Who needs accident insurance?
Accidents can happen anytime and anywhere to anyone.
Accident insurance is often overlooked, which shouldn’t be the case as it provides security for the family when something unfortunate happens.
Better to have accident insurance and not need it than not have any at all at the time of greatest need.
- What is accident insurance?
Accident insurance provides compensation for accidental injury or death.
- Who should avail of accident insurance?
Everyone.
- What is covered by accident insurance?
Accident insurance covers death, dismemberment, disability, loss of sight, loss of income, and medical expenses caused by accidental injury.
- What's the difference between health insurance and accident insurance? Is it advisable to have both?
Having both health insurance and accident insurance is best. Accident insurance covers accident-related claims (i.e. death, disability, dismemberment, etc.) while health insurance covers medical availments which may or may not be accidental in nature.
- How much is accident insurance?
Price depends on the nature of work, the age of the person to be covered, and the amount of coverage.
- What are the requirements needed to claim accident insurance?
Accomplished claim forms provided by insurer, death certificate, birth certificate of beneficiaries, marriage certificate, police report, incident report, copy of valid IDs of the assured and beneficiaries. For accidental medical reimbursement claims, medical certificate, hospital charge slips, official receipts, discharge summary, and all other documents related to the hospital availment of the assured.
- Is there a procedure followed to claim personal accident insurance?
In the event of a claim, the assured should inform the broker there is a claim to be filed right away so the insurer can be alerted.
- How soon after an accident can you post a claim?