Life insurance and health insurance are two of the most popular types of insurance policies. While the life insurance policy covers the risk of death, health insurance policy provides financial protection against medical expenses. However, apart from these two, there is - personal accident insurance too many people tend to overlook.
Personal accident insurance offers protection against the financial consequences of an accident. Accidents are common. Almost every day, there is news of road accidents and other types of accidents in newspapers. Some of these accidents can be fatal or can cause serious injuries that may lead to physical disabilities. If such a thing happens, the affected person may end up losing his job and income. Moreover, the disability treatment can wipe out your savings. A personal accident insurance policy can protect you from such financial difficulties.
Here are some of the important things you need to know about personal accident insurance-
1. All types of major and minor accidents are covered under personal accident insurance.
2. It provides financial protection against death as well as disability due to an accident.
3. As compared to other insurance plans, the premiums for personal accidents insurance are quite low.
4. Partial, as well as full disabilities are covered by personal accident insurance.
Note that, a personal accident insurance does not cover for some types of disabilities that include pre-existing disability, disability due to childbirth, self-injuries, criminal act, etc. A basic personal accident insurance policy provides the basic death and permanent disability cover. If you want to make the cover more comprehensive, you can buy additional protection against temporary a partial disability. A comprehensive cover will provide you complete peace of mind and freedom from all financial difficulties. However, it is important to understand the terms and conditions of the policy carefully before purchasing it.
When it comes to buying a personal accident insurance policy, there is no shortage of options. Most of the leading insurance companies offer these policies at low premiums. Personal accident covers can also be purchased online. You can easily select the policy you need and get a quote on the same. The entire process of choosing the right personal accident insurance policy online takes just a few steps.
Here are some of the important things you need to know about personal accident insurance-
1. All types of major and minor accidents are covered under personal accident insurance.
2. It provides financial protection against death as well as disability due to an accident.
3. As compared to other insurance plans, the premiums for personal accidents insurance are quite low.
4. Partial, as well as full disabilities are covered by personal accident insurance.
Note that, a personal accident insurance does not cover for some types of disabilities that include pre-existing disability, disability due to childbirth, self-injuries, criminal act, etc. A basic personal accident insurance policy provides the basic death and permanent disability cover. If you want to make the cover more comprehensive, you can buy additional protection against temporary a partial disability. A comprehensive cover will provide you complete peace of mind and freedom from all financial difficulties. However, it is important to understand the terms and conditions of the policy carefully before purchasing it.
When it comes to buying a personal accident insurance policy, there is no shortage of options. Most of the leading insurance companies offer these policies at low premiums. Personal accident covers can also be purchased online. You can easily select the policy you need and get a quote on the same. The entire process of choosing the right personal accident insurance policy online takes just a few steps.
