Have you ever heard of a Personal Accident Insurance? You must be aware of it so that you can make full utilization of its benefits in your life. Personal Accident Insurance is a policy that provides compensation to the insurer in the event of a disability or death arising due to an accident in the normal course of life.
You can meet with an accident at your workplace, home or roads, anywhere anytime. Personal accident policy assures you by giving financial help when it is your fault or someone else fault, when it comes to burns, hospital expenses, medical bills, ambulance cost and all other kinds of related expenses.
You can avail Individual Personal Accident Policy, where it covers only an individual, Family Personal Accident Policy, where it covers all the family members, or Group Personal Accident Policy, where it includes all the workers of an organisation/group.
When you apply for a Personal Accident Policy, you should consider certain factors while selecting the insurance company.
The company will calculate the premium depending on the exposure to risk at workplace, employment group, nature of work, etc.
Also Read to Know More: What Is Personal Accident Insurance?
They will provide benefits to insured person for suffering injury resulting in death or disablement arising from an accident caused by visible and external factors.
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