Haris Ashley
Personal accident insurance is an insurance policy that provides financial protection to the insured in the event of an accident. It covers accidental death, bodily injuries, and disabilities (partial, total, permanent, or temporary). Paytm offers personal accident insurance in association with ICICI Lombard General Insurance Co. Ltd. The policy offers coverage of Rs. 1 lakh for accidental death and partial permanent disability for a period of 1 year at a cost of Rs. 20. It is valid for Indian citizens who are users of the Paytm platform and aged between 18-50 years at the time of issuance.
| Characteristics | Values |
|---|---|
| Provider | ICICI Lombard General Insurance Co. Ltd. |
| Cost | Rs. 20 |
| Coverage | Rs. 1 lakh |
| Coverage Period | 1 year |
| Valid For | Indian citizens aged 18-50 who are users of the Paytm Platform |
| Coverage Type | Accidental Death and Partial Permanent Disability |
| Certificate Delivery | Email within 24 hours of transaction |
| Maximum Policies per Customer | 5 |
| Customer Support | Toll-free number, official email ID, offices |
| Policy Coverage Start | T+3 days (T is the transaction day) |
| Policy Type | Contract between ICICI Lombard and the customer |
| Additional Features | Accidental hospitalization cover, hospital confinement allowance, children's education cover |
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What You'll Learn
- Personal Accident Insurance in Paytm is offered by ICICI Lombard General Insurance Co. Ltd
- The policy covers accidental death and permanent disability.
- It is valid for Indian citizens who are Paytm users, aged 18-50
- The policy costs Rs. 20 for 1 year
- The policy coverage starts from 3 days after the transaction
Personal Accident Insurance in Paytm is offered by ICICI Lombard General Insurance Co. Ltd
Personal Accident Insurance provides financial protection to the insured against uncertainties such as accidental death, accidental bodily injuries, and partial/total disabilities. In the case of the policyholder's accidental death, the nominee receives 100% compensation from the insurer. Personal Accident Insurance also covers income loss resulting from accidental death or disabilities.
The ICICI Lombard Personal Accident Insurance offered by Paytm has several benefits, including no waiting period, allowing policyholders to claim accidental injuries from day 1 of the policy. It also offers affordable premiums, worldwide coverage, and 24x7 customer support service. Customers can purchase a maximum of 5 such policies.
The policy certificate will be sent to the customer's email address registered with Paytm within 2 working days of the transaction. The policy coverage starts from T+3 days, where T is the transaction day. For any queries or claims, customers should reach out to ICICI Lombard General Insurance Co. Ltd. using the contact details mentioned in the policy document.
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$11.01 $17.99
The policy covers accidental death and permanent disability.
Personal Accident Insurance from Paytm is offered in association with ICICI Lombard Personal Accident Insurance. The policy covers accidental death and permanent disability, providing financial protection to the insured against uncertainties. In the case of accidental death, the nominee receives 100% compensation from the insurer, which can be up to Rs. 1 lakh for a period of 1 year. This benefit is designed to financially secure the insured's family and curtail any financial constraints that may arise due to income loss.
The policy also covers partial permanent disability, with the same benefit amount of Rs. 1 lakh. This coverage ensures that the policyholder receives compensation in the event of an accident resulting in permanent disability. The policy is valid for Indian citizens who are users of the Paytm platform and aged between 18-50 years at the time of issuance. It is offered at a low cost of Rs. 20 for 1 year and customers can purchase up to 5 such policies.
Personal Accident Insurance policies typically provide coverage for accidental death and disabilities, including partial, total, permanent, and temporary disabilities. These policies are designed to offer financial assistance to the policyholder or their dependents in the event of an accident, irrespective of its intensity. The coverage is worldwide and applies to accidents across the globe. Additionally, there is no waiting period, allowing policyholders to claim accidental injuries from day 1 of the policy.
Accidental Death Benefit (ADB) riders are also available as an add-on to life insurance plans. These riders provide additional coverage in case of accidental death, with the benefit payable to the nominee. The minimum coverage starts from INR 10,000, and the eligibility criteria include a minimum entry age of 18 years. ADB riders can help extend financial coverage for loved ones, providing additional support during a difficult time.
