How Does The Personal Accident Insurance Policy Work?

Hospital cash benefits ensure daily allowances for every day the patient is hospitalized. This allowance is intended to supplement the lack of income during the period of hospitalization and support his/her family financially.

It is an often held misconception that health insurance and personal accident insurance policies are the same thing. Thought there is a significant overlap in coverage, the two policies differ in the following regards:

• Accident Insurance policies will not cover cost incurred due to treatment of health conditions, diseases, critical illnesses and sickness while health insurance policies will provide coverage against these risks.

• The quantum of sum insured offered for accident coverage is typically significantly higher for personal accident insurance as compared to health insurance policies.

• Personal accident insurance coverage also attracts cheaper premium as compared to health insurance policies making it a viable option for those who want to just guard themselves from the risks posed by unexpected accidents.

If you are somebody who is keen on protecting yourself from the ever-looming large risk of accidents and their consequences, personal accident insurance cover is the right fit for you! HDFC ERGO offers a wide range of plans such as self-coverage, self and family coverage and self/family with dependents. The insurance experts at HDFC ERGO have always got you covered!

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

https://www.hdfcergo.com/documents/downloads/prospectus/PA_Prospectus.pdf