Why Should you Consider Getting Personal Accident Health Insurance?

Driving on the Indian roads is becoming harder. Though the traffic police and the government has been doing a lot, still the conditions of the road are hard to improve. Also, with rising traffic, the chances of getting into an accident are increasing. No matter how many precautions you take or how safe you drive, you might get into an accident. The word accident does not necessarily mean a big unfortunate event. It simply means an unintentional and unfortunate incident that may result in damage or injury.

Having a personal accident cover in these times allow you to have the peace of mind. You can enjoy the financial stability and leave everything on your insurance to cover the expenses of the injury or damage that has occurred in the accident. Accidents sometimes can be fatal and while most of the times you can cover the damage but sometimes, they go well beyond your reach. In an accident not only, the car is damaged, but there are significant injuries to the person and can even lead to death. It can lead the person to be bedridden for months. The personal accident insurance can take care of the loss of income and can have you a safe space to recover.

What are the benefits of a personal accident insurance - Finserv MARKETS

Top reasons to get personal accident insurance are:

Death Cover: The policy covers the family in the unfortunate event of death. Full sum insured is given to the family if the person dies during a road accident. The standard health insurance does not provide this critical support. In the case of young children, the insurer takes care of their education. For education, the insurer pays 10% of the sum insured or the fee charged by the institution whichever is lower.

Disabilities: Accident sometimes can lead to permanent or temporary disabilities. All the disabilities are covered in the policy and have different term and conditions. The policyholder can file a claim and get compensation for the insurance. People can lose their hand, eyes, hearing ability, many things can happen in an accident and they can file a claim for the same.

Income Support: In cases where the person is not able to go to their job due to the accident, accident insurance will cover for the income loss. The person won’t get their salary once their paid leaves are exhausted. You will get a fixed compensation from the side of the insurance as a recovery for the income loss.

Hospitalisation: A lot of times, you may have to stay in the hospital for months to recover from the injuries. In these cases, the medical bills of the hospital can go soaring high. All the hospitalisation cost is covered by the insurance company up to the sum insured. They will cover even the expenses of ambulance cost and other small costs that may occur.

Loan Benefit: In case you have a loan to your name, and it is in the middle of the tenure when you get into an accident. The burden of the loan will fall on your family in case of a serious accident. This is where the insurance will come into play and provide vital support to the family by helping with the principal amount that is to be paid. Compare health insurance plans with personal accident cover and get one now.