Insurance is a contract between two parties, where one party known as insurance company offers medical coverage to the other party, called a policy holder or an insured who pay a small amount known as premium. An insured gets the treatment on cashless basis in case of hospitalization in network hospital or in case of treatment in non-network hospital; he/she can raise the claim against the same. Likewise, in Accident Health Insurance, an insured gets the medical coverage against health risks that arise due to an unforeseen event in life.
There are abundant of health insurers and accident health insurance plans available in Indian insurance market. Each of these plans has its own coverage limit and number of benefits. Accidental Health Insurance offers health cover against injuries that are visible, violent and external. It offers lump sum amount as compensation amount in case of accidental death of an insured and a certain proportion of the sum assured in case of disablement, depending upon the extent of injuries incurred.
The best-in-class product is Personal Accident Health Insurance plan brought by Apollo Munich, a joint venture between the Apollo Group of Hospitals and Munich Health.
There are abundant of health insurers and accident health insurance plans available in Indian insurance market. Each of these plans has its own coverage limit and number of benefits. Accidental Health Insurance offers health cover against injuries that are visible, violent and external. It offers lump sum amount as compensation amount in case of accidental death of an insured and a certain proportion of the sum assured in case of disablement, depending upon the extent of injuries incurred.
The best-in-class product is Personal Accident Health Insurance plan brought by Apollo Munich, a joint venture between the Apollo Group of Hospitals and Munich Health.
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