Life Insurance Vs Personal Accident

Personal accident insurance, also known as personal injury insurance, is designed to pay out compensation if you suffer from a serious injury or death as the result of an accident. It can protect you and your family against loss of income, and help them with bills and other expenses.. Life insurance is tax deductible but accidental insurance does not possess tax benefit. Life insurance is a costly proposition while personal accident policy is cost-effective and cheap. You can avail Personal accident policy of sum insured Rs. 10 Lakh by paying the premium of Rs.1000. The cost of availing personal accident insurance is minimal.. Personal accident insurance vs life insurance: What should a young earner opt for? Insurance is an important aspect of one's financial stability and security. However, the type of insurance one requires depends on his specific present needs.. These two policies can cover the death and medical expenditure. It is important to see which type of insurance it is. These are differences between the personal accident insurance and life insurance, according to your need you can choose insurance policies after considering all the facts and terms and conditions.. you may mail me at or contact me at 9811271162 for any information on Life insurance or general insurance matters like Fire , Burgulary, Home / office insurance, liability insurance, group perspnal accident policies , group health insurance , Personal Health Insurance ,personal accident policy , car insurance ETC. I work for following co's..

Personal accident cover and health cover are helpful in different scenarios and you must know the difference before buying a plan. Read: Best Insurance Plans in India. Personal Accident Insurance vs Health Insurance. There are some key parameters that differ from a Personal Accident Cover from a Health Cover.. Personal Accident Insurance < Back to Our Products. Personal Accident Insurance. The cost of an accident can be expensive. At Great ... Life Insurance. Health Insurance. Wealth Accumulation. See All. We are here to help Contact a Financial Representative. Browse here. Back to top..

Both personal accident insurance and life insurance provide a lump sum payout when the conditions of the policy are triggered, but that's about where the similarities end.. Is accident insurance worth the money for you? Read on to find out more. In today’s health care and insurance environment, chances are, it is. What Is An Accident Insurance Policy? An accident insurance policy will pay you a tax-free benefit upon injury from an accident, which means a sudden, unexpected, and unforeseen event..