Are Accidental Injuries Covered by Health Insurance?

Every car owner is required by law to have third-party insurance. However, experts frequently advise that you purchase a complete plan so that any damage to your own vehicle is also covered. As a car owner, you are now guaranteed that human-caused (theft, vandalism, riots, accidents) and natural-caused (flood, earthquake) damages are covered.

But what about your medical coverage in the event of an accident? Injuries sustained in an accident may necessitate lengthy care, increasing your financial burden owing to mounting medical expenditures. As a result, you should purchase personal accident insurance, if you do not have any group personal accident insurance policy already, in addition to your medical insurance coverage.

In India, does health insurance cover accidental injuries?

You undoubtedly evaluate issues such as the sum covered, advantages, inclusions, and exclusions when acquiring medical insurance. What you usually don't realize is whether or not accidental injuries are covered.

Most health insurance policies, however, do not cover accidental accidents. While some insurance companies include accident coverage as part of their base plan, it has some limitations. Personal accident insurance must be purchased as an add-on to your health insurance plan or as a separate policy if you want full coverage.

Personal Accident Insurance

Personal accident insurance is a type of insurance that pays for medical expenditures incurred as a result of an accident. This insurance pays out if you, the insured, suffer from a temporary or permanent handicap or die as a result of an accident.

Why Should You Purchase Personal Accident Insurance?

1. Accidental Death and Disablement Insurance:

If you are the family's lone breadwinner and are involved in an accident that results in your death or incapacity, it can cause not just emotional but also financial stress for your family. In such cases, the insurer will pay your family a lump payment as compensation to assist with day-to-day expenses, children's schooling, and so on.

2. Family's Financial Security:

Personal accident insurance provides financial protection to your family in the event of death or incapacity, ensuring that your hard-earned money is not lost.

3. Hospitalization Expenses Insurance:

Some insurance companies offer hospitalization fees as a supplement to personal accident insurance. If you need to be hospitalized as a result of an accident, your insurance will cover the costs. You must, however, pay an additional charge for this.

4. Global Coverage:

Unlike regular medical insurance policies, the benefits of personal accident insurance are not confined to India. If the event occurs in a different nation and results in death or disability, the insurer will still give coverage.

5. Terrorism Coverage:

If you are the victim of a terrorist incident, your personal accident insurance will cover your hospital expenditures. Terrorism is not covered by normal health insurance policies.

Conclusion

Yes, MEDICAL INSURANCE provides financial security in the event of an emergency.

But what if you are injured in an accident? Worse, what if you die in an accident? Will your family be able to withstand the financial strain? That's where personal accident insurance comes in handy by compensating your family.