Compare Features of Personal Accident Insurance

Life is short, so live it wise and long; is a philosophy worth remembering. In today’s modern world the fast paced life is parallel to the growing modernity. The growing modernity has given us access to scientific outlook, comfortable life, luxurious lifestyle, and above all advanced medical facilities. The advanced medical facilities are very costly and needs very sound financial backup.

The rising or say inflating cost of availing medical facilities and best treatment is quite financially stressful. The ill health is not one aspect, which can lead to hospitalization; as vehicles are increasing every day, and the rashness often leads to accidents.

The latest report by a reputed survey company, speaks of the high volume of accidental death, accidental hospitalization, hit and run case, accidents due to mechanical errors, and carelessness. In modern India, accidents are every day affair and are unfortunate to come across.

One cannot control the impact of an event or suddenness of an event; but how we respond to it, really matters. Therefore, to say one won’t face accidents is just being ignorant of self and dear ones. The unprecedented future is quite risky and mysterious; nobody really knows what’s in store for us tomorrow. The events can be both good and bad; but the outcome can make or break us. So, to take a chance against such incidents are not wise and not advised.

We should always think about our future, our family, children, and our present; which presumes this life. Accidents often are dangerous and can lead to life threatening consequences. The emotional and financial trauma thereof is quite devastating. Thus, we always need to secure our future, along with the future of our near and dear ones from such mishaps. The experts recommend opting for personal accident insurance, which will give secured and worry free tomorrow.

What are benefits of accident insurance cover for self?

1. In case of accidental death one gets the compensation as per the sum insured (sum insured slabs are – 10 Lac, 15 Lac, 20 Lac, 25 Lac & 30 Lac)

2. The insured person gets compensation for permanent total disability due to accident

3. The insured person is entitle for compensation even in case of permanent partial disability due to accident

4. If one get’s fractured in bones due to accident will be compensated (compensation for 10 Lac sum insured = 50, 000 and rest sum insured slab = 1, 00, 000)

5. In case of accident child education is supported by the insurance company (for 10 Lac the benefit is not available and rest slabs it’s 10% of the total sum insured)

6. The accident insurance policy also cover the major diagnosis tests for the amount up to 15, 000 INR

7. In case of disappearance of the insured person, sum insured is compensated to the nominee (for 10 Lac sum insured this feature is not available)

8. The mobility cover of INR 15, 000 is provided to the insured by the insurance company

9. In case of accident leading to burns in body, the insurance company will compensate up to 10 Lac (this feature is not available in 10 Lac sum insured slab)

10. The cover for domestic road ambulance is excluded for all slabs

11. The reconstructive surgery if required after accident will be covered by the insurance company

12. The nursing care is not covered for any slab in personal accident insurance
13. The accidental hospitalization cover will be compensated up to 1 Lac for all slabs
14. The insured person will be provided 500 INR daily allowance for maximum 5 days, during hospitalization
15. The insurance cover for accidental hospitalization also cover up to INR 15, 000 as compassionate visit, for all slabs

Therefore, by opting for an accident cover or insurance you’ll be secure for your future. For more information you can search online.

This article has been published by Saif Raja, a regular blog writer on Insurance Policy. You can find info on Accident Health Insurance