What are the important features of Personal Accident insurance?
This short video explores the importance of understanding the key features of any Group Personal Accident Insurance policy through a real-life case study. Learn why it’s crucial to carefully evaluate and compare different policies to ensure that you choose one that meets your specific needs, as well as the needs of your employees. Don’t miss out on this valuable information that can help you make an informed decision about your insurance coverage.
For example, purchasing a comprehensive group personal accident insurance provides broader coverage than a standard plan. Key Features of Accident Policy include accidental death, disability, medical expenses, and more. While a standard plan may cover only accidental death and disability, comprehensive coverage can provide financial protection for a wider range of accidents, including non-fatal injuries. This type of insurance can be especially beneficial for businesses that have employees working in hazardous environments or engaged in high-risk activities. By offering comprehensive coverage, businesses can ensure that their employees are protected in the event of an accident, and avoid potential financial burdens.
Importance of understanding important features of Group Personal Accident Policy?
Aman bought a standard personal accident insurance cover. He met with an accident and fractured a leg. This cost him around Rs. 20,000. His accidental policy did not cover fracture costs. Hence, he had to pay the whole amount. In order to save premium costs, Aman had selected a standard personal accident cover without cover for medical expenses or temporary disabilities. He had to ultimately bear the cost of additional expenses. A comprehensive personal accidental policy would have covered these.
It is important to read coverages, exclusions, add-on covers and term of Group Personal Accident Insurance at the time of policy purchase. While cost is an important consideration while buying an insurance, one need to also seek risk coverage and sub limits associated with the policy.
Important features of Accidental Insurance cover includes:
The policy should provide cover in case of an unfortunate event of death of the insured due to an accident
- Instant policy issuance without any medical test
- Policy cover for 1 year for any mishap
- Coverage is available for the individual
- Accidental hospitalization up to Rs. 100000.
Comprehensive Group Accident Insurance provides broader coverage than a standard plan, including accidental death, disability, medical expenses, and more. While a standard plan may cover only accidental death and disability, comprehensive features of Group Personal Accident Insurance coverage can provide financial protection for a wider range of accidents, including non-fatal injuries. This type of insurance can be especially beneficial for businesses that have employees working in hazardous environments or engaged in high-risk activities. By offering comprehensive coverage, businesses can ensure that their employees are protected in the event of an accident, and avoid potential financial burdens.
If you want to know in details about the accidental insurance policy, please contact us at 96966 83999 or write to us at support@secuenow.in and share your coverage requirements. We would love to help!
