Accidentally insurance taken or not?
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| Accidentally insurance taken or not? |
Anil bought a new car. Driven for the first time on the highway and unfortunately got into an accident. The car was badly damaged and Anil lost an arm. There was car insurance, so I got the money, but millions of rupees were spent on Anil’s treatment and the work was done differently.
It would have been better if Anil had got himself accident insurance along with car insurance. Often we complete life insurance for income tax purposes or from an investment point of view, but either don’t know or don’t care about getting accident insurance.
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Meaning of accident: -
The sudden event harms the body of the person or endangers life.
What is accident insurance: -
Financial insurance of a person in case of an accident.
Accident insurance that is not covered: -
Mental or emotional problems or illness, frustration, suicide, fight, war, or riot situation.
Who can do it: -
Men and women between the ages of 18 and 65. Many companies include elderly parents and children.
How much can be insured: -
Accidents can be insured from Rs 1 lakh to Rs 15 lakh.
What are the risks covered: -
Accident, burn, fracture, unusual death or lasting incapacity, hospital expenses, and emergency vehicle repayment, etc.
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Features of accident insurance: -
Annual Communication: -
Accident insurance is done annually like other insurances.
Maximum Insurance: -
You can get eight or ten times the amount equal to your salary or earnings.
Unemployed family members: -
They are also insured based on income members but their percentage of insurance is less.
Residents outside India: -
NRIs can also take advantage of this policy. Many organizations also provide benefits to non-residents.
Discounts: -
Many companies have discounts for insuring more members or taking online schemes.
Other benefits: -
After paying an extra premium, companies also pay for ambulance charges, medical expenses, family transport, imported medicines, etc.
Increasing Bonus: -
Each company gives different bonuses if there is no claim. Either the sum insured is increased or a certain amount is refunded.
Companies that provide accident insurance: -
Tata AIG Accident Guard, National Insurance, StarHealth Accident, Future General Accident Protection, Bajajalias, Reliance Accident Policy, Apollo Munich, etc.
What the insurance policy gives you: -
In case of death, the nominee is paid 100%.
Permanent Total Disability: -
In many cases after amputation of hands and feet, visual deficiency or deafness, or quiet, the person is paid 100% (insured). Some companies pay up to 125 percent or 110 percent.
Permanent Partial Disability: -
In case of fracture of a small part of the body of the person like hand or finger, the company returns according to its criteria.
Temporary Total Disability: -
In the event of an accident, if the person is unable to go to work or loses business, a percentage of the sum insured is paid as a benefit of weekly income.
Hospitalization: -
Hospital admission due to an accident is payable but it should be mentioned earlier in the policy.
Education grant: -
In case of death of the sole earner in some accidental accident, up to ten thousand rupees is paid for the dependent children.
Janata Accident Insurance: -
Cheap Accident Insurance. Insurance premium of one lakh rupees for an annual premium
Safety: -
If a person dies in an accident, 100% compensation will be paid. Most are done in teams or organizations.
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What to keep in mind: -
You have to take a policy. When adopting the policy, keep in mind your income, age, and occupation. Complete the policy for unemployed members of the household. Fill in the nominee clearly. Pay the policy premium on time otherwise, it may be delayed and you will be deprived of its benefits.
Accident insurance is an absolute necessity today. According to the growing number of accidents, your future may change if you take out accident insurance with Life Insurance.
