How Does A Personal Accident Policy Protect You And Your Family From Unexpected Accident Risks?

In spite of being careful while doing activities in and around the house, it is possible to slip down or fall, which will result in an injury. A slight bump can be treated with a visit to the doctor. However, medical expenses arising from this accident that are incurred regularly can bear a hole in your pocket. In such situations, having a personal accident policy proves to be very helpful.

What Is The Coverage Offered By A Personal Accident Policy?

This policy pays for expenses arising from medical treatment for a personal accident. In case of a severe accident which results in permanent disability or loss of life, it pays out a heavy compensation. It also covers for children’s education expenses which have to be met with when a debilitating accident happens and prevents you from working. Various types of medical expenses are covered, both in-patient and out-patient. It can be used not just to meet medical treatment expenses but also helps to run the family. It pays a double amount if the accident causes permanent disability or loss of life. It pays for children’s education fees and legal expenses arising from third party liability.  Since the policy offers such a broad range of benefits it is vital for everyone to have it. It can be taken as part of health insurance policy or as a separate policy.

While other policies offer coverage that is applicable only in India, this policy’s coverage is applicable outside the country. So, if you suffer from a personal accident, claim can be made against the policy even if you are abroad. In case the accident is caused by acts of terrorism, you will get compensation. It is easy to obtain cover for personal accident as anyone who is above 18 years of age can get it. There is no need for any documentation or medical tests.

Personal accident insurance cover is not just applicable to you, but also for your spouse and two dependent children, which is very beneficial because everyone can get protection through it. The period of coverage is one year, after which the policy has to be renewed.

Why Is It Necessary To Take A Personal Accident Policy?

Though we are surrounded by advanced facilities today, life has more risks now than before. Small accidents can happen at home or outside. From minor to major injury, the treatment cost can be high to deal with. In case of a severe accident, you can incur heavy medical expenses that might affect you and your family badly. Having personal accident cover protects against such risks and many more.  The cost of a person accident insurance policy is very nominal, and there are various plans available from which you can select one that is optimal for your needs. 

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Created on Dec 31st 1969 18:00. Viewed 0 times.

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