Accidents might occur to anyone and you can’t stop it from happening. A personal accident insurance policy thus provides a comprehensive coverage for you & your family against accidental mishaps. Is Critical? Following are the aspects which make buying an imperative move is covered by a personal accident: Upsurge in Road Accidents – as number of deaths due to traffic accidents are rising roads account for nearly all fatalities. According to a report in the National Crime Records Bureau, road injuries accounted for 43% of all deaths. There was a rise in road injuries in the year 2015 and the amount of road crashes and fatalities are reported over 5 Lacs.
The year 2016 has witnessed a sharp increase of the number of road accidents. According to latest estimates, on a typical 400 people died per day in street injuries annually and about 77.1% of accidents took place just because of drivers error. Getting coverage became a necessity. Having a personal accident insurance offers reimbursement against sufferings that are unintentional. Accidental Disability – As statistics of road accidents, odds are rising from the accident, per. Accidents are among the causes of disabilities. You become disable up which you lost your capacity and you’re the bread member of the household, it becomes hard for you to handle the expenses that are familys.
Having a personal accident insurance will yield you a helping hand. This policy provides compensation, in case of temporary or permanent partial\/total disability arising from an accident. Loss of Life – You never know the magnitude of severity an accident might bring on you. As per government estimates, over 1.4 Lacs people died because of road accidents in the year 2015. Accidental death makes a negative impact on your family both emotionally and also financially. A personal crash insurance will provide financial help during this difficult period and compensates the family in the case of your accidental death. Hospitalization Expenses – Accidents might lead to severe injuries that require immediate medical care and it’ll put a financial burden directly on your pocket.
A personal crash plan offers cover against expenses incurred on hospitalization because of accidental bodily injuries. Worldwide Coverage – Typically, personal accident insurance plans offer worldwide coverage for the insured person\/s against accidental mishaps. In case you’re Outside India, a personal crash plan will pay for the claims for an unexpected accidental happenings. Under this condition, the insurance company pays the entire sum assured. The majority of the insurers providing coverage, in case the disablement occurs within twelve months from the .