IndusInd Personal Accident 360Shield

Partial disability limits your ability to perform your job in some capacity. For example, this could be hearing loss, loss of a limb, loss of one eye, etc. – Injuries that don’t completely incapacitate you. Total disablement prevents you from doing any type of work. For example, this could be total body paralysis, coma, severe head injury that affects your cognitive abilities, or loss of two or more limbs.   

Put Simply: With partial disablement, you will still be able to seek employment and work in some capacity. Total disability prevents you from seeking any type of work due to the complete physical impairment of your body. 

Insurance compensation for total disability is generally higher to account for the fact that the person is no longer able to work. While compensation for partial disability is slightly lower in comparison, since the person can still go back to work once they recover.

Under the IndusInd Personal Accident policy, you're covered for both permanent partial and permanent total disability up to ₹25 Crores. 

Personal accident insurance is a type of insurance that provides compensation to you or your family in case you suffer from any injury, disability or loss of life due to an accident. It offers a payout amount (usually the sum insured) in case any of these events cause you to halt work or lead to a loss of life. 

The kind of disability from an accident could be either partial or total. For example, disablement could be loss of both eyes or one eye, loss of all limbs or any one limb, loss of hearing in one or both ears, etc.

IndusInd Personal Accident insurance covers you for accident-related events that lead to hospitalisation. For example, this can be a road accident that leads to emergency hospitalisation.

Health insurance covers you for a variety of other medical emergencies, including accident-related ones. For example, these can be your medical bills for when you fall sick and need to visit the hospital.

Yes, these more uncommon accidents are still covered under the IndusInd Personal Accident plan –

• Homicidal incidents can be considered as accidents, subject to no possibility of intentional loss of life (self-inflicted injury).

• Covered animal bites/attacks include snake bites, scorpion bites, and injuries from poisonous animals, reptiles, or insects.

• Disability arising from an injury-related infection (e.g., gangrene) after treatment is covered.

After a Permanent Total Disablement (PTD) claim, you cannot renew the policy. For Permanent Partial Disablement (PPD), if the PPD claim results in a 50% disability rating, you cannot renew the policy.

For reference, when your policy states “Specified Severity” coverage under PPD – 50% and above is considered “Specified Severity”.

No, non-earning members cannot take individual policies and can only be covered with an earning member. However, non-earning members are eligible for up to 50% of the earning member’s SI. For example, housewives can be covered if the proposer is an income holder. The housewife will receive 50% of the base salary increase.

Yes, provided the loans are taken within India from banks regulated by the Reserve Bank of India (RBI). The maximum amount payable is limited to the policy’s base sum insured amount or the outstanding principal loan amount, whichever is lower. And the loan payment will be drawn in the name of the financier.

In case you already have insurance for that loan, you cannot get the Loan Protector benefit. The Loan Protect option can also only be added at the time of renewal.

The maximum limit is 2%*. For example, if the loan amount is ₹10,00,000, the maximum limit is 2% of ₹10,00,000, which is ₹20,000 per month. The insured will receive either ₹20,000 or the outstanding EMI amount, whichever is lower, for a maximum of 3 months.

The renewal notice will indicate whether a waiver is available. If you've opted for this cover and the waiver is not mentioned, please contact customer support.

The customer should inform us about the change at the nearest renewal. For multi-year policies, the insured should inform us immediately so the adjustment can be made for the remaining period.

Yes, home visits are allowed. Claims under this benefit are payable on a cashless basis via our network providers. If you’re opting for this service from a non-network hospital, you’ll need to pay a 20% co-pay*.

Any address outside the insured’s city of residence will be considered for repatriation. The benefit covers transportation from the place of death to the burial or cremation ground, or the insured's residence. The costs for this service are part of the sum insured.

In case of multi-member death, the lump-sum amount will be settled to the nominee or legal heir.