• Importance of Personal Accident Insurance Policy 

    Accidents can happen to anyone. Every day you are exposed to the danger of being hurt. It could be a road accident or improper infrastructure at work. And whenever the accident occurs, it has grave implications. Most of the time, it may be permanent physical and financial damage.

    You need a life insurance policy to cover the risk of death and a health insurance policy as a cushion against hospitalization expenses. While most readers are bound to be familiar with these essential covers, very few would have heard of the personal accident cover.

    Personal accident schemes cover the policyholder against death or disability due to an accident. All general insurance companies offer these policies.

    However, you should buy a personal accident policy because it plugs an important hole in your insurance portfolio. Firstly, it will provide financial support to the policyholder if he is disabled after an accident. Secondly, the magnitude of the mishap doesn’t matter; even minor ones like falling off a bicycle and breaking an arm, or fracturing a leg while playing football are covered by the policy. 

  • Accidental Insurance coverage

    You can avail the following coverage benefits with a personal accident insurance policy –

    1. Accidental Death Cover

    An accident can be both emotionally and financially devastating for the dependent family members. In case of fatal injuries, the entire sum assured is paid to the nominee as mentioned in the policy document.

    2. Permanent/Total Disability Cover

    In case an accident results in permanent disabilities or lifelong total impairment such as loss of both the limbs, then a specified sum insured amount is paid to the policyholder.

    3. Permanent Partial Disability Cover

    If bodily injuries, resulting in permanent partial disabilities, then a certain percentage (up to 100%) of the benefit is paid to the insured.

    4. Temporary Total Disability

    In case the insured meets with temporary total disabilities and is bedridden, then the insurer will provide a weekly allowance to recompense the loss of income. The insured can also utilize this claim amount to pay the EMIs, in case there is a loss of earnings.

Insurance & Investment Consultancy



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Ghanchi Investments

Address 1:  Shop No.16, Sector 1, CBD Belapur, Navi Mumbai.

Address 2:  10th Floor, we work, tower 1, Grand central building, Seawoods, Navi Mumbai.  

Mobile No. 09820926446/07977061717

Email Id: chandrakantlic@gmail.com       Website: www.ghanchiinvest.com

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