Life can be unpredictable at times and anything can happen to anyone at any time. While we can’t really predict what the future might hold for us, we can ensure that we have insurance so we are financially protected in the event of some unforeseen circumstances. Accidents happen all the time and since they usually take place suddenly this can be stressful for you financially and emotionally as well. That is where the Personal Accident cover from Chola MS can help you.
What is Personal Accident Insurance?
Accidents can take place any time, and a Personal Accident cover is a good precautionary measure to take. It will ensure that you are taken care of financially if an accident occurs. The Personal Accident policy provides you financial coverage in the event of physical injuries, burns, death, and permanent partial or total disability due to an accident, and this cover can extend to your spouse or children as well. If the accident results in severe injuries and/or permanent disability, this insurance cover would ensure that your family is taken care of, by offering them financial compensation. This policy can also cover loss of income due to the accident, reimbursement of tuition if you’re a student, and even burial or post-cremation costs if the accident turns fatal.
What it covers
The Personal Accident Insurance offers financial compensation for physical injuries, burns, and death that was caused due to an accident. With Chola MS, you can ensure that you and your family are supported in the event of such accidents. Our policy ensures that you are covered in the event of:
? Accidental death
? Permanent total disability
? Permanent partial disability
Why you should take a Personal Accident cover along with your health insurance
Since accidents are by nature unexpected and sudden, taking a personal accident cover is meant to give you financial stability in tough, unforeseen circumstances. At Chola MS, this insurance policy doesn’t just cover death, permanent disability, and your medical expenses in these situations, but extends to other injuries sustained by the accident and expenses incurred. Here are some of the benefits of our Personal Accident cover.
Our policy offers compensation for the fracture of bones from an accident.
Modification of residences/vehicle
In the event of permanent disability, we provide compensation for the costs incurred in modifying your house or vehicle.
This policy compensates for the loss of income due to disability.
If you’re a student, our policy reimburses you for the inability to attend classes due to an accidental injury.
Daily hospitalization allowance
This policy allows a daily allowance for hospitalisation due to the accident.
Repatriation of mortal remains
If the accident turns fatal, this policy covers repatriation from the site of the accident to the hospital, insured’s residence, or to the cremation grounds.
Cost of cremation
This covers the cost of cremation and the ceremony.
Transportation of family
In the event of death or permanent disability due to the accident, this policy covers the expenses of transporting the family member to the insured.
Nothing is more important than our health and we know you’d want to ensure that you and your family are protected in the event of unforeseen circumstances, like accidents. At Chola MS, our Personal Accident Insurance cover makes sure that you are financially stable during these situations, which is why this cover is a good precautionary measure to take along with your standard health insurance policy.