Manoj Gehi View On General Insurance &amp Personal Finance.

Insure against disability too, not merely death Rising number of accidents makes it essential to have a personal accident cover, even if you have term life insurance What PA covers A PA policy covers death, permanent total and partial disability, temporary total and partial disability, broken bones, burns and ambulance costs. In a disability, a certain percentage of the sum assured, depending on the extent. For instance, the compensation will depend on whether there is loss of one limb or both, one eye or two eyes, and so on. There are add-on benefits such as repatriation of mortal remains, bonus for children's education, per-day benefits in case of hospitalisation due to accident, weekly compensation in case of loss of job of the earning member and so on. There are floater plans that can be taken to include the entire family under a single policy, Mathur says. Excluded However, certain varieties of deaths and accidents can be denied under a PA. For instance, de...