Mutual Fund Application Forms Download Any Applications
Invest in Tax Saving Mutual Funds Invest Online
Infrastructure Bond Application Forms Download Applications

Friday, December 14, 2012

Personal Accident Insurance

Invest Mutual Funds Online

Call 0 94 8300 8300 (India)

Personal accident insurance policies can be a good tool to manage the risk associated with accidents. Non-life insurance companies offer these products for both individuals and groups. If you are a person exposed to the risk of an accident, you should ideally buy one. For ex-ample, a cab driver, who spends most of his time driving a cab on the road where most of the accidents take place should have a personal accident cover.


Personal accident insurance policies not only insure an individual in case of a death due to accident, but they also assure monetary payouts in case of disability — both temporary and permanent nature. The buyers should run through the schedule of benefits where the insurer enlists the 'condition insured' and the 'amount payable' before he signs above the dotted line. For example, if an insured individual loses sight in one eye, he is entitled for 50% of the sum assured. The schedule comprises a host of such conditions to the extent of 'loss of toe'.


The policy also pays for medical expenses arising out of accident subject to sub limits. An insured individual is also entitled for hospital confinement allowance if he is hospitalised due to an accident. The insurance companies have also realised the need of 'family assistance'. In case of the unfortunate death of the insured in an accident, the children are also entitled for 'education assistance payouts' if the buyer has bought this optional benefit at the time of purchase of the policy. If you are willing to pay a bit more, the insurers also offer you additional benefits such as 'house modification allowance' and 'loss of employment allowance' for the assured who have met with an accident.


There is no need to go for a medical test to buy personal accident insurance policies and generally the tenure of the policies is one year. Of course, there are options available where one can pay for longer tenures and enjoy a discount on the premium payable. The cover can be extended to your family if you are willing to pay a bit more to include them. The sum assured may vary from 1 lakh to 1 crore. The insurance company offers a no-claim bonus of 5% for each claim-free year.

Happy Investing!!

We can help. Call 0 94 8300 8300 (India)

Leave your comment with mail ID and we will answer them

OR

You can write back to us at PrajnaCapital [at] Gmail [dot] Com

 

---------------------------------------------

Invest Mutual Funds Online

Transact Mutual Fund Online

Download Mutual Fund Application Forms from all AMCs

Download Mutual Fund Application Forms

Best Performing Mutual Funds

    1. Largecap Funds Invest Online
      1. DSP BlackRock Top 100 Fund
      2. ICICI Prudential Focused Blue Chip Fund
      3. Birla Sun Life Front Line Equity Fund
    2. Large and Midcap Funds Invest Online

      1. ICICI Prudential Dynamic Plan
      2. HDFC Top 200 Fund
      3. UTI Dividend Yield Fund
    1. Mid and SmallCap Funds Invest Online

      1. Reliance Equity Opportunities Fund
      2. DSP BlackRock Small & Midcap Fund
      3. Sundaram Select Midcap
      4. IDFC Premier Equity Fund
    1. Small and MicroCap Funds Invest Online

      1. DSP BlackRock MicroCap Fund
    1. Sector Funds Invest Online

      1. Reliance Banking Fund
      2. Reliance Banking Fund
    1. Tax Saver Mutual  Funds  Invest Online
      1. ICICI Prudential Tax Plan
      2. HDFC Taxsaver
      3. DSP BlackRock Tax Saver Fund
      4. Reliance Tax Saver (ELSS) Fund
    2. Gold Mutual Funds Invest Online

      1. Relaince Gold Savings Fund
      2. ICICI Prudential Regular Gold Savings Fund
      3. HDFC Gold Fund

 

 

No comments:

Post a Comment

Mutual Fund Application Forms Download Any Applications
Invest in Tax Saving Mutual Funds Invest Online
Infrastructure Bond Application Forms Download Applications

Popular Posts