MANAGEMENT

Detailed explanation-1: -The personal accident insurance plan offers you complete financial protection against uncertainties in life due to an accident. Accidental bodily injuries, temporary/permanent/total disability, accidental death are all covered under the plan.

Detailed explanation-2: -Accident insurance helps you pay for medical and other out-of-pocket costs that you may incur after an accidental injury. This includes emergency treatment, hospital stays, medical exams, as well as other expenses you may face such as transportation and lodging needs.

Detailed explanation-3: -Yes. All health insurance plans in India provide coverage for accidental injuries. It covers the medical expenses incurred in the treatment of injuries sustained in a road accident. The coverage usually includes emergency in-patient hospitalization charges as well as ambulance charges.

Detailed explanation-4: -’Pradhan Mantri Suraksha Bima Yojana (PMSBY) was launched on 9th May, 2015 by the Government to provide accidental insurance cover. PMSBY provides accidental death/disability insurance cover of Rs. 2 Lakhs for an annual premium of Rs. 12/-.

Detailed explanation-5: -Different types of general insurance include motor insurance, health insurance, travel insurance, and home insurance.