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| Personal Accident Insurance |
Accidents are the fact of life. Chances of mishaps happening to
ourselves seem almost remote but they could happen at a time when you least
expect it. The probability of you met with an accident in India or abroad is
very high. ! In such situation it is
utmost important to ensure that your family doesn’t have to face additional
burden of managing their day-to-day basic needs
A Good
Personal Accident Insurance will give you peace of mind that will tide you
through, if you meet with any big or small mishap. , you may have to undertake
significant financial expenditure to get the care that you require.
A personal accident policy is a critical component in the
investment plan of person who has dependents to support; whether it is children
or aged parents, provides compensation in case of death & also bodily injury,
total/partial disability or dismemberment caused due to an accident. However
to be covered under this policy, the injury must have occurred due to an
external, violent means
The
personal accident insurance is a flexible policy that can be adjusted according
to your needs and budget, Nowadays, wide range of accident insurance providers offer the option of customising the policy depending on specific
events
In addition to the death or disablement benefits, the PA cover provide reimbursement upto specified limits for Medical Expenses incurred for treatment following an accident.
It is all the more important for those who have taken loans (mortgage
loan, vehicle loan, personal loan, etc.) to take the personal accident cover
because this would offer protection towards Repayment of outstanding
balances at the time of any accident affecting the repayment capabilities
Also bear the Education cost of dependent children is up to
specified limits in case of accidental death or the permanent total disablement
of the Insured
Modification of Residences / Vehicle is also provided by insurer In the event of
permanent total disability, we reimburse the expenses incurred for modifying
residential accommodation or own vehicle.
Some insurer provides the benefits such as , Funeral Expenses in case
of Death , Transportation Allowance of insured dead body or disablement
from the place of accident to the place of residence. Burns in case of
accident ,spital confinement allowance and purchase of supporting equipment,
like crutches and wheel chairs,
Ambulance Expenses from accident site to hospital , can also be availed.
it is a low cost insurance
policy, this segment is different from health policies in the sense that not
only does it cover a portion of medical bills arising from an accident or
injury, but also provides security against any temporary, extended or permanent
loss of income due to the aforementioned
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