How individual personal accident policy is different from health & life insurance?
Let’s look at the difference among these policies for a better understanding-
Life Insurance: This plan act as a financial safety net to your loved ones in the event of your unfortunate demise.
Health Insurance: This plan offers comprehensive coverage for medical expenses incurred during hospitalization and other healthcare needs.
- Personal Accident Insurance: This policy covers the insured against financial setbacks and compensates the insured in case of accidental death or permanent total disability.
FAQs
- What is an individual personal accident policy?
- Importance of a personal accident policy for homemakers
- I have already bought a health and life insurance cover. Why should I also buy an individual personal accident policy?
- Does the policy cover hospital expenses after an accident?
- Individual personal accident policy for a home maker