There are several advantages of personal accident insurance policies. Some of the key benefits offered by a personal accident insurance policy
include the following:
• Financial assistance in case of any accidents.
• Compensation for policyholders in case of any injuries which are of a minor nature. Some companies have policies that get enhanced coverage and more benefits although the premiums are also on the higher side.
• There is added protection for partial and temporary disability in case of accidents which may lead to loss of one’s livelihood.
• Death coverage with the sum assured being paid out to the family.
• Education grants may sometimes be available for the children of the policyholder as offered by some health insurance companies
in case the customer dies from an accident.