Amongst all your must have insurance policies, personal accident insurance cover or personal accident insurance policy stands out as important as the others, namely term insurance and medical insurance.

If you don’t have one, your financial planning could go haywire. Imagine you commute to work in a two wheeler and are knocked down by a speeding vehicle that results in your hospitalization for 6 months or god forbid, some form of disability.

For no fault of yours, you would have to not only spent a great deal on medical expenses in the hospital, you would have also lost your income in the process as you can no longer attend work.

Thankfully, there is a insurance policy for your rescue

Personal accident insurance or cover provides compensation, in the form of a fixed sum of money, to you or your family members if you sustain injuries caused by an accident that results in death, permanent total disablement, permanent partial disablement or temporary total disablement.