Where to Buy a Personal Accident Insurance Policy
Personal accident insurance policy is a low-premium insurance policy. Therefore it is a tedious job to find a vendor for this policy. But certain vendors offer it if you buy it aligned with some other item, e.g. if dealing with a bank, open a new account or go in for a credit card. Another option is to buy it from a PSU insurance company, which gives you the best return. Amazingly while for a Rs.5 lakh death and disability insurance you have to shell out only Rs.985 in a PSU, in any private insurance you will have to shell out as high as Rs.1,500. PSU insurer has good provisions for customization, facilitating retention or doing away with certain advantages. Apparently, private vendors are comparatively tough to handle.
Importance to buy Personal Accident Insurance Plan
Simply because the agents don't try to promote personal accident insurance plan should not imply that the plan is not good. It has many good features as follows:
To submit claim, the accident should not necessarily be a major one. You can file claim even for injuries sustained in a play ground. Even something as minor as falling from a bicycle and fracturing an arm or a leg can qualify for a claim. One can even seek claims for mishaps encountered during football matches and the likes. In a nutshell, for youngsters, the personal accident insurance plan is a boon, because very often than not they are involved in this or that type of accident by way of road-rage, stunts, bike accidents, fights on trivial issues etc. etc.
Key Idea to Buy a Personal Accident and Disability Cover
It is always advisable that instead of buying Personal Accident Insurance Plan, one should rather opt for €Personal Accident and Disability Cover' by spending a bit more on premium. In an eventuality of the accident if you suffer from disability which adversely affects your income, this policy compensates you irrespective of the fact that the disability be total or partial, of a permanent or temporary nature (3-4 months). This cover will also foot the bill on medical expenditure defrayed because of the accident in case option has been exercised. Above all, its premium is surprisingly very low. You have to pay only Rs.500 per year for insurance cover of Rs.10 lakhs. Cover is for any accident - falling on the stairs, fracture in the playground, falling from a height, receiving burns, or being electrocuted.
Personal Accident Insurance Claim
Uninsured losses
If the other driver was at fault, you can make him to pay for your losses.
Those can comprise:
€ the expenditure on alternative transport in the absence of your vehicle not being in order to drive
€ the excess amount you will have to incur for repair of your vehicle;
€ compensation for personal injuries
€ loss in income
€ loss in your vehicle's value
Go immediately in touch with the other driver posting him with full data of your uninsured losses, asking him to forward your claim to their insurance agents.
If the driver does not co-operate, you'll have to take relief from the court.
Personal injury claims
It is strictly advisable to depute a solicitor in case of personal injury case to be submitted, whose expertise and experience will successfully help you to fetch you good compensation.
Importance to buy Personal Accident Insurance Plan
Simply because the agents don't try to promote personal accident insurance plan should not imply that the plan is not good. It has many good features as follows:
To submit claim, the accident should not necessarily be a major one. You can file claim even for injuries sustained in a play ground. Even something as minor as falling from a bicycle and fracturing an arm or a leg can qualify for a claim. One can even seek claims for mishaps encountered during football matches and the likes. In a nutshell, for youngsters, the personal accident insurance plan is a boon, because very often than not they are involved in this or that type of accident by way of road-rage, stunts, bike accidents, fights on trivial issues etc. etc.
Key Idea to Buy a Personal Accident and Disability Cover
It is always advisable that instead of buying Personal Accident Insurance Plan, one should rather opt for €Personal Accident and Disability Cover' by spending a bit more on premium. In an eventuality of the accident if you suffer from disability which adversely affects your income, this policy compensates you irrespective of the fact that the disability be total or partial, of a permanent or temporary nature (3-4 months). This cover will also foot the bill on medical expenditure defrayed because of the accident in case option has been exercised. Above all, its premium is surprisingly very low. You have to pay only Rs.500 per year for insurance cover of Rs.10 lakhs. Cover is for any accident - falling on the stairs, fracture in the playground, falling from a height, receiving burns, or being electrocuted.
Personal Accident Insurance Claim
Uninsured losses
If the other driver was at fault, you can make him to pay for your losses.
Those can comprise:
€ the expenditure on alternative transport in the absence of your vehicle not being in order to drive
€ the excess amount you will have to incur for repair of your vehicle;
€ compensation for personal injuries
€ loss in income
€ loss in your vehicle's value
Go immediately in touch with the other driver posting him with full data of your uninsured losses, asking him to forward your claim to their insurance agents.
If the driver does not co-operate, you'll have to take relief from the court.
Personal injury claims
It is strictly advisable to depute a solicitor in case of personal injury case to be submitted, whose expertise and experience will successfully help you to fetch you good compensation.
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