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subject: Personal Accident: A Must For Everyone [print this page]


Personal Accident: A Must For Everyone

With life being as unpredictable as it is, the need for a personal accident policy is increasingly felt. People always want to stay safe from problems that arise. There are different kinds of healthcare hassles that are faced after an accident. People therefore feel that a health insurance plan alone would suffice the needs of a person. One should however keep in mind that there is always the chance of facing expenses apart from medical costs. The treat of not being able to get the needed protection from additional payouts is prevalent even if the accident victim suffers from a single broken bone.

A personal accident policy is important to ensure that a person is able to get the needed protection from all kinds of expenses. The accident may arise due to a number of reasons, but the aftermath of most accidents is that people are injured and need treatment. There are also countless times when a person is injured to the extent that he or she is unable to provide for the family. At such times, the insurance policy comes handy.

Most accident insurance plans are designed to give the policy holder security from all expenses that are faced post an unpleasant mishap. The extent of coverage often varies and therefore people should buy the policy that has the most extensive coverage. The cover amount of nearly all personal accident plans is about 10 times the annual income of the primary policy holder or the proposer (as the case may be). The protection provided is therefore a lot compared to the premium paid. But a customer needs to ensure that the policy suits their needs.

Accident insurance plans are not solely designed to give the policy holder assistance in dealing with the costs after an accident, but also to support the family of the accident victim. The family of the victim also receives aid from the benefits of the insurance policy. Therefore in case the accident proves to be fatal, one can always find a benefit in the personal accident policy that would assist the family members cope with the immediate expenses. Apollo Munich offers a personal accident plan that provides policy holders and their beneficiaries with a number of benefits including educational funds for dependent children, transportation coverage for the family to travel to where the victim is, etc. There are many other benefits that are available with the plans.

by: Insurance Aarticles
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