Personal accident insurance covers death or disablement to the insured person, arising out of accident.
Basic principles that guide personal accident insurance include utmost good faith, insurable interest and subrogation etc.
Permanent total disablement, permanent partial disablement and temporary total disablement are covered under P.A. policy.
The exclusions commonly found in personal accident policies include payment of compensation in respect of death, injury or disablement of the insured, from intentional self-injury, suicide or attempted suicide or from service in the armed forces etc.