Difference between Personal Accident and Personal Accident Rider Insurance
11 Oct 2017
Personal Accident Rider is often confused with Personal Accident Insurance. The latter is in fact the normal Bike or Car Insurance that we generally purchase. How different is it from the Personal Accident Rider? Let us check out:
The Main Differences
|Point of Difference||Personal Accident Insurance||Personal Accident Rider|
|Health Coverage||Death or Permanent Injury||Death or Permanent Injury. Additionally covers the expenses rider for the time when he is not in the condition to earn|
|Amount & Time-span||Nearly 100% of the amount will be returned in case of Death or Permanent Injury||Amount and time span will both depend on the severity of the accident|
|Vehicle Coverage||Covers the damage caused to vehicle||Covers the damage caused to the vehicle and also financially supports the rider and his family till he recovers fully. The amount is usually enough to maintain their current lifestyle, until the rider is fit to earn again|
Personal Accident Insurance: It is a type of Car Insurance that will cover the expenses and safeguard the rider as well as his family against medical expenses and provide financial support for the damage caused to the vehicle. A Personal Accident Insurance would generally pay 100% of the insured sum if the accident leads to death or a permanent disability. However, the policies depend highly on the insurance provider and the type of policy. Personal Accident Insurance will also cover the expenses for the damage caused due to natural disasters like flood, hurricane etc. This is one of the most common types of insurance that is purchased for the security of the vehicle and rider.
Personal Accident Rider: This insurance will also cover the expenses of the rider as well as his family, in case of the accident resulting in temporary disability. Additionally, the insurance company will pay for the halt in the income, caused due to complete or partial immobility of the rider. Personal Accident Rider is more beneficial and practical, because the chances of an individual being bedridden are much higher than death.
We at Bharti AXA care for your safety & security. We always urge you to always make an informed decision when you buy any insurance policy. We also help you live a secured life with the best Personal Accident Insurance as well as Personal Accident Rider. We provide you with the widest range of insurance plans affordable for everyone.
Why choose Bharati AXA Health Insurance
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