Why Personal Accident Insurance?
Imagine a healthy family of 4 people. The bread winner Ramesh, has life insurance
and family floater policy. Suddenly on their way back home, there is an accident
and Ramesh has a permanent disability in his legs. Will the life insurance and family
floater help? Health insurance is for hospitalization and life insurance compensates death.
But, what if there is disability due to accident?
Accident Insurance takes care of these expenses should there be
death or permanent disability due to accident.
Let's look at some Accident fats in India
We do not like to hear about all this but
do you know, Indian roads were at their deadliest in 2014 claiming more
than 16 lives every hour on average. and these incidents terribly affect finances.