Accidental Insurance
Now you can protect your entire family with Personal Accident Insurance against accidental injuries. The policy provides the benefits to you and your family, for Accidental Death, Permanent Disability, Broken Bones, Burns due to an accident. It also provides benefit of Ambulance cost and hospital cash.
What is Accidental Insurance?
Accidental insurance helps you pay for the medical and out-of-pocket costs that you may incur after an accidental injury. This includes emergency treatment, hospital stays, and medical exams, and other expenses you may face, such as transportation and lodging needs.
Why Do You Need Accident Cover?
Policy Covers From Minor to Major
The policy covers all kinds of accidents, whether major or minor, ranging from mishaps such as falling off a bicycle to getting hit by a car.
Full Disability Cover
It can provide cover against partial, temporary or full disability and even the loss of livelihoo
Premium Rates
The premium rates of a personal accident insurance plan are laughably low -you can get an extremely high coverage by paying a premium in the range of Rs 225 which effectively means that the daily cost of you investing in a personal accident insurance plan is about 60 paise. Typically, a PA will cost 0.1 % of the coverage that you get -so for a cover of INR 10,000 you will have to pay about INR 1000 annually.
Factors Influencing Personal Accident Insurance Premiums:
Demographic Factors
Health insurance policies take factors like income, current state of health, etc. into account to determine the expected frequency of hospitalizations, etc. of the customer.
Income & Current State Of Health
There is no dearth of travel policy in India. There are scores of insurers who are ready to offer you a myriad of plans. The tricky part is finding the best travel policy that looks perfect in all aspects. To locate the best policy you need to understand your needs and budget. The premium rate is one of the most crucial factors and here is a detailed discussion on those aspects that have an effect on premium of travel insurance plans in India.
Exposure To Risk
Personal accident insurance policies take factors into account like exposure to risk, employment category, etc. into account to determine the total risk exposure and likelihood of accidental injury, etc. of the customer.