Accidents are unanticipated and cause much damage to our lives. Personal accident insurance is of great help to tackle financial crises during the recovery period. It is the best way to ensure ones future and handle any unforeseen difficult situation. With the escalation in medical expenses it has become imperative to invest in some genuine accident Insurance Policy which will provide us maximum health benefits in a flexible manner. Accident Insurance plan is simple and without any hidden charges. Moreover, it involves less paperwork as compared to other insurance policies and the claim process is quite easy. Customers are provided with a free look period of 15 days. They can understand the plan and if not convinced can cancel it by giving the reason for discontinuation.
Insurance companies are offering various effective health policies these days starting from 2 year policy tenure. Personal accident insurance offers worldwide coverage to individuals against accidents. Furthermore, it also provides coverage against medical bills, permanent total disability, accidental death and permanent partial disability. Above all it offers instant coverage minus any premedical test. Accident Insurance Plan also imparts education grant to insured children. This grant is 5 % of the sum assured or Rs. 50000 per child. The policy also provides funeral expense of Rs. 5000 to the family members if the insured person dies in an accident. Thus you get monetary stability during catastrophes by investing in an accident insurance plan.
In case of individual plan the policy provides 100% of the sum assured. If you are taking Family plan than 100 % coverage is provided for self, 50% for spouse or 10lacs* and for children 20% coverage is offered. The insurance policy is applicable for adults falling under the age group of 18years to 65 years. The minimum age for children for personal accident insurance policy is 5 years and maximum is 21 years.
It is better to study the insurance plan in detail before investing in it as accident policies follow exclusion. Conditions that are not specified in the insurance plan are not subject to benefits. These may include suicide attempt, accident caused due to alcohol or drug consumption, post pregnancy results or accidents occurring due to violation of law. So you have to be vigilant while signing any document related to insurance plan. You can surf through various websites available and compare the policies. A thorough research of accident insurance can help you invest smartly for a secured life.
Insurance companies are offering various effective health policies these days starting from 2 year policy tenure. Personal accident insurance offers worldwide coverage to individuals against accidents. Furthermore, it also provides coverage against medical bills, permanent total disability, accidental death and permanent partial disability. Above all it offers instant coverage minus any premedical test. Accident Insurance Plan also imparts education grant to insured children. This grant is 5 % of the sum assured or Rs. 50000 per child. The policy also provides funeral expense of Rs. 5000 to the family members if the insured person dies in an accident. Thus you get monetary stability during catastrophes by investing in an accident insurance plan.
In case of individual plan the policy provides 100% of the sum assured. If you are taking Family plan than 100 % coverage is provided for self, 50% for spouse or 10lacs* and for children 20% coverage is offered. The insurance policy is applicable for adults falling under the age group of 18years to 65 years. The minimum age for children for personal accident insurance policy is 5 years and maximum is 21 years.
It is better to study the insurance plan in detail before investing in it as accident policies follow exclusion. Conditions that are not specified in the insurance plan are not subject to benefits. These may include suicide attempt, accident caused due to alcohol or drug consumption, post pregnancy results or accidents occurring due to violation of law. So you have to be vigilant while signing any document related to insurance plan. You can surf through various websites available and compare the policies. A thorough research of accident insurance can help you invest smartly for a secured life.