Personal accident insurance is a type of insurance policy that provides financial protection in the event of an accident that results in serious injury. It covers injuries such as limb loss, burns, and others that can have a significant impact on an individual's life and ability to earn a living. Unlike health insurance, which primarily covers the cost of medical treatment, personal accident insurance provides a lump sum payment in the event of a major injury. This payment can be used to cover expenses such as rehabilitation costs, lost income, and other expenses incurred as a result of the accident. Personal accident insurance can be purchased as a rider to life insurance policies, or as a standalone policy. The latter option is often more comprehensive, as it provides a broader coverage specifically designed to cover accidents. In conclusion, personal accident insurance is an important addition to your overall insurance portfolio, as it helps protect against financial loss in the event of a serious injury.