A Personal Accident Policy is a type of additional health insurance that is there to protect you financially in unfortunate situations where you, or even your family members, might face an accident that results in an injury, or in the very worst-case death.
Accidents can occur at any time and turn your life upside down – not only will you be affected physically and of course emotionally, it can also end up being a financial burden. If you have the good fortune to be covered by a regular health insurance policy, it might just cover standard medical expenses like hospitalization charges.
For example, if you fall on the stairs and get a slipped disk or a fracture, you might end up facing a lot of other costs. With a Personal Accident Insurance Cover, you will be able to get a specific lump sum amount to cover any other medical and related expenses, as well as any lost income while you are recovering from this injury so that you can be sure of your financial stability.