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Considering the rising number of accidental disabilities, which is always more than the deaths, having Personal accident insurance is very important. You will get coverage for the disability under an accidental insurance policy.

Know more about the personal accident insurance: https://bit.ly/3dANGAu

With road accidents taking death claims to next level, having a personal accident insurance covering accidents is of utmost important. In this video Yashish Dahiya, CEO, policybazaar.com explaining the benefits of personal accident insurance and why does one need the personal accident insurance policy?

When basic health or life insurance policies don’t offer much in terms of disability, personal accident insurance policy is a boon to cover those medical expenses incurred in the treatment in case of a disability. A disability can be of temporary or permanent depending on the nature of injury.

The personal accident insurance plan can be availed either as rider cover or standalone policy. As a rider, Rs.1 to Rs. 3 lakh coverage can be availed under this policy, which is not enough in terms of rising medical cost or rate of inflation. While as a standalone cover, a much higher coverage can be expected up to Rs. 10-15 lakh under a personal accident insurance plan.

Read the benefits & Exclusions of personal accident insurance: https://bit.ly/3bpvVCD

You will get the 6-10 times personal accident cover under the personal accident insurance plan. There is no medical required for personal accident insurance policy. Age does not matter while buying the personal accident insurance policy.

To claim personal accident insurance policy is very straight forward, foremost the claimer has to provide sufficient proof of the disability. Depending on the documents submitted, the claim is settled. As this policy also works as a loss of income policy, an amount ranging from 20,000 to 25,000 is offered monthly for a period of two years, to cover the loss of income.

It is important to check out the terms and condition of the personal accident insurance policy. There are certain conditions, where personal accident insurance cover remains null and void:

* If the cause of accident is consumption of alcohol or other intoxicating substances
* If the policyholder is involved in criminal activity
* Involvement of risky or sports activities leading to injuries

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