Here’s How You Can Safeguard Your Future from Accidental Deaths

Life is a beautiful gift that we must value. But, unfortunately, the value of a life in our world is very little. If you skim through a newspaper or a news website, you will be shocked at the disturbing number of road-accident related news. This alarming rate of road-accidents is a result of reckless and rash driving, along with very little patience on roads.

Read More

Get ₹5 Lac Health Insurance starts @ ₹200/month*
Tax Benefitup to Rs.75,000
Save up to 12.5%* on 2 Year Payment Plans
7 Lakh+ Happy Customers

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Tax benefit is subject to changes in tax laws. Standard T&C Apply

Get insured from the comfort of your home No medicals required
I am a

My name is

My number is

By clicking on ‘View Plans’ you, agreed to our Privacy Policy and Terms of use
Close
Back
I am a

My name is

My number is

Select Age

City Living in

    Popular Cities

    Do you have an existing illness or medical history?

    This helps us find plans that cover your condition and avoid claim rejection

    Get updates on WhatsApp

    What is your existing illness?

    Select all that apply

    When did you recover from Covid-19?

    Some plans are available only after a certain time

    When we are out on the roads, especially as two-wheeler riders or pedestrians, we are exposed to various risks. One of the biggest risks is a road accident.

     

    If one is a sole-breadwinner in the family, it’s important for him/her to buy a personal accident insurance plan. In the unfortunate situation of a road-mishap, it covers the hospitalization expenses. In the event of permanent disability, it provides cash allowance. And in case, the insured person succumbs to his injuries, compensation is provided to his/her family members.  

    What Do the Facts and Figures Say?

    Let’s have a look at the facts and figures related to road accidents.

    • The rapidly increasing number of deaths due to road accidents in India causes a loss of 3 percent to the GDP, on an annual basis.
    • As per data, 5 Lakh people die in road accidents on a yearly basis. It causes an annual loss of 55,000 Crore Rupees.
    • India has the highest number of road fatalities across the globe.
    • Every 4 minutes, 1 person is killed in a road accident.

    These jaw-dropping facts speak volumes about the poor road sense. People are always in a rush. The unnecessary honking creates noise pollution. In theory, people should drive responsibly and value a human life. But, the facts stated above reflect a sad reality.

    This brings us to the question- how can you safeguard your future from accidental deaths? Well, you can’t fully ensure that. You can drive responsibly, keep a cool head while on the road, and most importantly, buy a personal accident insurance plan for your family. While you can’t safeguard your future a cent per cent, from accidental death, you can definitely secure theirs. 

    The Worst Possible Scenario

    Let’s consider the possible scenarios after you are involved in a road mishap.

    These are 4 possible scenarios.

    • Miraculously, you are safe.
    • You are bruised. Fortunately, there are no severe injuries.
    • You are partially or totally disabled.
    • Unfortunately, you succumb to the injuries.

    By the grace of God, if one of the first 2 scenarios is the outcome of the mishap, you and your loved ones are super lucky. Most people consider such situations as their wake up call or second birth, and they stop taking their life for granted and start valuing it instead.

    On the other hand, the last 2 scenarios will be painful for you as well as your family. Without the coverage of an accidental insurance plan, most of your savings will be spent on your treatment and rest will be used for the survival of your family. Unless you have deep coffers, eventually the savings fund will be exhausted, and your family will slowly end up in a financial crisis.

    However, if you have personal accident insurance coverage, the financial future of your family won’t be in jeopardy, thanks to the wise decision made by you. In case of hospitalization, the insurance plan will pay for the treatment expenses. In case of partial or total disability, it will provide a pre-decided allowance. Some insurance plans even pay for the education of up to 2 dependent children.

    In case of death, though nothing can compensate your absence, the insurance provider will offer a pre-defined amount of money to your family, so that their future would be as bright as you wanted it to be.

    Ensure the Financial Independence of your Family

    For a family, losing a loved one is painful. It is a loss that no one can make up for. If that loved one was also the sole bread-winner, the family becomes financially handicapped. With no income in hand, the family will struggle to make the ends meet.

    With the financial cushion offered by accident plans, your family has a chance to be self-dependent. 

    Wrapping it up!!!

    At the time of buying a plan, make sure you compare various insurance plans so that you can opt for the best one.  As far as the sum insured is concerned, it depends on the severity of the mishap and the income of the insured person. 

    Before you zero down on a plan, make sure you read the policy documents very carefully so that you have a crystal clear understanding of your plan and its coverage. Go for a plan that fulfills your insurance expectations and is capable of compensating for your absence when you are gone.

    Search
    Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.

    Health insurance articles

    Recent Articles
    Popular Articles
    12 Tips to Avoid Common Health Problems During Summers

    12 May 2022

    India experiences a hot and dry summer season that lasts for up to...
    Read more
    Does Medical Insurance Cover Hearing Aids?

    12 May 2022

    The number of people who require hearing aids continues to grow...
    Read more
    Are Accidental Injuries Covered by Health Insurance in India?

    12 May 2022

    Accidents are unpredictable. Getting injured in an accident not...
    Read more
    6 Most Effective Ways to Prevent Viral Fever

    12 May 2022

    A change in weather can bring respite from the scorching summer...
    Read more
    Does Health Insurance Cover Death?

    06 May 2022

    Life is unpredictable and so is death. A lot of people lose their...
    Read more
    PMJAY Scheme: Ayushman Bharat Yojana Eligibility & Registration Online
    Prime Minister Shri Narendra Modi announced the launch of (PMJAY) Ayushman Bharat Yojana in his Independence...
    Read more
    Best Health Insurance Plans in India 2022
    Finding the best health insurance plan from so many different health insurance companies can get confusing for many...
    Read more
    Best Maternity Insurance Plans
    Maternity insurance offers comprehensive coverage for medical expenses incurred during pregnancy, including the cost...
    Read more
    Best Health Insurance Plans for Senior Citizens in 2022
    Considering the increase in medical inflation in India, buying adequate health insurance for your loved ones has...
    Read more
    10 Major Benefits of Ayushman Bharat Yojana
    Pradhan Mantri Jan Arogya Yojana (PM-JAY) is the second component under Ayushman Bharat Scheme. PM Narendra Modi...
    Read more
    top
    Close
    Download the Policybazaar app
    to manage all your insurance needs.
    INSTALL