Does Health Insurance Covers Accidental Injuries?

Third-party insurance is legally mandatory for every vehicle owner. However, experts often suggest that you should go for a comprehensive plan so that the damages done to your own vehicle are also covered. Now, as a vehicle owner,you are promised that the damages caused by humans (theft, vandalism, riots, accidents) and natural disasters (flood, earthquake) are covered.But what about your medical cover in case of accidental injuries? The injuries sustained during an accident can require an extended period of treatment and can add to your financial burden due to rising medical bills. Which is why, you should buy a personal accident cover with your medical insurance policy.

Does Health Insurance Cover Accidental Injuries in India?

While purchasing medical insurance, you surely consider factors such as the sum insured, benefits, inclusions and exclusions. But what you probably don’t notice is whether accidental injuries are covered or not. Well, most health insurance policies do not cover accidental injuries. While there are some insurance companies who provide accident coverage as part of their base plan,it comes with certain limitations.If you want comprehensive coverage, you need to purchase personal accident cover either as an add-on to your health insurance plan or as a separate policy.

Personal Accident Insurance

Personalaccident insurance is a type of insurance which covers medical expenses incurred due to an accident. This insurance provides compensation if you, the insured, suffer from any partial or permanent disability or pass away due to an accident.

Why Should You Buy a Personal Accident Insurance Policy?

1. Accidental Death & Disability Coverage:

If you are the sole breadwinner of the family and meet with an accident which leads to your death or disability, it can cause not only emotional but also financial stress to your family. In such situations, the insurer will provide a lump sum amount as compensation to your family to help them with day-to-day expenses, children’s education, etc.

2. Financial Security of the Family:

Personal accident cover offers financial security to your family in case of death or disability so that your hard-earned money is kept intact.

3. Hospitalisation Expenses Cover:

Some insurance providers offer hospitalisation expenses as an add-on cover with personal accident insurance. If you need to be hospitalised due to an accident,insurance will pay for the expenses. However, you need to pay additional premium for this.

4. Worldwide Coverage:

Unlike a standard medical insurance policy, the benefits of personal accident cover are not limited to India. If the accident happens in some other country leading to death or disability, the insurer will still provide coverage.

5. Terrorism Cover:

If you are a victim of an act of terrorism, the personal accident cover will take care of the hospital expenses. The standard health insurance policies do not cover terrorism.

Conclusion

Sure, medical insurance provides financial protection in case of an emergency.But what if an accident leaves you disabled? Or even worse, you pass away in the accident? Will your family be able to take the financial pressure? That’s when the personal accident cover will offer relief by providing compensation to your family.

Disclaimer: The above information is for illustrative purpose only. For more details, please refer to policy wordings and prospectus before concluding the sales.