Personal Accident
Unfortunate Accident of all types are take care in the policy. Personal Accident Policy Covers at a very normal cost the following covers:
- Accidental Death Permanent total Disability. / Temporary total Disability. / Offers additional Riders. / EMI Cover / Child Education. / Coma / Fracture / Adventure Sports. / Loss of Income on weekly basis as per your income tax returns.
5 Points to Remember When Taking a Personal Accident Policy
A good personal accident policy should cover a wide range of accidents, including:
- Accidental Death
- Permanent Total Disability
- Temporary Total Disability
- Coma
- Fracture
Consider adding riders to enhance your coverage, such as:
- EMI Cover
- Child Education Cover
- Adventure Sports Cover
This rider can provide financial support during periods of temporary disability, based on your income tax returns.
Choose a policy term that suits your needs and ensure timely renewal to maintain continuous coverage
Understand the claim process and documentation requirements to ensure a smooth and hassle-free experience in case of an unfortunate event
Specific Points to Remember When Taking a Personal Accident Policy
While health insurance covers medical expenses due to illness or accidents, a personal accident policy provides financial protection against the financial consequences of accidents. This includes:
- Loss of Income: If you’re unable to work due to an accident, the policy can provide a regular income.
- Permanent Disability: In case of permanent disability, the policy can offer a lump sum amount to cover future expenses.
- Accidental Death: The policy can provide a significant sum to your family in case of accidental death.
The duration of income compensation depends on the specific policy and the type of disability. Typically, policies offer coverage for a certain period, such as a few months or even years, depending on the severity of the injury.
While you can’t directly cover your family members based on your income, you can consider adding them as additional insured persons to the policy, subject to the insurer’s terms and conditions. This would require separate premium payments for each family member.
Conclusion
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