There has been a huge change in the insurance trend in the nation of India, as there has been a rise in the push for the purchase of new insurances. This has been fro the efforts of bringing in the underinsured people of India into the insurance umbrella, which is the way the government is expecting to raise some serious finances which have been lagging in the nation.
As the popularity of the insurances rises and the uncertainty of the people's lives rises, we have been seeing some major changes in the insurance sector, and the people are now inclined towards buying more and more insurances. There is an unknown insurance policy that we are going to talk about today. Personal accidental insurance has been a very popular insurance policy in India, and these are of two types: Individual Accident Insurance and Group Accident Insurance. Individual insurance covers a single person, which covers loss of limbs permanent disability and also loss of life. Group insurance is the one that mostly the employers take, and this covers a group of people working under similar conditions, but this one has very limited benefits, and hence, it is advised to have an individual policy if we want maximum protection.
So next time you go for insurance, be sure to ask for an individual one, and this is what the best insurance policy will be for you. The insurance firms also push you to buy these individual plans because they give maximum benefits even though they have high premiums.
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