Life is uncertain and you never know when you would be incapacitated due an accident or illness. A fatal accident can lead to disability and hamper your financial stability and impact you emotionally. To protect yourself from such financial repercussions, you need to have a Personal Accident Policy. However, choosing the right plan can be task considering the wide range of options available.
At Get2Loan, we strive to simply the cognitive process of buying insurance and help you to select the policy that best suits your needs.
Your Personal Concierge who will always stay with you throughout your life span.
Our robust analytics, market intelligence & sound judgement helps you to make an informed decision.
Our Guidance & Support right from filling your claims till the claim amount is settled.
A Virtual Insurance Policy Assistance which helps you to manage your own policy.
Here are some time-tested nuggets of wisdom from the desk of our in-house insurance gurus
The difference in premiums between a USD 50,000 and a USD 100,000 plan is minimal (close to INR 200 only). Opt for high-value covers because medical treatment in first-world countries like US, Canada, and Europe are so high that a minor procedure will easily deplete low-value covers.
Doing so will still exempt you from coverage for the PEDs and any complications arising from them; however, if you are found to be hiding medically pertinent facts from the insurer, the investigation will last longer. This could turn into an unpleasant and expensive experience.
We have a tendency to engage in adventurous and risky activities when we go on vacations; for example, scuba diving, bungee jumping, sky diving, and so on. An injury that results from any of these activities is considered “self-inflicted”, and these are not covered in travel insurance plans.
A Personal Accident Policy is designed to provide financial support in the event, the insured meets with a serious accident or Injury. It provides compensation in the form of a fixed lump sum amount in case of an unfortunate event leading to Death, Permanent or total Disability or temporary disablement. This policy is the most unpopular but crucial insurance cover which every Indian should buy. Let us look at some of the alarming facts which will make you realize that buying a Personal Accident Cover is a wise decision:-
In the event of Death of the Insured due to an accident, the entire Sum Insured will be given to the Nominee./p>
In the event of an accident which leads to permanent total disability (Eg. Paralysis) the insured cannot involve in any gainful employment.
Under this plan, the disablement is not total but partial in nature. Even if there is any loss, post recovery the insured can involve in a gainful employment.
Here, the disablement is total but for a temporary period. Here the employee is expected to recover from a disability but cannot work while recovering.