      The coverage of accidental insurance is decided by the company based on ones income. The maximum limit is based on this factor. You can put forward your proposal to the company with all the details including the existing coverage and they will tell you the coverage amount you can avail.

  37. Hi,

    Which of the amongst HDFC Click2Protect & HDFC Term Assurance Plan is better for 30 years single male individual?

    • Hi Vinod,

      The major difference between the two product is the premium. HDFC Term Assurance Plan is bought through agents and so the premium will include their commisssions. Contrary to this HDFC Click2Protect is bought online and so the premium will be cheaper. If you are comfortable without agent services you can consider HDFC Click2Protect.

  38. Hi Hemant,

    I need some clarity and advise on accident insurance. I work with school children. Kindly share your mail id so can mail you my query.

    Ann

  39. Hi,
    I want to go for Bajaj allianz personal guard. Just want to know the mentioned premiums are per month or per year?

    • Hi Pankaj,

      The premiums in non-life insurance are on Annual Basis as the policies are issued for one year. There is no monthly concept.

  40. hi.

    thanks for so informative article.

    i have a query . if i take this policy from 2 different insurers for same SA, then in event of some happening , will both insurers will liable to pay decided SA or not.
    .

    • Hi Vivek,

      Till you have disclosed all details to both the companies (including the previous insurance policies) then yes both will pay you the claim.

  41. Hi Hemant,

    Could you please suggest…(My current age is 29)
    1) Is it better to go for two term policies (50+50 lack 60/40) or a single one (1Cr)
    2)Iam going to get mearried in 3 months.Is it fine to take term plan before marriage or after?Any marriage pros or cons on plan premium
    3)Which combined plan would be good for me …HDFC,Kotek,ICICI .

    Your well detailed reply would be of really great help.
    Thanks!

    • Fergi,

      1. Buying two insurance policies will be beneficial.

      2. Marriage has no impact on your term insurance except that your need of insurance requirement increases.
      3. ICICI premium will be higher since there is no medical test. You can choose to have other two for minimum premium outgo.

  43. Hi Hemant,
    Thanks for the really useful and timely article.
    I have one question. The insurance covers mentioned in the article does not cover any critical illness.
    Do we need to take seperate critical illness cover other than Accidental insurance, or is there any insurance provider giving combined insurance for ADB and CI ?
    Regards,
    Sakthivel

  45. Hi,
    I need to know the total premium amount for accidental policy covering 5 years. I am 46 years old now.
    Thanks and regards
    I.D.Dwivedi

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