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A Personal Accident policy provides insurance cover against the following perils with an option available with the insured to take cover for either or all of the risks:
The policy provides for a table comprising 6 classes of benefits categorised under three heads that are death, permanent disablement and temporary disablement. An individual has the option of taking cover for either of the following combination of benefits:
The percentages of benefits for the permanent disablement of various parts of the body have been fixed based on the utility of that particular part of the body.
"Temporary Disablement" means the period for which the insured is unable to attend to his normal duties and is confined to bed on a medical practitioner's advice as a direct result of accidental injuries sustained on account of physical, violent means.
Compensation Payable:
Compensation is payable to the extent of 1 percent of the capital sum insured subject to a maximum of Rs.5000/- per week up to a maximum period of 104 weeks or the capital sum insured whichever is less.
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