India is incredible and adventurous. A road trip through the stunning and diverse views of the country is a great way to break free from the monotonous life. You pack your sunglasses, your clothes, your sunscreen, some food, a few drinks, etc. But don’t you think you are forgetting something?

You’ve planned for your road trip, assuming everything goes well. But the same roads that give you pleasure can also be a cause of worry. Not all roads in India are well constructed/maintained or have adequate pathways. On some roads, you might find animal sprinting across without a caretaker. Few of the roads, even those leading to some of the popular destinations in India, do not have proper barriers or pavements. Moreover, if you are driving through the night, visibility and lighting could be a cause of stress. And, you cannot forget the traffic and reckless driving in India.

All these causes and more can lead to road accidents or mishaps. However, this in no way means that you should not go for that road trip you want. It only means that you have to be better prepared and plan for all possibilities when on the road.

So, if you are heading out for a road trip with your friends, family or by yourself, make sure you have a secure life insurance plan with a specific accidental death benefit rider^# or a separate personal accident insurance policy. With personal accident insurance, you can be sure that in the case of uncertainty or unforeseen event like an accident, you have a reliable insurance cover to fall back on.

Once you have all your things in order, including your accidental insurance, is when you can begin your much-awaited road trip to make memories of a lifetime.

Here is everything you need to know about personal accident insurance:
 

What is Personal Accident Insurance?
 

Personal accident insurance is a special insurance policy that reimburses your medical expenses and provides compensation in the case of your disability, injury or death due to an accident. Moreover, in case of an unfortunate accident leading to your demise, the accidental insurance cover pays accidental death compensation to your nominee.

This means that when you buy personal accidental death insurance, you can be at peace knowing that your family is financially secure if you meet an accident. Your medical expenses will be reimbursed by the personal accident insurance plan. In case of your death, your family will receive a lump sum compensation.
 

Benefit of Buying Personal Accident Insurance During a Road Trip
 

Well, as much as a good road trip promises exhilaration, adventure and beautiful memories, you also risk meeting an unfortunate accident or any other unforeseen situation. Hence, having an accidental insurance policy during a road trip or otherwise is of utmost importance.

Here are some of the top benefits of buying personal accident insurance:
 

• Peace of mind and financial security
   

  Road accidents have been a major cause of concern in India. India accounts for the highest number of road accidents globally. Annually, more than 1.5 Lakh people die due to a road accident, and more than 4.5 Lakh are crippled. In such a scenario, it is wise to be prepared and plan well for the uncertainties with accidental death insurance.

  
  Personal accident insurance assures you that your loved ones and family will not suffer financially in case of your unfortunate demise in a road accident. In case of your accidental death, the personal accidental insurance policy will pay a defined lump sum benefit to your family. The lump sum will act as an income replacement for your loved ones. Your family can use the sum received to pay for their living expenses and maintain their standard of living when you are gone.

  
  Moreover, your family could use the benefit from your personal accident insurance cover to fulfil their long-term goals, such as paying for the marriage of your children, buying a house, etc. With an accidental death insurance cover, you can be at peace knowing that your loved ones are financially secure in your absence.




• Takes care of immediate expenses

  
  Not all accidents lead to death. In some cases, accidents cause injury or disablement, requiring immediate medical attention. However, giving the sharply cost of medical expenses in the country, bearing the hospital bills and sponsoring the treatment of your accident-caused injuries could be a burden for your family, especially when there is no income. 

  
  In such cases, a personal accident insurance policy pays for all medical bills and hospitalisation costs so that you can get the best treatment possible without you or your family having to worry about the medical bills. Most personal accident insurance policies also pay for ambulance charges. 




• Protects your finances from drying up

  
  An accident, major or minor, can leave you severely injured or even disabled (temporarily or permanently) in some cases. This consequently impairs your earning abilities, causing a loss of income for the family. Loss of income could lead the family to struggle financially or even so jeopardise their short-term and long-term financial goals.

  
  However, in such critical times, a personal accident insurance policy acts as an income replacement cover. Good personal accident insurance policies protect your finances from drying up and give a stable source of income to your family till the time you do start earning again. Payouts from the policy vary but can help you take care of the daily expenses of your family and ensure your immediate liabilities and short-term goals are met with ease. 

A personal accident insurance policy is your safety belt every time you hit the road. However, with so many different types of personal accident insurance policy available in the market, it is advisable to conduct in-depth research and opt for a plan that best suits your needs.

L&C/Advt/2023/Jan/0293