The personal accident care plan is one of the important products to be considered in every individual’s life.
As per a recent survey, every minute there is a road accident in India which increases the probability of accidents due to our congested road traffic with narrow lanes.
A personal accident plan acts as a rider to the existing term insurance/health insurance where the protection is robust in case of any unfortunate event due to an accident.
It is a comprehensive plan covering death due to an accident, disability (both total and partial) disability that occurred due to an accident. Kindly note that an accident includes an accidental fall in steps, an accident while driving, as well as any accident that happens due to a sudden, unforeseen (or) involuntary event caused by external means.
Permanent Total Disability (PTD) defines where the insured person suffers an injury and due to such, he is unlikely to engage in any occupation (or) employment (or) business.
Permanent Partial Disability (PPD) is a condition which also affects the policyholder to continue discharging his duties in work life. Example: loss of one hand and one eye, loss of hearing, loss of fingers etc.
Both these need to be certified by the Medical Board constituted by the central/state government.
Apart from paying the benefit of a lump sum to the policyholder on the occurrence of the event, the family is also provided with a benefit by taking of child’s education needs and career support, this plan comes with a loan protector (outstanding loan amount can be repaid to home finance company) in case of death of policyholder along with optional benefits which can be added like ACCIDENTAL HOSPITALIZATION and others.
Ensure that you are protected against any accident at a low cost and have complete peace of mind!! To know more, kindly contact me for a comprehensive protection solution for yourself & family.
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