"Accident cover" refers to a type of insurance or protection that provides financial assistance or compensation if you are injured or experience an unexpected event or mishap. It helps cover the costs of medical treatment, hospital stays, and recovery expenses resulting from accidents.
Full definition
Two wheeler insurance provides mandatory personal
accident cover of Rs. 1 lakh to the insurer.
It is advisable to take basic cover via term plan and buy a stand - alone Personal
accident cover with Disability risk cover.
Third party insurance cover is mandatory as per the law but there may be existence of personal
accident cover as it is not compulsory.
The reason being that personal
accident cover provides security against injuries / disabilities caused due to accidents only.
A comprehensive two - wheeler insurance plan is offered by the company, which covers for both third party legal liability and personal
accident cover under the same plan.
Since I do not want my wife to repay if something were to happen to me, will taking a personal
accident cover make sense?
Our group personal
accident covers accidental death, permanent total and partial disability, temporary total disability, medical expenses for accidents and add - ons such as ambulance charges.
Our personal
accident cover gives you cover 24 hours a day, at home, at work or abroad (up to a maximum 180 consecutive days).
These stand - alone
accident covers do not require medical underwriting and come with additional benefits of accident disability.
It will provide coverage to insured against damages to own vehicle damages, third party vehicle damages, third party property damages and personal
accident cover which is an add - on cover.
It is recommended you choose a personal
accident cover along with the term insurance for a comprehensive coverage.
Apart from your age, your profession is an important consideration while determining the personal
accident cover premium.
For example,
road accidents cover a wide variety of situations and vehicles from motorcycle accidents to truck accidents and are very common.
Comprehensive insurance policy: Comprehensive insurance plan will provide coverage for own vehicle damages, third party vehicle and property damages and personal
accident cover due to an accident.
You are advised to go through terms and conditions of the rider (with term insurance) and standalone personal
accident cover before making a choice.
Hence, you are sold a critical illness and a personal
accident cover while you thought you are purchasing a term life insurance plan.
However, if you want to secure your life insurance portfolio and ensure complete protection, then you can buy a personal
accident cover additionally.
Insurance officials said that overall event insurance that includes public liability, terrorism insurance, fire insurance, money insurance and personal
accident cover among others has crossed Rs 500 crore.
On the other hand, a personal
accident cover pays the policy benefits only in case you are involved in an accident.
Includes personal
accident cover for the owner or driver for accident caused involving the insured vehicle.
There are many insurance companies that provide optional personal
accident cover of higher sum insured on paying an additional premium.
Along with third party cover, it is important that you also get a personal
accident cover in your two - wheeler insurance policy.
A comprehensive insurance plan will provide coverage for own vehicle damages, third party vehicle and property damages and one can get personal
accident cover as add on.
But, if you are more focused on increasing your life insurance portfolio as well as complete coverage, then opting for a personal
accident cover separately would be a good decision.
Similarly, if a person has an outdoor job which involves travelling or exposure to dangerous equipment, having a personal
accident cover makes sense.
Getting a personal
accident cover from Future Generali helps you ensure the financial security against perils caused by an accident.
Prime Minister Narendra Modi will launch three social security schemes, including Rs 2 lakh
accident cover at a premium of just Re 1 per month, in Kolkata on May 9.
Auto loan or lease coverage Covers the difference between the unpaid amount on the loan or lease and the actual cash value of the vehicle, if your vehicle is a total loss after an accident
Oriental Insurance offers an array of Personal
accident cover plans to cater the protection needs of various segment of customers.
Phrases with «accident cover»