Insurance Claims

Accidents are totally unpredictable, thus the policyholder needs to have the resources to handle them. And the Personal Accident Insurance Policy can be useful in this situation.

A personal accident insurance policy provides compensation to the policyholder in the event of accidental death, disability, or injury. Similar to a standard health insurance plan, the primary goal of this policy is to pay for unexpected, unforeseen injury or death to the insured.

Every insurance plan comes with financial advantages. Similar to health insurance, personal accident insurance provides financial support in the event that the policyholder or an insured person has an accident-related injury.

Why Personal Accident Health insurance plan:

1. Accidental injuries may necessitate immediate medical attention. A personal accident coverage will pay for any required medical treatment.

2. If the policyholder passes away, a predetermined sum of money will be given to their heirs. Normally, this figure is the same as the sum insured under the health insurance policy.

3. A personal accident insurance policy can cover the costs associated with a disability, such as the price of purchasing artificial body parts or accessories that help with walking or moving around, etc.

4. The policyholder will get a lump sum payment in the event of permanent disability, which can replace lost income. Some insurance companies’ Personal Accident Insurance Plans come with this feature.