Ac­ci­dent In­sur­ance, Health In­sur­ance and Term-Plan In­sur­ance

Consumer Voice - - Personal-Accident Plans By Standalone Insurers -

Per­sonal-ac­ci­dent in­sur­ance

Sum as­sured is payable against in­juries/dis­abil­i­ties/death/other re­lated ex­penses caused by ac­ci­dent, sub­ject to ex­clu­sions and in­di­vid­ual lim­its. Pre­mium amount is cheaper com­pared to other poli­cies. Pre­mium is fixed on the ba­sis of na­ture of job and/or work pro­file.

Health in­sur­ance

Sum is avail­able for hos­pi­tal­i­sa­tion ex­penses dur­ing the life of the in­sured. Pre­mium is rel­a­tively high. Pre­mium is fixed on the ba­sis of age, health his­tory, life­style, etc.

Term-plan in­sur­ance

Sum as­sured is payable only on death of the in­sured. Sum as­sured is huge and tak­ing this into ac­count, the pre­mium is rea­son­able. Pre­mium is fixed on the ba­sis of age, na­ture of job and/or work­ing con­di­tions, health his­tory, life­style, etc.

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