How useful is personal accident insurance for you?

Life is so uncertain that you can't predict what it will show in the next second. Therefore, it is necessary to secure your life before it's too late because an accident can occur at any time without any warning. And, it can leave a significant impact on the mind, body and finances. Hence, it is very important to purchase personal accident insurance to protect yourself and your family from such a situation. 

 


How useful it is to buy personal accident insurance -

To get financial assistance for you and your family, personal accident insurance is useful is important for people in the event of an accident that leads to bodily injury, temporary total disability, permanent total disability permanent partial disability and death. Where in case of accidental death and permanent partial disability, the insurance company will pay 100%. And, for other disabilities insurers pay compensation accordingly. 


 


Let's see some of the facts about accidents in India –

More than 1200 accidents occur every day. In 2017 more than 4.64 lakh accidents were reported and nearly 1.47 lakh people died due to road accidents says, Ministry of Road Transport and Highways. And, there was a rise of about 1.68% in the number of accidents reported in 2018. 



 

Personal Accident Insurance types -

There are two types of personal accident insurance and group personal accident insurance. The group PA is there to cover employees for business owners whereas Individual PA is available for individuals to guard against accidental damages. Group PA depends on the size of the company, number of employees and other parameters as per the terms and conditions. Individual PA covers accidental death, permanent and partial disabilities of the insured. 




 

In final words, now you know why it is important to buy personal accident insurance and what the benefit of buying is. However, be careful and understand all terms and conditions before you buy personal accident insurance. 

 

For More information Visit Here:- https://shriraminsurance.tumblr.com/

Comments

Post a Comment

Popular posts from this blog

How Commercial Vehicle Insurance Can Change your Business

Image
The country of India has at its highest peak in the growing sector. It is observing one of the fastest phases ever. The growth of the businesses is one of the main reasons that in encouraging the development of the nation. Businesses are one aspect that has played a critical role in building the potential of India’s economy. Every organization requires a supply chain that completes the cycle of raw materials from the business to the clients. The clients can be other businessmen or normal customers. The supply chain is covered by commercial vehicles, trains, cargo marines, cargo aircraft, etc. Though, the use of commercial vehicles plays a vital role as the backbone of any business. As per the report, there are more than 1 million commercial vehicles on the roads which are serving the companies to serve their client on time and grow more. Now, the point is that why are commercial vehicles insurance important to flourish the business?  Insurance company assures the safety of the ve hi
Read more

Commercial Vehicle Insurance

Image
  Owning a commercial vehicle is considered as an asset. The insurance company ensures that your asset never becomes a liability for you. Commercial Vehicle Insurance  is designed to cover damage and loss caused to or by the vehicle respective to the owner or driver.   Why should you opt a Commercial vehicle Insurance ?   As per the Motor Act 1988, it is mandatory for every vehicle owner to insure their vehicle with third-party insurance.   The insurance company helps to assist you financially and legally at the time of natural and man-made calamities like earth earthquake, flood, typhoon, hurricane, storm, tempest, cyclone, landslide, rockslide, fire, riots, burglary, theft, thunder lightning, accidental, malicious act, terrorist act etc.   The insurance provides you peace of mind and also saves you from financial and legal hassles.   There are two types of vehicle insurance: -   Third-party Insurance-   Third-party Insurance covers the damage caused to the third party by the insured
Read more