A group
personal accidental insurance policy usually does not provide the same benefits as an individual coverage would, so check your terms and conditions and buy the one that provides adequate coverage.
The middle class and the rich can opt
for accidental insurance but for the poor paying the high premium can be impossible.
Most people have some form
of accidental insurance benefits either from their employer or from a credit card company.
Add - on is a feature of adding some additional service
like accidental insurance or health insurance with the life insurance.
This online term plan is a one - of - its - kind product and provides life, health and
accidental insurance along with the benefit of waiver of premium.
Where the rich and middle class can afford to
purchase accidental insurance whereas under privileged class find it difficult to purchase the accidental scheme as the premium payments are too high.
The
personal accidental insurance policy provides complete protection to the insured person against all accidents that may lead to death or bodily injury.
Because as
accidental insurance policy only pays out in certain situations, this type of coverage can be considerably less expensive than regular life insurance policies.
While PMSBY provides life insurance cover of Rs 2 lakh for a premium of Rs 330 per member per annum for anyone in the 18 - 50 years age group, the PMJJBY
provides accidental insurance cover of Rs 2 lakh for death or total disability for a premium iof Rs 12 per member per annum for any one in the 18 - 70 years age group.
It is a scheme that is open - ended and offers long - term capital gains along with
free accidental insurance coverage, tax deduction as per Section 80C of the Income Tax Act, and life cover.
Basically, If you have crossed off PPF limit, all medical components, already have a medical
cum accidental insurance (Term) plan, and below the age of 24, you can then consider buying a Endowment plan just to make a habit of saving up money and considering that in india returns from all other avenues is lower than 7 %.
Can Mahavir also provide his views
on Accidental Insurance, as deciding the best Accidental Policy is getting difficult...
«All Punjab Gramin Bank customers are advised to enroll for Pradhan Mantri Suraksha Bima Yojana and
get accidental insurance of upto Rs 2 Lac only in Rs 12 per year.»
To avail the coverage, a customer has to do a simple recharge of Rs. 107 which will offer a discounted tariff and talk - time benefit along with
free accidental insurance for one year.
Pradhan Mantri Suraksha Bima Yojana is a
group accidental insurance policy providing coverage for accidental death and disability.
There are a few important factors associated with personal accident insurance policy that you must be aware of before you buy one: A personal
accidental insurance policy does not provide you with any tax benefits.