Personal accident insurance is a type of insurance policy that provides financial protection in the event of an injury, death, or disablement due to an accident. This insurance is designed to provide coverage for unexpected accidents, including those that occur at home, on the job, or while traveling.
Typically, personal accident insurance will cover medical expenses, rehabilitation costs, and a lump sum payment in the event of death or permanent disability. Some policies may also offer additional benefits, such as coverage for accidental death while traveling, and 24-hour worldwide coverage.
If you’re considering purchasing personal accident insurance, it’s important to carefully review the policy terms and conditions, as well as the exclusions, to ensure that you understand what is and is not covered.
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