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Mumbai9 hours ago
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- Any fatal or serious injury can also have serious financial consequences. That’s why you need such insurance cover
- It is very easy to think that nothing will ever happen to me, but accidents and injuries can happen anytime
It is very easy to think that nothing will ever happen to me, but accidents and injuries can happen anytime. It can also have far-reaching effects on you. Therefore, it is important to think about what will happen to you and your family members if a serious accident happens to you. Since a fatal or serious injury can also have serious financial consequences. Therefore it is advisable to have a suitable personal accident cover to avoid any such situation.
Why this cover is important
Personal accident cover is a benefit policy that covers you against the risk of death or disability due to accident. An accident can lead to complete or partial disability. This can hamper the financial stability of your family members. In such a situation a life insurance policy does not provide coverage. A health insurance policy only covers hospitalization expenses.
Accident policy protects you
A personal accident policy protects you in case of any such sudden situations. This policy is very cheap. You can get a cover of 15 lakh rupees per day at a premium of one rupee. It is available on an annual basis. It needs to be renewed every year. Apart from this, its coverage starts from day one without any waiting period.
So what does this actually cover
In the event of an accident resulting in disability or death, a personal accident cover provides financial help to you and your family members. There is no point here with more injury. The expenses of minor accidents such as road accident or falling off a bicycle and breaking the arm or fracturing the foot while playing football are covered under this policy.
Coverage is most important
This coverage is most important for conditions such as accidental death and outright disability (as coma or paralysis). You should not ignore the possibility of temporary disability, which may dent your regular income. Choosing these basic covers at a low cost is a wise financial investment to protect your family from the dangers that may come later.
The policy comes with world wide coverage
Personal accident policies come with world wide coverage. This includes death as well as total permanent disability, permanent partial disability, adventure sports benefit, children’s education benefit, fracture care, EMI payments and loan protector cover.
Customization Features of Policy
The coverage written in these policies makes a customer stronger to choose the coverage which they find most suitable for themselves. For example, if you are a player participating in a game, you can avail this cover in addition to the Health Insurance Base Cover. Or if you have an EMI to pay, and if God does not die or you are permanently disabled, you can take a loan protector extension.
Insurance helps family financially
A personal accident insurance cover is extremely important to protect the financial condition of you and your family. Any untoward accident may occur. In such a sudden time financial planning not only helps you cope better with sorrows, but gives you a way to live a normal and dignified life as soon as you recover.