Personal Finance: Personal Accident Cover – At a premium of Rs. 1 per day, you can get a cover of Rs. 15 lakhs

By | November 23, 2020

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Any fatal or serious injury also can have serious economic consequences. So you would like such insurance cover
It’s easy to think that nothing will ever happen to me, but tragedy and injury can happen at any time.It’s easy to think that nothing will ever happen to me, but accidents and injuries can happen at any time. this will have a long-term effect on you. So it’s important to believe what is going to happen to you and your family if you’ve got a significant accident. As such, any fatal or serious injury can cause serious economic consequences. it’s therefore advisable to require out personal accident insurance to avoid any such situation.

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An accident policy protects you

Why this cover is important

Personal accident cover may be a benefit policy that provides you cover against the danger of death or disability thanks to an accident. An accident can cause complete or partial disability. this will cause financial problems for your relations . In such a case life assurance policy doesn’t provide coverage. A insurance policy only covers the value of hospitalization.

A personal accident policy protects you against emergencies. This policy is far cheaper. At a premium of Rs 1 per day, you’ll get a canopy of Rs 15 lakh. it’s available on an annual basis. It doesn’t got to be renewed per annum . additionally , its coverage starts from the primary day with none waiting period.

What this policy actually covers

In the event of a disability or death thanks to an accident, Personal Accident Cover provides financial assistance to you and your relations . No sense in telling you now – i do not wanna ruin the surprise. the value of a minor accident like a road accident or slump a bicycle or a hand fracture or a foot fracture while playing football is roofed during this policy.

Coverage is that the most vital

This coverage is most vital for conditions like accidental death and total disability (in the shape of coma or paralysis). you ought to not ignore the likelihood of a short lived disability, which may rob you of your regular income. Choosing this cover at a coffee price may be a wise financial investment to guard your family from the crises that come later.

The policy comes with worldwide coverage

The Personal Accident Policy comes with worldwide coverage. These include full permanent disability with death, permanent partial disability, Adventure Sports Benefit, Children’s Education Benefit, Fracture Care, EMI Payment, and Loan Protect Cover.

customizable features of the policy

The coverage enshrined during this policy empowers a customer to settle on the coverage they deem most appropriate for themselves. for instance , if you’re a participant during a sport, you’ll cash in of this cover additionally to the insurance base cover. you’ll remove a loan protector extension if you’ve got an EMI to pay, and if you die or become permanently disabled.

Insurance helps the family financially

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