Personal Accident Insurance
Personal Accident Insurance refers to an insurance which offers compensation in case of death, bodily injuries, total/ partial disability or mutilation resulting from an accident caused by violent, visible and external means. The types of events that are covered under personal accident insurance are rail, road, air accident, injury due to collision or fall, burn injury, drowning etc. Accident insurance can protect your family and yourself from financial concerns such as loss of income and medical expenses that unforeseen accidents lead to.
Personal Accident Insurance Coverage
Personal accident policy is an insurance that covers for one or more of four contingencies in the event of an accident: death, permanent total disability, permanent partial disability and temporary total disability.
Why go for Personal Accident?
You are probably leaving yourself extremely vulnerable to a fate that is, in some ways, worse than death if you are ignoring the risks that accidents bring in even if you have life and health insurance covers.
How to buy Personal Accident?
The premium on personal insurance plans is priced based on the individual's profession and age.
This policy is suitable for everyone. However, what stands out is the simplicity of this policy and ease of understanding:
Group Personal Accident Insurance Policy:
This policy covers a group of people in the event of any accident and covers the entire group. A policy can be bought to insure a group of individuals. This policy has same features as of individual personal accident insurance. Generally, group insurance accident policy can be taken to insure whole family by an individual or employers can buy this policy to provide insurance to their employers.
Personal accident insurance policies should be analyzed thoroughly and should also be compared for better understanding. Comparison of personal accident insurance policies can be done with us to get best personal accident insurance in India.