Why you Should Choose a Personal Accident Insurance Policy?

Personal accident insurance policy has a number of advantages. Accidents are like unforeseen calamities and when they happen, not only does it cause distress and trauma, but it also adds to the financial burden of the family. Accidents can result in death, or in partial or complete disability. In case one has insurance, all these contingencies are covered. The insurance company pays for the disability, or in case of death, the amount is paid to the family members. The cover takes care of the expenditure that arises with the treatment. Accident insurance is different from a health insurance.

In fact, personal accident insurance cover premium are also extremely low compared to most health insurance plans. It is however, advisable to get a cover at least ten times the amount of one’s salary because in case an accident occurs, this is going to act as your source of income while one is in bed. One can get a cover of up to Rs 30 lakhs online and even higher when it is bought through insurers like Bajaj Finserv. It is also advisable to opt for this cover separately rather than getting it as an add- on cover because the latter would not has as many benefits or renewal options as a standalone cover, which has lifelong renewability.

These insurance covers are pocket friendly and those who drive or travel by public transport on a daily basis must opt for this cover. Claims are also easier and one does not have to go through any separate tests to make the claim. Informing the insurance agency on time and providing the doctor’s assessment, along with the location of the accident and a copy of the FIR, if any has to be provided for the money to be disbursed.

Additional Read: Personal Accident Insurance; Why Do You Need It?

Comments

Quick Guide For Zero Depreciation In Car Insurance

Some parts of your car face wear-and-tear faster than the others and these parts are often referred to as depreciated parts. Once you file for an insurance claim, the insurance company deducts a value equal to the depreciated value of all such parts and does not settle your claim in full. The parts that are made up of rubber, plastic, fiber, etc. fall in this category. If you want to avoid this deduction from the final claim amount, you can avail of a zero depreciation car insurance cover. It is also known as nil depreciation cover as it nullifies the deduction from the claim amount due to the deprecated components of your vehicle. The benefits of a zero depreciation car insurance policy are stated below: Comes at a reasonable price If you have already purchased a comprehensive car insurance policy, you can avail of a zero depreciation car insurance cover at a nominal price. It is because it is an add-on insurance policy that only enhances your claim amount to reduce the part of ...

Necessary Information On Hospital Cash Insurance Plan

Medical treatments these days are a matter of the huge amount of money. And if you need quality treatment facility from the super-specialty hospitals and clinics you need a medical insurance plan for you and your family. If you are planning for the medical insurance plan with hospital cash cover , then be sure to consult with the best insurance plan provider. Let us discuss in details. Financial companies such as reputed NBFC Bajaj Finserv and other insurance companies have their own health insurance policies that range from smaller amounts of bigger amounts. All these medical policies fall under the pocket insurance policy scheme. It gives clients the facility to get benefits with minimum investments. The procedure is quick and does not require lengthy documentation. You can get a higher amount of money with such hospital cash insurance to continue medical treatments even for critical patients. Just make sure you read the policy details clearly before yo...

Stay Protected on the Road- Understanding the Importance of acko car insurance

Having a car insurance policy is essential for every car owner. It not only provides financial protection in case of any damage or loss but also ensures a safer driving experience. Acko is one of the leading car insurance providers in India, offering a wide range of insurance plans to suit the needs of all car owners. In this article, we will be discussing the importance of Acko car insurance in India and how it helps to stay protected on the road. We will also look at the various benefits and features of Acko car insurance policies that make them an ideal choice for car owners. Understanding the Importance of Acko new car insurance in India As the number of vehicles on Indian roads increases, so does the number of accidents and other related incidents. Traffic jams, road rage, and bad driving habits are some of the major causes of accidents. It is important for drivers to stay safe on the road, and to do so, they must have a car insurance policy. Acko new car insurance is one...

All Insurance News and Plans

Search This Blog