Personal Accident Insurance: Why Do You Need to Get One for Yourself?

More than 1.5 lakh people in India die in road accidents every year due to their rash driving or due to the negligence of others. Being more specific, 400 people incur critical injuries on a daily basis. These accidents can lead to death, or result in a permanent disability which can impair your earning ability. Given the fact that you are the only earning member of the family, either of the two circumstances can leave you vulnerable to financial crunches, making it difficult for you and your dependents to survive. If you can anticipate the possibilities, take the necessary precautions before the emergency breaks out - apply for a personal accident insurance policy.

Having said that, take it easy! Rushing into things is not getting anything other than a lot of regrets. Be calm and invest some time in conducting a comprehensive research. Find the best personal accident insurance policies available on the internet and compare them based on different factors. You can use factors like coverage amount, the premium amount, and the other available benefits for comparing. This will help you find the most suitable personal accident insurance policy for yourself.

For More Info visit- What is Personal Accident Insurance?

Why do you need a personal accident insurance?

While you may have a life insurance and a health insurance scheme on your name to cover the financial emergencies in case of any mishap, but the coverages will be available only in case of death, or a medical emergency. Expenses incurred due to road accident might or might not be covered, and hence, a personal accident policy fills the gap in between.

In the end, choose a sum assured that is 5-8 times your annual salary while buying a personal accident insurance for yourself.

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