Are you looking for a personal accident insurance policy? Having a personal accident insurance is good thing. You know why? Mostly, people die due to an accident rather than with natural causes. So, it is better to have a policy as an investment you can say.
Best Personal Accident Insurance Policies in India – With Benefits
It will be helpful to you if you ever met with an accident and get hospitalized. Do you know which the best personal accident policies in India are? Here, we have listed all of them in detail.Do you know that accident cover is available in several forms? They are available as an optional rider with a life insurance policy, as an add-on policy for your motor insurance or house insurance, as a standalone plan, and as a group insurance cover from your company.
First of all, before we talk about the best personal accident insurance policies in India, let’s have a look at what is personal accident insurance policy and how it works.
A personal insurance policy is a plan that offers financial reimbursement in case of bodily injuries or disability or death caused only by accident, violent, visible and external events. The personal accident insurance policy helps the policyholder next to death or disability due to an accident. Moreover, the policyholder can claim the insurance if he/she is disabled after an accident. Sadly, if death happens due to an accident then the nominee can claim the sum assured. Here, we have listed here that a typical personal accident insurance plan provides,
These are the benefits provided by the personal accident insurance plan. Let’s have a look what exactly are the benefits.
Accidental Death Benefit: In case if the death occurs due to accident, the Personal Accident policy would pay 100% sum assured to the nominee or beneficiary.
Total Permanent Disability Benefit: If the total permanent disability happens, the whole sum assured is normally paid by the policy holder. Moreover, some companies pay more than the sum assured. (For example – in case of loss of limbs or eyesight)
Permanent Partial Disability Benefit: The percentage of sum assured is paid for the precised period of time or as a onetime payment. (For example – loss of an eye or one limb, or loss of one finger)
Temporary Partial Disability Benefit: In this case, the person is not able to work for some weeks or months due total disability. In such cases, the policy holder will be given a percentage of sum assured like 20% of sum assured or a fixed periodic payment for few weeks.
Here are the best personal accident insurance policies in India.
The policies listed above are the best personal accident insurance policies in India for which you should go. What are you waiting for? Choose the best and most convenient policy for you and get benefits from the company. In the above table, you can get all the necessary information about the best personal accident insurance policies in India.
if you are looking for cheap accident insurance policy than you can buy PM Jeevan Suraksha Bima Yojana which gives up to 2lac cover for just Rs.312/year premium.
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