Reasons to buy Personal Accident Insurance

Reasons to buy Personal Accident Insurance

Personal accident insurance plays a vital role with health insurance. Life is so uncertain that accidents can happen at any point of time. So just imagine, you are returning from office and going back to your home and suddenly your car gets crashed to other. Isn’t it scary? The more scary thing is watching your family struggling for any of these. In this case, what you can really do? Here’s why personal accident insurance is so important.

Benefits of personal accident insurance

• Family security : If any mishaps occurs, and if suddenly your income stops what will your family do? So, for that family security is most important.

• Permanent total Disability benefit: Total permanent disability means if a person is unable to work in their own or any occupation for which they are suited by training, education or experience.

• Permanent partial disability benefit: Permanent partial disability means if a person is having an injury that resulted in loss of speech, eyesight, feet or hands.

• No medical test and documentation required : A person need not have to undergo through any medical test neither any documentation is required for purchasing the policy.

• Accident death : If you met with an accidental death, the nominee is entitled to get 100% sum insured as per cover of the policy.

Conclusion

It is advisable to buy this plan as soon as you start earning. It is more important for those who have taken loans because this would offer protection towards repayment of the outstanding balance in the event of any mishap. The personal accident insurance plans help the families and dependent members of the insured cope better with the emotional loss by providing them much financial support in times of need.