Why Personal Accident Insurance Is Important

Posted in Accident Insurance, Family, Finance, Insurance and tagged financial burden, how much does an accident cost, how to pay for an accident, how to pay for emergency room visit, how to pay for hospital visit, how to pay for initial care, medical costs, out of pocket costs, what does accident insurance cover, why you need accident insurance. Personal accident insurance is an annual policy which provides compensation in the event of injuries, disability or death caused solely by violent, accidental, external and visible events. The definitions for violent, accidental, external and visible events vary from insurer to insurer.. It’s important to note that personal accident plans differ from life and health insurance as coverage provided is only meant for injuries and treatments which arises due to an accident. This is in contrast to life and health insurance, which provides coverage regardless of the circumstances which lead to death, illness or injuries, be it accidental or natural.. Why A Personal Accident Plan Is An Important Part Of Your Insurance Protection Coverage. Brought to you by AIA. 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 ....

Being the proud owner of no less than five policies (my insurance wall against any potential misfortune), why on earth should I pick up yet another bill for PA insurance? Would I be nuts to yet spend another dollar on such a foggy product such as the Personal Accident Insurance (PA)?. Why Personal Accident Insurance Is Important. Home → Why Personal Accident Insurance Is Important . There are basically 2 reasons for pre-mature death: Illness or Accident. Death is not horrifying as all your expense become zero. The horrifying part is, what if you don’t die after an accident?.

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.. 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.. Personal Accident Insurance Accidents shatter people emotionally, physically, and financially, draining away lifelong savings. Your happiness comes to a pause and you are left with shock and financial burden. HDFC ERGO presents Personal Accident Insurance to help you sail through steadily during these times..