Life insurance is to protect your dependents’ financial life and medical insurance is to protect you against health risks that you are exposed to. But, there could be a situation much worse than death—disability caused by accident. Given the numerous road accidents in India, a personal accident insurance is necessary for everyone. These policies cost less and should be taken for the wide range of cover they offer. The policy insures accidental death and disability. The disability could be either temporary or permanent. In case of temporary disablement say, by a fracture that leaves you immobile, you can also benefit from a weekly compensation, which protects you for loss of pay. You should consider such a policy for your driver and domestic help.
Do I need personal accident cover?
<p>Given the numerous road accidents in India, a personal accident insurance is necessary for everyone</p>
