What is an individual personal accident policy?
An individual personal accident policy offers you financial protection and provides lump sum compensation in case you suffer from a fatal accident or an accident that leaves you permanently disabled. This compensation acts as a safety net and saves you and your family from a financial crunch as it also covers costs for hospitalization because of an accident.
FAQs
- What is an individual personal accident policy?
- I am a homemaker and I spend a majority of my time at home. Do I also need an individual personal accident policy?
- I have already bought a health and life insurance cover. Why should I also buy an individual personal accident policy?
- Does the policy cover hospitalization expenses incurred after an accident?
- I have a dependent family to support and I am the only bread winner. Does the individual personal accident policy cover death?