Life insurance with an accident rider add-on

#1

Which is a better idea, life insurance with an accident rider add-on or a standalone personal accident insurance policy?

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#2

Hi,

Life Insurance and Health Insurance are insurance products that cover specific eventualities and offer insurance coverage to mitigate the negative financial implications these eventualities have on the policyholder or his / her dependants.

Life Insurance as a product provides financial benefits to the dependants or nominees of a person who has lost their life.

Health Insurance as a product acts as a cushion and mitigates the expenses incurred due to hospitalisation for whatever reason.

Personal accident insurance as a product provides additional coverage for a wider range of possible accidents or disasters that could occur in our day to day lives. A personal accident insurance policy provides for coverage against the loss of limbs or disabilities caused due to accidents while travelling / commuting / in the workplace / due to the dangerous nature of work / due to external situations, etc. This is the insurance product to be purchased by those who wish to create a financially stable environment against all possible eventualities. Buying a separate policy for the same will provide you better cover when compared to taking it as an add-on.

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Cheers,
BB Expert

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