Features that make personal accident insurance an important choice


Accidents happen when least expected, and can cause serious consequences such as physical injuries, emotional trauma, and financial burden. That is why having personal accident insurance is important. This article helps you understand the importance of personal accident insurance and why everyone should consider purchasing this insurance. 


Personal Accident Insurance

·         Comprehensive coverage:

 

With 24-hour worldwide coverage, personal accident insurance offers comprehensive coverage against accidental deaths and accidents. It also includes coverage against 21 infectious diseases, such as Hand, Foot, and Mouth Disease and Dengue. You also have access to a 24-hour emergency helpline that can be used from across the world. This ensures that you are secure no matter where you are in the world. Personal accident insurance offers support to help you and your loved ones get through challenging times with confidence and security. 

 

·         Triple payout:

 

In the event of an accidental injury sustained while using public transport, a personal accident insurance policy provides three times the standard payout amount. This triple payout makes sure that you get the financial support to cover medical costs and other related costs that result from the injury. Whether it is a minor mishap or a serious accident, having a triple payout gives peace of mind and reassurance as you go about your daily life.


·         No-claim bonus:


Personal accident insurance offers an attractive feature: the no-claim bonus. Those who do not make any claims during the first five years of their insurance policy can enjoy up to 25% more coverage. This means that if you did not get into an accident and made a claim on your policy, your coverage will increase significantly. This bonus serves as a reward for responsible behaviour and encourages safety. 


·         Free extension coverage:

 

Personal accident insurance coverage extends beyond accidents or accidental injury.  The free extension feature covers incidents such as food poisoning, high-risk activities and animal and insect bites. Whether you are enjoying adventurous activities, travelling to remote locations or simply dining out, this feature makes sure that you are covered against unexpected mishaps. This added layer of security allows you to enjoy life to the fullest without worrying about the potential risks involved. Some personal accident insurance allows add on coverage to cover for medical costs resulting from fractures, burns or broken bones. 



Personal Accident Insurance



·         Recovery aid:

 

Recovery aid is another attractive feature of personal accident insurance. It covers the cost incurred during hospitalization. If you are hospitalized or admitted to the intensive care unit (ICU), you will receive a daily cash payout. The feature also offers reimbursement for transportation and family support funds so that your family can concentrate on your recovery without worrying about the financial ramifications resulting from an accident.

 

Personal accident insurance is an important aspect of insurance. From providing coverage for medical expenses to offering peace of mind with worldwide coverage, the benefits of having personal accident insurance are numerous. With comprehensive coverage options, there is no reason to delay getting insurance protection that safeguards you and your family from unexpected events. 



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