Accident or Personal Accident and Health insurance are designed as the financial relief tools to support in case of a bodily injury caused by accident or sickness. This insurance is available both in personal package or corporate package that the employer provides for employees as special benefits.
1)
PERSONAL ACCIDENT:
Personal
Accident covers a loss of life or permanent disability and medical expenses
arising from a bodily injury due to accidental causes.
2) HEALTH INSURANCE:
Health Care Policy covers the expenses of the hospitalization i.e. inpatient,
outpatient treatment and major medical treatment (high cost of hospitalization)
caused by accident or sickness.
