4 Factors proving the investment in personal accident insurance worthy
Accidents are inevitable and you cannot guarantee safety every moment. In such an environment, often people tend to give more importance to their family and themselves. In this quest of ensuring the best care for your family members, you forget about your safety and well being, forgetting how your family would survive if anything has to happen to you. It is also important to understand that you can take care of your loved ones only when you are in a position to do so. This is where personal accident insurance can help you. By investing in a personal accident at work, you can guarantee income for you and your family even when you are down by some illness or injury and able to earn. Many people consider personal insurance an unnecessary expense and refrain from putting in their money in it. But the truth is exactly the opposite. Investing in personal accident insurance is highly beneficial. Here are some factors which prove the worth of this investment.
- Family stays at ease
If you are the primary earning member of the house and are not able to work for some reason, your family pays a double cost for it. One, they have to take care of you and accord for your medical bills, and second, as you cannot work, they have to deal with the sudden block to earnings. This puts a lot of pressure on the other members and disrupts their life. Having personal accident insurance will ensure that you get regular money to address your weekly/monthly expenses and reduces the burden on your family.
- Give you peace of mind
Stress reduces your efficiency, makes you prone to mishaps or injuries, and also increases your discomfort and recovery time if you are already hit by an accident or illness. Personal accident insurance gives you peace of mind while you are working at a risky job or recovering at home by ensuring that you and your family are never deprived of anything due to the financial crisis. This assurance helps you recover soon and bounce back to your job.
- Ensure you can maintain your lifestyle
Every family has a lifestyle standard and is used to it. A sudden blow to the income can abruptly hamper the lifestyle and force your family members to compromise with their needs and regular living. This can also affect them psychologically and socially. Personal insurance helps you to maintain your lifestyle even during the testing times that helps in staying positive and overcome the phase with a triumph.
- Cover for disability and accidental death
You cannot foresee accidents and also the impact they will have on you physically and otherwise. While some accidents are minor and put you down for a limited period, others can affect you and your family for a lifetime. If you are disabled partially or totally due to some accident your life can never return to normal. Personal insurance can help you by paying a fixed amount every month to meet your expenses. In case you meet a fatal accident, your family will receive compensation, usually, 100% of the sum assured, to carry on life after you.