The accidental injury usually refers to injuries sustained accidentally or due to external, violent, and unanticipated causes. These injuries, for instance, are unintentional and come as a result of external force and against the normal flow of events. A fall, a burn, a road accident, a bite, a sting, or drowning could cause accidental damage. Almost anyone can be injured in an accident, a significant cause of death. The effects of an accident resulting in injuries such as slips and falls, car accidents, or trips can have a devastating impact on an individual’s life in terms of physical pain, financial stress, and emotional turmoil. Such injuries are under individual accident insurance.
Example Of Accidental Injury
Ahmad got an injury in an automobile accident. One of the other vehicles hit his car. As a result, Ahmad was cut, bruised, and had a fractured skull. The case was critical and required immediate surgery, which cost approximately RM 3000. However, he avoided such a hefty cost due to his accident insurance policy. Under the policy, all medical expenses and lost income and repaid up to the sum insured limit. Pedestrian accidents and road accidents can result in severe and even fatal injuries. If you are injured, a personal accident insurance policy can protect you from spending all of your savings.
Benefits Of Personal Accident Insurance
Many people overlook the importance of accident insurance, mainly because they don’t understand its significance. However, it would be best if you also considered the safety and security of your family and how they can continue to support themselves financially in the event of something untoward happening to you. In the case of an accident, your income would be affected. The family members will have difficulty meeting expenses if they have any liabilities, such as a home loan. The treatment will also cost money. Therefore, you must purchase the best accident insurance if you do not want your family to be in such a financial bind. Here are some benefits of personal accident insurance:
Peace Of Mind And Safety For Your Family
Having a severe accident that causes death or disablement would significantly impact your earnings potential. With an accident insurance policy, your family will be protected financially in the form of accidental injury compensation. In case of death, the insurance company will pay 100% of the claim. If the family has any liabilities (if any), use the amount to pay them off and maintain a normal lifestyle. Therefore, you can assure that your family is financially secure even while away.
There Is Little Documentation
Many people avoid purchasing insurance because they believe it is a complicated process involving much paperwork. Do not worry about paperwork when buying personal accident insurance. You will have your policy after receiving basic information in the application.
Medical Testing Is Not Necessary
It is yet another advantage of having accident insurance. The policy does not require you to undergo any tests, unlike health insurance, which requires you to submit to tests before it can be issued.
Claim Processing Is Easy
The easy claim process is one of the most critical factors that most insurance buyers look for when buying personal accident insurance. It’s easy to claim no matter which policy you choose. Once the insurance company verifies your claim, the claim amount is complete once they apply to the company (either online or offline).
As important as providing your family with financial security if you die, you should also think about what they would do if you were injured and permanently disabled. It is why accident insurance is essential. Therefore, before signing the policy, ensure that you understand its inclusions, exclusions, and other terms and conditions.