Personal Accident Insurance Plan
There is no doubt that life is a roller coaster drive. A person may be enjoying a healthy life today, but may not be tomorrow. There are such mishaps that badly affect the life in numerous ways. These mishaps in the form of sickness or accident can bring the avalanche of troubles for the family in fractions of second. When a person meets an incident, like an accident, the family of the victim has to go through lots of problems. Besides physical injuries, there are financial hardships, caused due to hefty medical bills. In some cases, an accident may result in death or disablement, bringing more troubles in life. The situation may become worrisome, if an earning member meets an accident. Thus, it is advised that a person should have accident insurance to offer the needed protection to family members in times of need.
With the aim to offer coverage to medical needs of people after an accident, Apollo Munich, a standalone health insurance provider, has brought in Individual Personal Accident Insurance Plan for the Indian citizens. It is the most popular accident insurance plan in India, as it offers wide coverage to its customers at reasonable rates. The plan is designed, keeping the medical needs of one and all in mind. It caters to the healthcare needs of people of all sections of society.
The plan works on the principle of benefit that pays insured individuals lump sum money, depending upon the extent of injuries incurred and terms and conditions of the plan. Individual Personal Accident Insurance plan, IPA is available in two variants: Standard and Premium, each with different coverage limits. The number of benefits offered by Premium variant is more than those offered by Standard variant.
The ‘Standard’ variant customers can choose the sum insured range from Rs. 1 lac to Rs. 50 lacs while ‘Premium’ variant customers can choose the sum insured amount from Rs 5 lacs to Rs 500 lacs.
The plan offers coverage to beneficiary, if an insured dies in an accident. The nominee gets the sum insured amount, as compensation amount for the loss of income due to an insured. There is no doubt that nothing can compensate for the loss of a loved one, but at the same time, financial assistance is also equally important. The wide coverage can help to support the family financially.
An insured also gets coverage in an event of disablement, whether temporary or permanent. The sum insured amount is offered to an insured in case of permanent disablement while in case of temporary disablement, the coverage offered depends upon the terms and conditions of the plan. The policy wordings of Individual Personal Accident Insurance plan contain detailed information about the coverage offered in different situations.
A person also gets coverage for emergency services like emergency ambulance cover, transportation of mortal remains, etc. The transportation expense of a family member is also covered, if he or she stays far from the hospital, where an insured is hospitalized after an accident. Education fund for kids is also given importance in the coverage limits of the plan.
The Premium variant of IPA includes additional benefits, like broken bones, modification of vehicle or residence, purchase of blood, purchase of oxygen, transportation of imported medicines, if required, etc. One can also seek coverage for inpatient hospitalization expense, up to a certain limit with the Premium variant. Thus, the plan is very well designed to cater to medical needs of people meeting an accident. It offers the needed protection both to insured as well as family members.
With the aim to offer coverage to medical needs of people after an accident, Apollo Munich, a standalone health insurance provider, has brought in Individual Personal Accident Insurance Plan for the Indian citizens. It is the most popular accident insurance plan in India, as it offers wide coverage to its customers at reasonable rates. The plan is designed, keeping the medical needs of one and all in mind. It caters to the healthcare needs of people of all sections of society.
The plan works on the principle of benefit that pays insured individuals lump sum money, depending upon the extent of injuries incurred and terms and conditions of the plan. Individual Personal Accident Insurance plan, IPA is available in two variants: Standard and Premium, each with different coverage limits. The number of benefits offered by Premium variant is more than those offered by Standard variant.
The ‘Standard’ variant customers can choose the sum insured range from Rs. 1 lac to Rs. 50 lacs while ‘Premium’ variant customers can choose the sum insured amount from Rs 5 lacs to Rs 500 lacs.
The plan offers coverage to beneficiary, if an insured dies in an accident. The nominee gets the sum insured amount, as compensation amount for the loss of income due to an insured. There is no doubt that nothing can compensate for the loss of a loved one, but at the same time, financial assistance is also equally important. The wide coverage can help to support the family financially.
An insured also gets coverage in an event of disablement, whether temporary or permanent. The sum insured amount is offered to an insured in case of permanent disablement while in case of temporary disablement, the coverage offered depends upon the terms and conditions of the plan. The policy wordings of Individual Personal Accident Insurance plan contain detailed information about the coverage offered in different situations.
A person also gets coverage for emergency services like emergency ambulance cover, transportation of mortal remains, etc. The transportation expense of a family member is also covered, if he or she stays far from the hospital, where an insured is hospitalized after an accident. Education fund for kids is also given importance in the coverage limits of the plan.
The Premium variant of IPA includes additional benefits, like broken bones, modification of vehicle or residence, purchase of blood, purchase of oxygen, transportation of imported medicines, if required, etc. One can also seek coverage for inpatient hospitalization expense, up to a certain limit with the Premium variant. Thus, the plan is very well designed to cater to medical needs of people meeting an accident. It offers the needed protection both to insured as well as family members.