A personal accident policy helps to overcome the financial problem happened after the death of insured and also many benefits under it.
Health Insurance plans are the backup or may call protector of people in some serious problems or illness which are life snatching and also have expensive treatments. Besides this, a right health insurance plan is like an assurance for the insured while he/she faces some kind of difficulties; there are lots of people in every country who dies or suffers with lifelong pains due of lack of support. It is a guide, a friend, a helper, an assurer, a good protector which means an overall coverage for insured person but still it is not enough to get fully covered and having all kind of money while in danger. Health is wealth and no doubt freaking for being healthy and fit is become a mania now-a-days; after advanced technologies and lifestyle people get affected easily.
Now-a-days it’s become difficult to get a health insurance plan as the expenses are raising everyday and it also becomes difficult to get all the benefits in a low budget health plan. But it is also possible to get lower health insurance if premiums can keep lower, so one can adopt many measures, provide optimum coverage e without paying too much. There are various kinds of health insurance policies such as Individual Health Insurance Plans, Family Floater Plan, Children Insurance Plan, Car Insurance Plan, Mediclaim etc.
Life is a beautiful and valuable gift given by God which makes our staying moment in this earth wonderful but this value of a life in world is very little. Accidents never come by knocking us before but they take away uncountable lives in just some time. An accident can lead a life to bodily injury, disability and in worst case also to death. Though death is unavoidable, but people can certainly get some financial protection for themselves and their family with a personal accident policy. It is a type of policy that offers people protection against death or disability caused due to an accident, if death happens due to accident then the policy will pay out a lump sum amount to the nominee of the policyholder.
We are going to highlight 10 things about a personal accident policy which is important to know:
A personal accident policy reimburses the policyholder if permanent or partial disability happens due to an accident.
The policy offers full sum insured to the kin of the policyholder on death caused for an accident.
The main purpose of this policy is helping the insured’s family to overcome the loss of income due to the accident of the insured.
A personal accident policy offers lifelong coverage and it is renewable also.
The premium for a policy remains same throughout the term of the policy; it will not depend upon the changes made in age or lifestyle habits.
The policy doesn’t cover death caused due to an illness.
Under this policy, the nature of the accident doesn’t matter as it simply provides benefits in case of any accidents resulting in broken bones.
Daily cash allotment is given to the policyholder if an accident needs hospitalization.
There are few personal accident policies that also cover ambulance costs to help the policyholder reach the hospital if an accident takes place though this coverage may vary from insurer to insurer.
Permanent disability like loss of limbs or paralysis and even temporary disability like fracture is also covered.