Personal Accident Insurance: Expectations Vs Reality


Personal Accident Insurance: Expectations Vs Reality

Nobody causes an accident on purpose. It is an unforeseen event that takes place without prior notice, and the effects could go beyond regular medical care. They could result in mortality, physical or mental impairment, or even bodily harm. This could impact your family's quality of life.

Because of the frequency of accidents in India, having personal accident insurance is now necessary for everyone. Accidents happen without warning and put the victim in an emergency situation, especially if they result in serious injuries. Additionally, the cost of therapy increases with major injuries. It can leave the person physically disabled and have an effect on his or her earnings. Therefore, it is important that you purchase personal accident coverage to safeguard your family members from such occurrences.

What to Expect From a Personal Accident Cover?

When you are injured, you frequently have a number of responsibilities and considerations to manage. Many people overlook the possibility that you may be able to receive compensation if the injury was caused by the conduct or negligence of another party.

Those who think about seeking personal injury compensation could be puzzled by the myths and realities pertaining to the case. Continue reading as we debunk some misconceptions and provide the information you need to make the right choice.

Emphasising the Need for Personal Accident Insurance

The purpose of personal accident insurance is to cover damages brought on by accidents. Depending on the type of coverage you purchase and the insurer you select, the terms and conditions for recompense may change. Nevertheless, the following are some of the coverage advantages provided by personal insurance plans:

  • Coverage for all medical costs, including ambulance fees, pre- and post-hospitalisation costs, etc.
  • Daily monetary allowance for up to 30 days in the event of an unintentional hospitalisation.
  • Other than the collision's condition, no more tests or paperwork are needed.
  • You will always be financially protected wherever you travel.
  • Online customer help and claim settlement process available 24/7.
  • Benefits of customisation that meet your needs.

What to Consider Before Purchasing Personal Accident Insurance?

Are you planning to purchase personal accident insurance? Here are the top 5 things to consider before choosing one.

1) This policy provides benefits in the event that the insured individual becomes disabled as a consequence of an accident.

2) The protection of temporary or long-term revenue loss due to accidents is the main goal.

3) It includes both transient disabilities like fractures and long-term disabilities like paralysis and limb loss.

4) The cost of the premium is determined by how much coverage is provided and how much risk there is at work. 

5) This insurance does not cover death or damage caused by any illness or condition, even though such a disease may be related to the nature of the job.

Expectation Vs Reality of Personal Accident Cover

A few typical personal accident insurance inclusions and exclusions are listed below:

Expectation Reality
Suicide Hospitalization charges
Natural Death Accidental death of policyholder
Pregnancy Ambulance Charges
AYUSH Treatment Daily Allowances
Self-inflicted Injury Accidental Dismemberment
Injury caused by adventure sports Any partial disability
Phycological disorders or mental illness Any permanent disability
Coverage for people serving in armed forces Burns
People working within underground mines, etc. Broken Bones

>> Also Read 5 types of Health Insurance Plan that you Must Opt Right Now

Personal Accident Insurance Policy: A Must-Have 

Many people choose not to purchase accident insurance, mostly because they are unaware of how important the coverage is. However, you also need to consider how your family will survive financially in the event that something unfortunate happens to you. Your income would be impacted if you were involved in an accident that resulted in death or disability. It would be difficult for the family to cover the costs if you had any debt, such as a mortgage. Additionally, you must consider the cost of medical care. You must make the best accident insurance choices in order to prevent placing your family in such a precarious financial scenario.

The Advantages Of Having Personal Accident Insurance Include

No Medical Checkups Required

This is another important advantage of having accident insurance. You are not required to take any health checkups, unlike with health insurance, when the insurance company does so before providing the policy.

Global Coverage

The majority of insurance policies include geographical restrictions. Thus, they do not provide compensation for any loss that occurs outside of India. There is no such restriction with a personal accident policy, though. No matter where the accident occurs, you may be confident that you will receive the compensation because you have global coverage.

Less Documentation

One of the main factors preventing many people from purchasing insurance is their perception that the procedure is difficult and includes a lot of paperwork. The reality is that you need not worry about the paperwork when you get personal accident insurance coverage. The insurance provider will issue the coverage after receiving your basic information on the application form.

Simple Claim Procedure

An uncomplicated claim process is one of the key factors that the majority of insurance customers consider when purchasing personal accident insurance. No matter what kind of coverage you select, filing a claim is simple. The insurance company must receive an application from you, and once it has verified the claim, the claim amount is paid-out.

Tranquilly and Safety for The Family

Your ability to make money would be significantly impacted if you were in an accident that left you deceased or incapacitated. A policy for accidents will provide your family with financial support and safety in the form of accidental recompense. In the event of death, the insurance companies provide 100% compensation. The money can be used by the family to cover debts and continue living normally. Additionally, it offers you comfort in knowing that even without you, your loved ones will be able to stay afloat.

Ambulance Cost

The majority of insurance providers pay ambulance costs to transport injured people from the scene of the accident to the hospital.


You must consider how they would cope in the event of an accident that can result in incapacity, just as it is crucial to provide your family with financial security in the event of your death. With accident insurance, you need to be ready for such unforeseen circumstances. 

A Personal Accident Insurance Plan by Care Health Insurance is a comprehensive policy that becomes a helping hand in such times. Before you sign the policy, make sure you are aware of its inclusions, exclusions, and other terms and conditions.

>> Read More: why should we buy health insurance

Disclaimer - The above information is for reference purposes only: Policy Assurance and Claims at the underwriter's discretion.

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