Chola MS Accident Protection Plan

Objective

A personal accident policy that aims at providing financial respite in event of accidental death or disability.

Suited for

Any individual may buy a personal accident cover but, it is must for those who are frequent drivers or are engaged in high risk job profiles such as field engineers and manual workers.

What does it do?

It is a traditional standalone personal accident policy that cannot be bought online. It covers accidental death, permanent total disability, permanent partial disability and temporary total disability. The cover does not end here. It includes other accompanying expenses such as broken bone, transportation of mortal remains, ambulance charges and family transportation benefit. Home or vehicle modification required in case of permanent partial disablement is also covered. It also provides a daily cash allowance for each day of hospitalisation. Another useful allowance is fee for private tuition if the insured is unable to attend school or college.

Pros

A high sum insured of upto Rs 25 lakh is available.

Our View

Rising cases of accidents have made it imperative to buy a personal accident cover. Accidental policies are available at a very low price and your insurance portfolio must contain one if your job requires you to undertake risk. Disability is a more evil condition that causes loss of income while medical bills continue to swell. Cover for incidental expenses makes it a more comprehensive policy. This policy is recommended for those who are willing and comfortable buying through traditional channels involving middlemen.