Over 1200 road accidents occur in India every day. As per the Ministry of Road Transport and Highways, in 2017 the total number of road accidents available were 4.64 lakhs out of which 1.47 lakh people reportedly died. In a subsequent year, there was a rise of 1.68 percent in accidents and the numbers are increasingly rising.
Therefore, it becomes essential for you to have Personal Accident Insurance policy as it provides financial protection to the insured members again accidental body injuries, partial and total disabilities, permanent and temporary diseases and as well as an accidental death. In case of accidental death, the insurer pays 100 percent compensation to the nominee.
There are several other benefits that come along with Personal Accident Insurance such as additional compensations for accidental disability for the loss of eyes, limbs, and speech. Moreover, it also offers accidental hospitalization cover and other related monetary allowances and cover. In short, it provides complete financial support to your family in case of your unfortunate accidents.
Although there are several companies that offer Personal Accident Insurance, it is on you to do research on your part and to choose the best policy for you. It is always advisable to compare the Accidental Insurance Plans from Top Insurers, check put which of them are offering a lower premium on personal accident cover with better benefits.
We have brought some of the popular Personal Accident Insurances by some of the renowned companies in India.
Max Bupa Health Insurance
It offers Personal Accident Insurance policy and it also provides Family floater policy which is designed keeping in mind the nuclear family. Benefits include Hospitalisation coverage without any capping of room rent, coverage of pre and post-hospitalization expenses.
HDFC Ergo General Insurance
One of the premium insurances available in the market, it comes with offers like worldwide coverage, family cover, lifelong renewability, and no medical check-ups.
New India Insurance
One of the leading insurance companies in India, offers complete worldwide protection. It offers several insurance options including to cover death only to a comprehensive plan covering permanent disablements and temporary total disablements and death.
Caring about yourself and your loved ones isn’t all, but taking actions to preserve the best interest is all that is required.