In any form of coverage under personal accident, the benefit is important but one should know the difference.
Generally in many riders attached to a life insurance product only accidental death and permanent total disablement is covered i.e. the coverage can be limited.
But the standalone personal accident products offered by the General Insurance and standalone health insurance companies are much comprehensive as compared to traditional PA covers.
Health insurers in our market offer a wide range of benefits for complete protection. In addition to accidental death and permanent total disablement, permanent partial disablement and temporary total disablement is also covered.
Further, transportation cost for carriage of dead body to home including funeral charges, cost of clothing damaged in the accident, ambulance charges, compensation towards education fund for dependent children, benefit for loss of employment as a consequence of permanent total disability are also covered in these standalone products as per terms and conditions of the policy.
Also Read – Why should I buy accidental insurance?
Add-Ons are also available for medical expenses and as hospital confinement allowance as per terms and conditions of the policy.
Recently some insurers have also launched very comprehensive personal accident policies, wherein many allied/relevant covers are provided as optional covers like lifestyle modification cover, convalescence benefit, Rehabilitation cover, Travel Expenses Benefit, Adventurous sports cover etc. to make the policy more attractive and exhaustive.