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​People in India usually have two types of insurance covers: life insurance and health insurance. A life insurance policy covers the risk of death whereas a health insurance policy acts as a financial cushion against hospitalization expenses. However, people generally forget about the third equally beneficial type of insurance which is a personal accident insurance policy. Accidents are unpredictable and can happen to anyone, anywhere, anytime. Yet a personal accident cover can protect you against the financial consequences of an accident.

Life is full of uncertainties, and no one knows how and where an accident may occur causing a bodily injury that may have financial repercussions. The threat of potential accidents has spiked due to the ever-rising number of vehicles plying on the road. Every day, there are reports in the newspapers talking about accidents causing injuries– minor as well as major - or even death to people.

There are physical as well as financial consequences of accidents. While injuries can impair you temporarily or permanently, they can even drain your lifetime savings, leaving your family in a hard situation without supplies or help. Therefore, securing your family's future and enabling their fundamental day-to-day needs in lack of income becomes an utmost priority for you.

While it may not always be possible to turn away from accidents, one can certainly deal with the distress of the financial burden of an accident with the right 'personal accident insurance.' A personal accident insurance policy or PA cover is an insurance plan which provides reimbursement in the event of injuries caused due to accidental circumstances.

While we would never wish you have to take benefit of PA insurance, we strongly recommend you buy a PA cover that protects you and your family from the financial repercussions of accidents.

Buying an insurance policy to cover any accident causing bodily harm is of help in numerous ways. First and foremost, it helps by reimbursing you in the event of an accident that may need hospitalization and long-term treatment. With sky-rocketing hospitalization costs, having a way to pay for such treatment for an accident would definitely be of great help.

While minor accidents can temporarily bring you down, major ones can brutally impact your life and well-being. Therefore, it is essential to have a sound insurance plan that protects you from the economic repercussions of these unfortunate events. The value of human life is beyond measure, but with a view to providing some relief to the injured person or dependent, insurance companies have developed a policy that offers compensation in the event of demise, bodily hurts, impairment or mutilation resulting from an event, such as a violent, hazardous, visible and external means. The types of events that are included in such insurance are rail, road, and air, injury because of collision or fall, burn injury, drowning, etc. The policy guards your dependents (parents or family) against any economic repercussions if the unfortunate comes to pass. A person should purchase a personal accident insurance plan that covers or provides reimbursements for all eventualities from short-term impairment to an untimely demise, and safeguard the family's future.

What does a Personal Accident Insurance cover?

A standard Personal Accident Insurance policy safeguards your family's financial security in the hour of need. Death, permanent total disability, temporary total disability, broken bones, and ambulance costs are covered under the policy. You can also extend a personal accident insurance plan to include your entire family under a single policy. Most PA insurance policies come with no boundary limits. They offer coverage for accidents in India as well as outside of India, which proves to be a great help.