Accidents are unforeseeable and can occur at any time and in any location. Are you ready for such unexpected events? Do you know if your health insurance policy covers unexpected injuries? Continue reading to find out.
Life is full of surprises. Furthermore, while driving, you cannot forecast any unforeseen occurrence that may occur at any time. Accidents are examples of unforeseen happenings that no one can predict. And when it does, it disrupts your life both physically and financially by putting a large hole in your pocket and finances. As a result, people have begun insuring themselves against unintentional accidents in order to safeguard themselves from the awful crisis situation that may arise at any time in life.
Is accidental injury covered by health insurance? Do you know if you’re covered in case of an accident? Let us discover accident cover in the following blog.
So, do you have health insurance in India for accidental injuries?
Accidental injury coverage is included in all health insurance policies in the country. However, they are not included in standard health insurance plans and must be purchased individually as personal accidental cover. Anyone injured in an accident can seek reimbursement under this accident cover, which includes ambulance fees and in-patient treatment. Some health plans may cover post-hospitalization charges, physiotherapy, daily cash allowances during hospital stays, and other expenses incurred as a result of an accident.
In general, a health insurance policy provides coverage for emergency hospitalization in the event of an accident. You do not need to finish the waiting period in this case, and you can begin receiving coverage on the first day of the policy.
Let us now look at personal accident insurance
What is the definition of Personal Accident Insurance?
When it comes to accidental injury definition, it can be defined as a policy that protects an insured against expenditures resulting from traffic accidents. As a result, as part of your policy, your insurer will reimburse you for expenses incurred in the treatment of injuries sustained in a car accident, which can result in any type of disability or even death of the insured. This is a standalone policy that can also be purchased as an add-on to normal health insurance. However, whether you get the policy as a standalone or as a rider, you must pay a separate premium for the coverage.
5 Reasons to Purchase Personal Accident Insurance in India
Here are a few reasons why you should purchase personal accident insurance:
To obtain coverage for accidental death or disability –
If the insured suffers a disability or dies, having personal accident insurance assists the insured’s family by paying them compensation in the form of a lump sum amount so that they can recover from the insured’s disability or death.
To provide financial security for the family –
The insured can financially protect his or her family with a personal accident insurance plan. Financial assistance can help a family pay off debts, pay for their children’s education, and other vital financial obligations.
To obtain hospitalization coverage –
Though a personal accident insurance policy does not cover hospitalization costs in the event of an accident, the policyholder can purchase this coverage as an add-on. As a result, the insured can pay a higher premium to obtain more coverage for hospitalization compensation.
Global Coverage –
A health insurance policy provides coverage for the treatment of disease within the country at an Indian hospital. However, in the event of a personal accident insurance plan, the insurer compensates for the compensation caused by an injury in an accident, regardless of where the accident occurred. As a result, you obtain worldwide coverage for accidental injuries.
Coverage against terrorism –
Terrorism is not covered by most health insurance policies. Terrorism can, however, be covered by a personal accident insurance policy. Under such coverage, the insured can pay for medical expenses resulting from accidental injuries caused by terrorist vandalism.
To sum up
Life is full of surprises. Furthermore, while driving, you cannot forecast any unforeseen occurrence that may occur at any time. Accidents are examples of unforeseen happenings that no one can predict. And when it does, it disrupts your life both physically and financially by putting a large hole in your pocket and finances. As a result, people have begun insuring themselves against unintentional accidents in order to safeguard themselves from the awful crisis situation that may arise at any time in life
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