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Term cover is not enough, buy personal accident cover too: Experts

This policy is especially handy when an accident results in disability, impairing a person's earning capacity

road accident
premium

Personal accident insurance covers hospitalisation, post-hospitalisation expenses, and cash allowance for a period.

Bindisha Sarang Mumbai
Businessman Cyrus Mistry’s death in a car crash on September 4 has brought the risks related to road travel into the national spotlight. It has also highlighted the need to purchase a personal accident (PA) insurance cover.
 
What's covered
 
Even if a person has a term insurance cover, he should still buy a PA cover. “A PA policy provides coverage against accidents leading to death, disability (partial or complete), and bodily injuries,” says Naval Goel, founder and chief executive officer (CEO), PolicyX.com.
 
While a term insurance cover will make a payout on death, it will not pay anything if a