Factors to be considered while buying personal accident insurance in India

Health insurance has become a vital aspect of our lives because a medical emergency might occur at any time. One such emergency that can occur without prior notice is an accident. Sadly, if the incidence is severe, the cost of therapy may be expensive. Furthermore, if a person sustains an injury that could leave them incapacitated, it may have an impact on their ability to work and the welfare of their family. Therefore, you can purchase a Personal Accident Insurance Policy to safeguard you and your family from such a circumstance.

In the event of an accident that results in death, physical harm, temporary total disability, permanent total disability or permanent partial disability, personal accident insurance provides financial assistance to you and your family. The health insurance provider will provide the designated nominee with 100% of the sum assured in the case of death. Additionally, insurance providers offer benefits for disabilities resulting from accidents, such as loss of eyesight, speech, or limbs.