Accidental death (ad): In the event of death due to an accident, the insurance company shall pay 100% of the sum insured to the nominee of the insured person.
Permanent total disability (ptd): Here, the disablement is of permanent & irrecoverable in nature and is absolutely total due to an accident. Under this disability, the insured person is prevented from engaging in a gainful employment of any kind (example, paralysis, loss of 2 limbs, etc.).
Generally, the compensation paid varies from company to company. Most of the company pays a compensation of 100% of the sum insured. However, there are certain companies which offer higher compensation like
Permanent partial disability: This benefit is similar to permanent total disablement, but in this case the disablement is only partially & not complete. In the event of a claim, the insured shall be compensated as per the benefit table (varies for all companies).
Few instances to list are - loss of one finger, loss of one toe finger, loss of leg, loss of one eye or hearing in one ear, etc. Here, the coverage generally starts from 5% of the sum insured and goes up to 100% of the base sum insured in certain cases depending on the disablement.
Temporary total disability (ttd): It is a disablement which is total but for a temporary period only. Under this disability, the insured cannot wholly and continuously perform each and every duty pertaining to his job / occupation. Certain companies pay a compensation of 1% of the sum insured or max. Rs. 5,000 per week for a max. Period of 100 weeks.