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Any sudden mishap in life may bring lots of problems for an individual and the family. One never knows when he or she encounter such incident and face turmoil in life. Many families in India are already facing these problems and have become victim of high rising medical costs. When a person meets an unexpected event, like an accident or is diagnosed with a critical illness, it becomes difficult for the family to pay for his or her medical expenses, as hefty bills are not easily affordable. Many people either give away all the deposited money or sale away precious assets. There are many people who have to compromise with quality healthcare. All these issues are difficult to be dealt. Thus, it is better to be protected and be ready financially to face these issues of life.
Accident insurance plan is one such protective coverage that is designed looking into financial and medical needs of people after an accident. These products ensure that insured individuals need not have to worry about their finances. An accident insurance policy pays a compensatory amount to an insured’s beneficiary, in an event of an insured’s death or disablement, subject to terms and conditions of the plan.
There are many such products in Indian health insurance market that offer coverage after an accident. Many of these plans offer coverage only in an event of death or disablement, many offer cover only to bodily injuries or treatment of the same. But, one needs to find a comprehensive plan that could offer wide-ranging benefits such that insured can stay at a peace of mind. In order to end up choosing such a plan, one should make a thorough research and should read people’s reviews to know about the plan and insurer’s services, as speedy claim settlement matters a lot. 
Apollo Munich is a joint venture between Apollo Group of Hospitals and Munich Health. The company has turned up with the aim to simplify health insurance needs of the people in India. It has brought various products that could offer coverage to the people on time. One such plan that promises fiscal coverage to a policy holder is Individual Personal accident insurance policy. It is designed solely with the aim of making sure that the insured is able to deal with all the monetary problems that come up after an accident. Apollo Munich Health Insurance offers one of the most extensive policies for this purpose. 
Apollo Munich is set to reform the way medical insurance is perceived in India. The company has contributed much in taking care the policies designed are comprehensive and useful to the masses. The company offers plans that have a clear-cut policy wording. The Individual Personal Accident Insurance Plan is planned to give clientele the chance of getting the optimum coverage for all kinds of problems that are likely to be faced after an accident. The policy wordings plainly declare all the benefits in simple terms that can easily be understood by the people, interested in buying the plan. 
This plan is available in 2 variants, which are:
  • Standard
  • Premium
The major numbers of the benefits are same in both these variants, but they differ from each other in their coverage limits and sum insured amount. The Premium Variant offers wider cover as compared to Standard variant. The Premium plan offers few extra benefits, such as coverage for transportation of imported medicines, purchase of blood, broken bones, and modification of residence/vehicle. IPA also provides cover to an insured who require inpatient treatment, after an accident. 
This policy can be availed by any individual in the age group of 5-69 years. This plan comes with a cover ceasing of 70 years. The policy can be issued to a family or an individual, but the sum insured amount can only be used on an individual basis. The company also gives its clients a discount, if this policy covers more than one member of the family. 
Individual Personal Accident insurance policy offers coverage for a vast number of perils. The range of benefits offered include cost of accident medical costs, emergency ambulance cover , the expense of transportation of medicines, transportation of mortal remains, transportation of family member, purchase of blood, etc. In the event of Accidental Death, Permanent Partial Disability, and Permanent Total Disability, an insured or its beneficiary gets lump sum payment as compensation amount.  The amount that a policy holder gets in an event of disablement is subject to the scale provided in the policy wording. In case of accidental death or permanent total disability insured persons can also get educational funds for dependent children. 
The Individual Personal Accident Insurance Policy allows an individual to choose a sum insured amount of up to 10 times of the income of the proposer.  There are several other facilities offered by the company. These are cumulative bonuses and Healthline services. Apollo Munich makes sure that the claim settlement process of the policy is simple and speedy such that its customers get fiscal coverage on time.
One of the remarkable aspects of this plan is that it offers comprehensive coverage to medical and financial needs of people after an accident at cost-effective price. This plan can be purchased at the expense of just few rupees per day, which can easily be afforded by the common man. The plan is designed to offer accident cover to one and all in India.
So, buy accident insurance today and live life to a greater extent.  

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