While taking accident insurance policy, always consider these five points for broad coverage

Accident Insurance Policy: Accident If a major accident happens in your life, it may also result in temporary disability. In such a situation, there is a possibility you will not be able to do your daily work properly at least for some time. There are some cases in which one has to face permanent disability. What will you do if, unfortunately, something like this happens in the future? Your medical expenses will be covered by your health insurance, but what about your daily expenses?

If you employer stops your salary or you lose the job altogether, you may have no money left for daily expenses, monthly EMI, house rent, children's fees, etc.

In such a situation, it is important that you also take an accidental policy.

For this, you can take a rider on either life insurance or health insurance.

In this write-up, we suggest you the five points to consider when purchasing an accident policy.

What if there is permanent disability?

You must have a policy regarding permanent disability.

This is because if permanent disability occurs, then in most cases, you will not be able to earn money for the rest of your life to take care of your family.

Permanent disability is not covered in most health insurance policies.

You can take a permanent disability rider with your life insurance policy.

Under this, in case of permanent disability, you will either get the option of getting a fixed amount every month or you will be given the entire claim amount at once.

Permanent Partial Disability

Under this, people often get some permanent partial disability after a major accident.

In this, people may have any disability in their hands, legs, eyes, ears, etc.

In such a situation, you will not be able to work like before after the accident.

That means you will not be able to earn money like before.

So definitely, include the rider related to this in your policy, so that you do not face any problem.

Temporary Total Disability

Under this, you face complete disability for some time.

For example, if someone meets an accident and is unable to get up from bed for a few months, then it is called temporary total disability.

In such a situation, you will not be able to support your family for a few months.

So to meet your daily needs, definitely take a policy for temporary total disability also.

Daily hospital cash during treatment

You should also include daily hospital expenses incurred during treatment in your health insurance policy.

This also includes transportation, accommodation of family members, and other expenses during treatment.

Under this, some additional expenses can be compensated during the stay in the hospital.

Take loan protection benefit

Most people also have some kind of loan.

Some people have a home loan and some have a car loan or a personal loan.

In such a situation, if you get any kind of disability due to an accident, you become unable to repay your loan.

At the same time, your assets like house and car also become at risk.

In such a situation, it is important that you include a rider feature that provides loan protection in your policy, so that you do not have to face problems.