To get a personal accident cover is it good to buy one from a general insurer or does the accident rider with a life insurance policy suffice?
Ramkumar Sampath, Chennai
The accident rider along with a life insurance policy provides you only the death cover whereas a personal accident policy gives you four cover options to choose from – death, permanent total disablement, permanent partial disablement and temporary total disablement. Further, the cost of cover under a personal accident policy is invariably cheaper as compared to the accident rider provided with a life insurance policy. With the personal accident policy from a general insurance company you have the choice of covering the medical expenses incurred following the accident. Considering the above features and the cost, you may exercise your option.
