Accident Insurance - everybody should buy

Accident insurance policy is one of the products that everybody should buy in his/her life. These insurance products offer compensation amount, when an insured meets an accident. A person should not forget that an accident can change lifestyle to a great extent. It does not only affect the earning capability of a person, but also may also become a cause of financial stress, under which all family members suffer.

It is, therefore, advisable to buy accident insurance so that family members can stay away from financial issues that arise due to expensive medical treatment. These plans work on the principle of benefit. An insured gets lumpsum amount, which depends upon the extent of bodily injuries and the terms and conditions of the plan, for the injuries incurred due to accident.

Apollo Munich’s individual Personal Accident Insurance plan is the best-in-class product that is designed, keeping healthcare needs of people in mind. It offers wide coverage at reasonable rates. It pays for compensation amount in case of death and disablement of an insured, besides offering coverage to bodily injuries, as per the plan’s terms and conditions.

This plan is available in two variants—Standard and Premium. Premium variant offers wider cover as compared to standard variant.