Why Should Rohit opt for a Personal Accident Insurance Policy?
After buying term and health insurance policies, Rohit, a 30-year old software engineer, is more than rest assured about the secure future of his family, in case something happens to him. He has a beautiful wife, Riya, a homemaker, and a two-year old daughter Pihu, who he adores. Rohit’s family is complete and happy. They go for regular holidays and life seems like a blissful cruise for them.
But do you think, his family’s future is secure?
- What if, Rohit met with an accident that left him totally or partially disabled?
As he is alive, his term insurance will not pay anything.
- How would he pay medical expenses?
His health insurance policy will not cover the entire medical expenses.
- How would he manage household expenditure?
Disability will result in loss of income.
Personal Accident Insurance is the Only Solution.
Personal accident insurance offers:
- Accidental Death Benefit: It is paid to the nominee if the insured dies in an accident.
- Total Permanent Disability Benefit: The insurer pays 100% sum insured if the policyholder becomes incapacitated and as a result, not able to earn an income for the rest of the life.
- Reimbursement of accident hospitalisation expenses: If a policyholder meets with an accident during the policy tenure that requires hospitalisation, the insurer will reimburse the hospitalisation expenses.
- Accidental hospital daily allowance: Insurers give a per day allowance for each day of hospitalisation to cover expenses like, food, transport, etc.