An accident insurance policy that covers a range of in-patient hospitalisation expenses is the best policy to have. Such policies offer financial assistance against bodily injuries, disability or death. If the insured person dies due to the accident, a death benefit is payable to the nominee.
The need for an accident insurance policy arises as it safeguards one from expenses arising out of hospitalisation and keeps the family covered in case of an unfortunate death. It is, however, essential to carefully study the terms and conditions of the policy and choose the one that meets all the requirements.