With regard to the personal accident cover, you can either purchase a
separate personal accident policy or choose a health insurance plan which offers personal accident cover as a rider.
In most of the cases, the company offers group
personal accident policy at free of cost, but even if the company is charging a premium; it is nominal.
Hi Shreekanth, I wish to
buy personal accident policy for my staff (since they travel long distance to work on 2 wheeler), How much SA should i go for?
Dear Ravi, If you are planning to buy a stand - alone
personal accident policy with Disability benefit, suggest you go through my article — «Best Presonal Accident Plans: Benefits & Review».
Over and above your employee scheme, to buy a health cover of Rs 5 lakh and critical illness and
personal accident policy of Rs 10 lakh each, a 30 - year - old male will have to spend roughly Rs 9,000 annually.
I also have 5 lk family floater medical insurance by united & also have 10 lk
personal accident policy by united, should I also take rider of personal accident with this term policy or not Kindly suggest in some detail.
Disability: If an employee meets with an accident causing a disability due to which he / she is unable to work, a group
personal accident policy pays a fixed sum to the employee at regular intervals for a certain period.
Please be advised that group
personal accident policies don't cover natural deaths, accidental injuries caused under the influence of alcohol or drugs, child birth, injuries caused due to exposure to radioactivity or nuclear perils.
Dear sir, I am 38 year old I am going to buy Hdfc click to protect with extra life of 75 lac but many expert says that don't take rider with term plan, buy personal accident sperate ly but if i take both term plan of hdfc &
personal accident policy of Bharti Axa or max Bupa.will it better for me suggest me
While many people have taken out life insurance policies, a
standalone personal accident policy is highly recommended as it will cover the insured person at a nominal premium rate, especially when compared to life insurance policy and also provides the advantage of covering minor injuries and the loss of income.
As I said earlier, I have purchased 1) Online term insurance, «HDFC Click2 Protect Plus» for 55 lacs, 2) Stand
alone Personal accident policy for 50 lacs from «Apollo Munich» 3) Super top up mediclaim policy for 10 lacs with 1 lac deductible from «Apollo Munich» beside my company's group medicliam policy for 2 lacs.