Why Personal Accident Insurance?
Imagine a healthy family of 4 people. The bread winner Ramesh, has life insurance
and family floater policy. Suddenly on their way back home, there is an accident
and Ramesh has a permanent disability in his legs. Will the life insurance and family
floater help? Health insurance is for hospitalization and life insurance compensates death.
But, what if there is disability due to accident?
Accident Insurance takes care of these expenses should there be
death or permanent disability due to accident.
Let's look at some Accident fats in India
We do not like to hear about all this but
do you know, Indian roads were at their deadliest in 2014 claiming more
than 16 lives every hour on average. and these incidents terribly affect finances.
Advantages of Personal Accident Policy:-
The sum assured provided by the personal accident insurance turns as a
major support to save you and your family from the economical crisis.
Double indemnity for death/ disability while traveling in public transport
What does the policy cover?
Accidental death coverage gives compensation on the policyholderâ€™s
death caused by bodily injury resulting out of accident and leading into death.
The nominee will receive entire sum assured offered by the insurer.
It indicates that the insured person is disabled from work, either wholly or partially.
The policyholderâ€™s body part has been dismembered or severed.
It clearly means that the insured person loses his eyes, legs or hand, then only the
insured person would be eligible to receive a claim under this coverage.
Funeral Expenses in case of accidental death
Expenses incurred for transportation of policyholderâ€™s dead body from the accident spot to the residence place
Beware of these five myths around term insurance
Term insurance is the purest and cheapest form of life insurance.
However, not many buy it, all thanks to these myths.
Middle-class risks breaking banks for rising health costs
The study is based on data obtained from 10,000 consumers across eight major cities,
aged 25 to 45 and in the income bracket ranging from Rs 6 to 36 lakh annually.
Got your first job? These three policies you must buy
First job means a sense of achievement. However,
one must also look at shouldering new achievements.
Buying insurance can help you to with a strong base.
Do not forget to buy personal accident insurance cover
Personal accident insurance offers coverage from death,
disability arising out of accident. At a very low premium it offers wide cover.
Financial literacy: Way for financial empowerment of women
Many women ignore personal finance. This can be detrimental to their financial health.
It pays to know about the current situation and take charge of familys money matters.
How to reduce your personal finance costs?
Each transaction comes with some cost or the other. However,
if you are willing to take some efforts you can reduce these costs
Differently abled should know this before buying insurance
There are many options for disabled insurance buyers.
One should carefully study his needs before buying one.
Also understand the tax benefits available for disabled persons.
Customize motor insurance to suit your needs
Modern day motor insurance policies come with many add on covers as
compared to traditional motor insurance policies. One should understand
the benefits and accordingly purchase the right cover
Vista Equity to buy software maker Solera for $3.74 bn
Vista expects the transaction to enhance its position as an acquirer
of data companies and enterprise application software.
The deal is the largest in Vista's history, according
to a person familiar with the matter.
Air bag makers eye boost from new India road safety rules
In India, a person is killed in a road accident every four minutes - 141,000 in 2014 - yet less
than a third of the 2.6 million cars sold each year have air
bags in this cost-conscious market.
Hospital daily cash allowance for accidental bodily injury FAQs
Personal Accident Insurance provides a financial cover to an individual who had to suffer
death / disability / dismemberment due to an accident.
A life insurance covers death and a health insurance covers hospitalization expenses.
But if a person suffers a disability in an accident, neither of the two suffices
enough to make up for his/her immense loss. That's where personal accident comes into
picture and provides a financial cover to the sufferer.
Ideally, it should be 10 times of annual income.
Personal Accident Insurance is open to everyone from the age of 18 years to 65 years.
The best part of this type of policy is that it has hassle free documentation.
Fill the complete proposal form with relevant details and sign it .
Tick any one plan and attach a cheque or fill the credit card details in the form.
It's that simple!
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