Back to Top
  • PROTECTION OF YOUR FAMILY

    Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.

    READ MORE

  • SIMPLE TERMS & HASSLE FREE CLAIMS

    Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s.

    READ MORE

Showing posts with label Health Insurance. Show all posts
Showing posts with label Health Insurance. Show all posts

WHY IS IT IMPORTANT TO HAVE A PERSONAL ACCIDENT INSURANCE?

WHY IS IT IMPORTANT TO HAVE A PERSONAL ACCIDENT INSURANCE?

Most people have a lot of knowledge about General Life Insurance and health insurance plans but their information about personal accident insurance is a bit limited. 
WHY IS IT IMPORTANT TO HAVE A PERSONAL ACCIDENT INSURANCE
WHY IS IT IMPORTANT TO HAVE A PERSONAL ACCIDENT INSURANCE?

In a normal life insurance policy, the loss from death and the health insurance scheme are covered by the burden of expenses incurred on hospitalization. But do you know what the purpose of personal accident insurance is?

Also Read This :- 
Suppose a person is physically handicapped in an accident. In this situation, the benefit of life insurance is given only on the death of the dependent (dependent on the victim) and in the health insurance policy only the cost of hospital expenses is covered. Some life insurance policies also provide personal accident as an additional benefit, but these additional benefits are not comprehensive. 

Apart from this, the effects due to accident, such as death, the effects on income can also be serious which can be effective from a few weeks to a few months or even a few years. In this type of situation, what treatment can be done in a personal accident policy?

In general, a personal accident policy is an insurance plan that covers any physical damage, such as partial or complete disability or mutilation, in the event of any type of accident, and the loss of direct income side effects caused by it. Fulfill This policy also compensates the nominee in the event of death of the insured. 

In addition, it also provides a financial stability to the individual and his family in the event of the insurance holder being temporarily disabled due to an accident and this feature attracts it towards the purpose of any person taking insurance. 

Despite the many similarities, there are considerable differences between personal accident insurance, general life insurance, and health insurance. Like life insurance, the premium for personal accident insurance may vary depending on the business of the insurance holder and not on the basis of his age.

Personal accident insurance is important for every person but it is considered more important for salaried employees living in the city. A salaried employee usually has to move between home and office everyday, for months and years. This type of lifestyle is more likely to result in an accident than to fall ill or die. Despite all kinds of precautions, the accident does happen. 

This may result in partial mutilation or even death. In this situation, an accident insurance policy is considered as important as a normal life insurance and health insurance.

The best side of personal accident insurance is that its cost is affordable for any person, so it can be easily carried by anyone without putting extra weight on the pocket. A premium of about Rs 3,000 per year can be incurred for the cost of a personal accident insurance (HDFC) of Rs 15 lakh. 

Now because the premium for personal accident insurance is not determined according to the income of the person, it will be the same for a 50-year-old person as it may be for a 25-year-old at that time. The premium for personal accident insurance depends on the occupation and nature of the person. In addition, personal accident insurance can also be broadly taken as a policy for the whole family.

It is true that personal accident insurance has a very low premium rate, but despite this, people in India still take this insurance plan less. In fact, the features of personal accident insurance have been integrated within life insurance and health insurance. Now because most people have one or both of these policies, they try to avoid it by considering it as an option for personal accident insurance and considering this insurance as an additional expense. 

The reason for people taking less of this insurance plan is also that there is still very little awareness about this insurance scheme in India. Most people identify non-life insurance as health insurance or motor insurance only. Many people need this type of insurance, but they are probably not even aware of this type of insurance plan. People who are aware of this insurance scheme think that they do not need it. Actually, people are very confident about themselves who believe that no accident can ever happen to them. 

Whereas the truth is that the accident can happen to anyone and anywhere, even if it does not happen to everyone. Therefore, it is necessary to have a suitable personal accident insurance to protect yourself and your family from the consequences of the accident.

People are taking Corona Kavach insurance policy in hand, know what is the reason

People are taking Corona Kavach insurance policy in hand, know what is the reason

People are taking Corona Kavach insurance policy in hand, know what is the reason
People are taking Corona Kavach insurance policy in hand, know what is the reason

Corona Kavach Health Insurance Policy has become extremely popular with the arrival in the market. In view of the spread of Covid-19 epidemic, almost all general and health insurance companies have started offering this product for treatment of Corona virus infection from July 10. The aim is that people can get a health insurance cover at a reasonable rate to treat this epidemic.

What are the features?

In this, the policy is being sold for three and a half months to nine and a half months. In this, the maximum amount of medical expenses of the insured person has been kept at five lakh rupees. Insurance regulator IRDA has approved companies for this.

What are the experts saying?

Amut Chhabra, head of the health insurance business of the policy market, said, "There has been a very good response to this as people are willing to buy this plan." The policy is selling. Most of the young people are taking this policy.


What is the reason of interest?

He said that this policy is at a very reasonable rate. It can be taken at a minimum premium of up to Rs 208 monthly, which is very cheap. People from Maharashtra, Tamil Nadu, Karnataka and Delhi NCR have shown more interest in it.


Subramaniam Brahmajosiyula, head of SBI General Insurance Company's underwriting and reinsurance business, said it also offers options like family floater and hospital daily cash of Rs 2500 per day on insurance of Rs 5 lakh, making it more attractive.


IFFCO Tokyo General Insurance Executive Vice President (Underwriting) Subrata Mandal also said that the product released on Covid-19 has been released only a week and people have been attracted. The person can buy the corona armor for themselves and their spouse, parents, in-laws and dependent children under 25 years of age.


Like our Facebook page for regular updates on personal finance and stock market in Hindi. Click here to like this page.


Friends, I tried to tell you in full detail about People are taking Corona Kavach insurance policy in hand, know what is the reason, if you liked it, you can also share it with your friends, and if you have any questions, you can ask in the comment is.