A personal accident policy insures you against death, permanent total disability, permanent partial disability and temporary total disability in case of an accident. It covers against major accidents or physical loss arising due to death or disablement due to accidental bodily injury. It pays compensation for any accidental death or disablement happening anywhere in the world. You should buy a personal accident policy because it plugs an important hole in your insurance portfolio. Firstly, it will provide financial support to the policyholder if he is disabled after an accident. Secondly, the magnitude of the mishap doesn’t matter; even minor ones like falling off a bicycle and breaking an arm, or fracturing a leg while playing football are covered by the policy.