Most people get life insurance with instead of applying for a personalized accidental insurance policy. This is a crucial mistake that costs a lot later in case they are not able to continue paying the heavy premium that life insurance demands. The crucial benefits of a Personal Accident Insurance Policy over Life Insurance are as follows:
* It is economical and affordable * It requires no medical test or documentation * You can protect all the members of your family at a very low cost.
People who already have life insurance can also take an Accident Insurance as a supplementary cover in case, they have a very active lifestyle and want additional protection against dismemberment and death. The same holds good for their family members.
This policy is also ideal for people who are not eligible for life insurance cover due to some recent illness, they can still get protection against dismemberment or death due to accidental causes.
The following benefits are w.r.t RoyalSundaram Accident Shield:
* This policy is available for the age band between 5 to 70 years. * No medical examinations or lengthy forms are required to enroll to Accident Shield Online. * You get instant coverage, no waiting time for this one. Your cover starts the moment you pay for this policy. * You get a Worldwide Cover – which means the accident could have happened to you anywhere on earth, and you will still get all the benefits due to you * Permanent Total or partial Disablement Benefit: In the unfortunate event of an accident resulting in Permanent Partial Disablement, the Insured Person will be paid a specified percentage of Sum Insured, according to the disability which has been listed in the policy. * This policy is available for the age band between 5 to 70 years. * No medical examinations or lengthy forms are required to enroll to Accident Shield Online. * You get instant coverage, no waiting time for this one. Your cover starts the moment you pay for this policy. * You get a Worldwide Cover – which means the accident could have happened to you anywhere on earth, and you will still get all the benefits due to you. * Permanent Total or partial Disablement Benefit: In the unfortunate event of an accident resulting in Permanent Partial Disablement, the Insured Person will be paid a specified percentage of Sum Insured, according to the disability which has been listed in the policy. * Education Grant: In the event of death or Permanent Total Disablement (PTD) of any of the Insured Parent due to an accident as defined in the Policy, the Company shall pay educational grant for the dependent Children who are in full term education as under:
- One dependent child: Rs.5000/- per policy
- More than one dependent child: Rs.10000/- per policy
Rs.10000/-towards Transportation expenses of mortal remains in case of accidental death of Insured person.
* Death Benefit: In the unfortunate event of fatal accident, the Sum Insured will be paid to the nominee of the Insured Person.
RoyalSundaram provides very affordable Personal Accident Insurance.
