Why Personal Accident Insurance

Major reasons why you need personal accident insurance policy-Disabilities covered- Several disabilities might be witnessed after an accident, for which a policyholder can claim compensation. For instance, if an individual loses hearing in an ear or vision in an eye, he can file a claim.. This is why personal accident plans are usually regarded as a useful complement to other existing insurance policies that a person may already have, and not a substitute. Coverage Provided By Personal Accident Plans In general, here are the types of coverage that you can get from a personal accident plan. # 1 Death Benefit. Personal Accident Insurance. Personal Accident Insurance policy provides complete financial protection to the insured members against uncertainties such as accidental death, accidental bodily injuries, and partial/total disabilities, permanent as well as temporary disabilities resulting from an accident.. Since health insurance does not cover accidental medical emergencies, it is crucial to include personal accident insurance in your health plan. The key benefit advantage here is the convenience it offers at the time of renewal-you can renew both at one go. 5. Cost-Effective Policy The premium of Personal accident policy is very low and affordable..

Also, you might be covered under your corporate personal accident insurance, but still it is necessary to buy your personal accident insurance policy. A personal accident coverage should be minimum 5-10 times of your annual salary, but your employer’s coverage may be of a lesser amount.. Accident insurance covers expenses incurred a the result of personal injury from an accident. The type of medical issues covered can range from fractures and a broken tooth to burns. Hospital stays are also covered and may include long-term stays such as in the case of a coma..

A personal accident insurance policy is a type of general insurance that provides benefits in the case of accidental death, disability and injury. The benefits usually cover all phases of suffering an accident – from evacuation to hospitalisation and treatment, rehabilitation and recovery.. Personal Accident Insurance: Accident insurance policy provides insurance benefits to an individual in case of any accidental damage. Understand the types, features & benefits before you decide to ....