Insurance Medical Temporary

Overview of Accident Insurance in India An accident can place anybody’s life in jeopardy. As accidents takes place all of a sudden, we need to protect ourselves against it financially as well as physically. Insurance companies pays sum assured if the policyholder dies, permanent disability and injuries suffered due to accidents before the policy gets end. Accident Benefits: Accidental death. Permanent Impairment. Temporary Impairment. Educational benefit to children. Transportation expenses of dead body. Cumulative Bonus of 5% accumulates to the Insured Person for every claim free year. Extra Benefits: You can extend the policy to cover Medical Expenses by paying some extra Premium Risk Features: People who are interested in accident cover are divided into three risk groups. Group A–Persons involved fundamentally in administrative functions. Group B–Persons involved in general work other than what is specifically provided for under Group C. Group C–Persons functioning .. Read More

Personal accident insurance or accidental insurance is also known as PA in short, this type of protection is important to us when we are injured, because we can’t work when we are injured, but there are many people purchased life insurance without personal accident insurance. When we injured in an accident, the period we rest at home has no income, and the medical expenses could be expensive. If someone who is the bread-winner of the family, this protection is necessary, because if he is injured, the family will run into financial crisis. What coverage will the policy provide? This policy covers death or injury due to accident, unlike life insurance, it only provides death benefit. So if the insured hurts in an accident but survives, he receives no compensation from the insurance company if he owns a life insurance. But if he bought a personal accident policy, he can make a claim if he injured accidentally. In the event of death the beneficiary will receive the full amount of s .. Read More

Car accident is one of the leading causes of personal injury. A few suffer minor injury but almost half of that involved severe injuries, permanent disability and death. A recent study shows that car accident results thousands of deaths each year. In fact, it is the leading cause of death of people between the age of 6 and 27. Having been involved in a car accident is a traumatic experience. Aside from the physical pain and suffering, there is emotional distress, loss of income and property damage. All of these constitute financial compensation, which one can recover from the party at fault or from his insurer. How to determine damages after a car accident After a car accident, the next thing to do is to ask for compensation for the injury and other damages suffered. With this, the help of a capable car accident insurance lawyer is certainly needed. The following are the steps to consider in filling your claim. • Secure a copy of the police report. • Know what protectio .. Read More

Your insurance company will charge a higher insurance premium if you have been involved in an accident. Whether you are responsible for the accident or not, an insurance company will have to bear the expenses. Post accident will cover you for any personal injury, medical coverage and collision. In case you are found at fault you will still be covered for a compensation to repair your vehicle or any injury to yourself or another driver. This will soon increase your insurance quote in the coming months. You will end up paying more than your earlier insurance payments. Here is a catch on how insurance companies recover the compensation amount that they offer you. They will not be ready to bear your expenses with out knowing how to recover at least a portion of the claimed amount. Soon after an accident, your insurer will look at you as a high risk driver. The percentage of increase in quote would be between 20-40% for about 3 to seven years. In case of multi-car policies, the surcha .. Read More