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It is valid for Indian citizens who are Paytm users, aged 18-50
Personal Accident Insurance from Paytm is offered in association with ICICI Lombard Personal Accident Insurance. The policy is valid for Indian citizens who are registered Paytm users and aged between 18 and 50 years at the time of issuance. It covers benefit up to Rs. 1 lakh for Accidental Death and Partial Permanent Disability for a period of 1 year. The policy is issued in the name of the individual as registered with Paytm.
Personal Accident Insurance provides financial protection against uncertainties such as accidental death, accidental bodily injuries, and partial/total disabilities. In the case of accidental death, the nominee receives 100% compensation from the insurer. The policy also covers disabilities resulting from an accident, including permanent and temporary disabilities.
The Paytm Personal Accident Insurance policy is offered at a low cost of Rs. 20 for 1 year. Customers can purchase up to 5 such policies. The policy certificate can be obtained during mobile number recharge or by direct purchase. The policy coverage starts from the third day after the transaction.
Personal Accident Insurance is a valuable form of protection against financial constraints that may arise due to income loss from accidental death or disabilities. It ensures family financial security and provides peace of mind during uncertain times.
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The policy costs Rs. 20 for 1 year
Personal Accident Insurance from Paytm is offered in association with ICICI Lombard General Insurance Co. Ltd. The policy costs Rs. 20 for 1 year and offers coverage of Rs. 1 lakh for accidental death and partial permanent disability. It is valid for Indian citizens who are users of the Paytm platform and aged between 18-50 years at the time of issuance.
Personal accident insurance provides financial protection against uncertainties such as accidental death, bodily injuries, and disabilities resulting from an accident. It covers physical loss due to accidental injuries leading to death or permanent/total disabilities. The policy offered by Paytm provides coverage for accidental death and partial permanent disability for a period of 1 year.
The customer shall receive the policy certificate on their email id registered with Paytm within 24 hours of the transaction. The policy coverage starts from the third day after the transaction. Customers can purchase a maximum of 5 such policies. The policy is a contract between ICICI Lombard General Insurance Co. Ltd. and the customer, and any issues or claims should be directed to them.
Personal accident insurance is recommended as it provides financial assistance to the policyholder and their dependents in case of an accident. It covers accidental death, bodily injuries, and disabilities, irrespective of the intensity of the accident. It also offers additional benefits such as accidental hospitalization cover, hospital confinement allowance, and children's education cover.
Overall, the Personal Accident Insurance offered by Paytm for Rs. 20 for 1 year provides comprehensive coverage and benefits to the policyholder, ensuring financial security in case of any unfortunate incidents.
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The policy coverage starts from 3 days after the transaction
Personal Accident Insurance from Paytm is offered in association with ICICI Lombard Personal Accident Insurance. The policy is valid for Indian citizens who are registered users of the Paytm platform and aged between 18 and 50 years at the time of issuance.
The policy coverage starts from three days after the transaction. The customer should receive the policy certificate directly on their email, which is registered with Paytm, within 24 hours of the transaction. The policy coverage will start from the third day after the transaction date.
Personal Accident Insurance provides financial protection against uncertainties such as accidental death, accidental bodily injuries, and partial/total disabilities. In the case of accidental death, the nominee receives 100% compensation from the insurer. The policy also covers partial permanent disability for a period of one year.
Personal Accident Insurance is a recommended safety net as accidents can happen anytime, anywhere, and may result in minor to severe injuries. A minor accident can cause temporary discomfort, whereas a major accident can significantly impact a person's life and overall well-being.
The policy offered by Paytm provides coverage for both individuals and families and has no waiting period, allowing policyholders to claim accidental injuries from the first day. It also offers worldwide coverage, protecting the insured against accidents across the globe.
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Frequently asked questions
Personal Accident Insurance in Paytm is offered by ICICI Lombard General Insurance Co. Ltd. and covers benefit up to Rs. 1 lakh for Accidental Death and Partial Permanent Disability for a period of 1 year.
The policy is valid for Indian citizens who are users of the Paytm Platform and aged between 18-50 years at the time of issuance.
Personal Accident Insurance provides financial protection to the insured against uncertainties, such as accidental death, accidental bodily injuries, and disabilities. It also offers various riders, such as accidental hospitalization cover, hospital confinement allowance, and children's education cover.
You can purchase the policy directly from Paytm or while recharging your mobile number. The policy certificate will be sent to your email address registered with Paytm within 24 hours to a few days after the transaction.
