A personal accident policy adds another layer of security to your by-now robust medical insurance portfolio. This kind of policy gives you a lump sum if you meet with an accident that leaves you temporarily or permanently disabled. A personal accident plan has four covers: death, permanent disability, permanent partial disability and temporary total disability. For death or permanent disability, the policy pays the entire sum assured. For permanent partial disability, the policy pays a part of the sum assured, and for temporary total disability, it pays a weekly compensation, usually up to 104
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