Your life is at risk the moment you step out of the house but that doesn’t mean you stop living your normal routine. Here's why everyone needs a personal accident insurance policy:

• It offers financial security to your family members after your untimely death.
• It protects your family members financial in case of permanent disability.
• The yearly premium costs very less. Some insurance companies offer INR 5 lakhs sum assured for as low as INR 400 yearly.
• It has a simple and hassle-free claims process. Also, you don’t need to take any medical tests to prove the accident.

Individual insurance
You buy this type of insurance personally. It is more customisable as you purchase add-ons, increase the sum assured, and take cover for short-term injuries. The personal accident insurance benefits are better if you purchase this policy.

Group insurance
A group insurance is typically purchased by the employer for their employees. It offers all benefits that are included in a basic plan. All employers need to follow the IRDA Act, 1999 of the Government of India. Since you can’t add any extra coverage, it less efficient than an individual plan.

Find the best personal insurance policy in India for your requirements using Insurance Efficient. We are a one-stop destination for all things insurance to help you throughout the entire process. Use the comparison tool to compare the policies from the best insurance companies for free.