Personal Accident and Critical Illness policy

[vgupta_2002]

Please suggest some personal accident and critical illness policies for me.
my age is 35 years.

I do not want them as riders but as seperate policies.

regards

[Sanjay]

Personal Accident Insurance
You can buy IFFCO-TOKIO’s ‘Individual Personal Accident Insurance Policy’ or New India’s ‘Personal Accident Policy’(http://www.newindia.co.in/per-accd.asp).

IFFCO - Tokio’s PA policy also covers following additional benefits -
1.Education Benefit
2.Employment Benefit
3.Ambulance Benefit
4.Cumulative Benefit
You can also cover following extra benefits on payment of extra premium -
1.Medical Expenses
2.Cost of Supporting Items
3.Cost of Travel
More info check here - http://iffcotokio.co.in/individual_personal_accident.html

[Sanjay]

For Critical Illness -
I would go for the policy which is covering maximum disease -
ICICI Pru Life's Crisis Cover - 35 Diseases (VALID upto 70 years)
HDFC Standard's Critical Plan - 30 Diseases (VALID upto 65 years)

More Info read here - http://www.healthinsuranceindia.org/critical_illness_policies_life_insurance_companies .asp

[vgupta_2002]

Thanks Sanjay for your response.

But, don't you think we should avoid health policies from Life insurance companies (ICICI Pru Life)

Regards

[Sanjay]

Thanks Sanjay for your response.

But, don't you think we should avoid health policies from Life insurance companies(ICICI Pru Life)

Any specific reason - why we should avoid health policies from Life insurance companies (ICICI Pru Life)?

[vgupta_2002]

Hi,

I am not sure but this is what i have read at many places.


Regards

[Sanjay]

Hi,

I am not sure but this is what i have read at many places.


Regards
Vgupta_2002 - Can you please point - where you have read this? So that it will help other readers.

[vgupta_2002]

I can't post a link here as I am a new member but still - http://articles.economictimes.indiatimes.com/2010-11-10/news/27587870_1_health-insurance-general-insurers-life-companies

[PolicyWala]

I can't post a link here as I am a new member but still - http://articles.economictimes.indiatimes.com/2010-11-10/news/27587870_1_health-insurance-general-insurers-life-companies vgupta_2002 - The link you have posted is talks about the Health Insurance and the query you have asked above is about 'Critical Illness Plan'.

[CONFUSED]

General Insurer plans are costlier then Life Insurers
http://www.policywala.com/attachment.php?attachmentid=307&d=1308055760
Source -economictimes.com (http://articles.economictimes.indiatimes.com/2010-07-19/news/27618646_1_critical-illness-life-insurance-general-insurance)

[Veerendra]

Personal Accident Insurance
You can buy IFFCO-TOKIO’s ‘Individual Personal Accident Insurance Policy’ or New India’s ‘Personal Accident Policy’).

IFFCO - Tokio’s PA policy also covers following additional benefits -
1.Education Benefit
2.Employment Benefit
3.Ambulance Benefit
4.Cumulative Benefit
You can also cover following extra benefits on payment of extra premium -
1.Medical Expenses
2.Cost of Supporting Items
3.Cost of Travel
More info check here -

I saw this text on the webpage you mentioned:

Education Fund
In the event of death, permanent total disablement
i.e. 1 to 4 of “Table of Benefits” of Insured Person,
we will approve compensation towards Education
Fund for dependent children as below:
a) For one child upto the age of 23 yrs.

b) For more than one children upto the age of 23
yrs.
-10% (Ten percent) of C.S.I Subject to a maximum of Rs.
5000/-
-10% (Ten percent) of C.S.I Subject to a maximum of Rs.
10000/-
E. Loss of Employment
In the event of accident leading to loss of
employment as a consequence of 2, 3 and 4 of
Table of Benefits.


- Rs. 15000 or 1% of CSI whichever is lower.


From preliminary analysis at least the education fund is maximum Rs. 5000/- or Rs. 10,000/- which can hardly be called a compensation.

It perhaps is a marketing gimmick.

I seek the opinion of experts on this point.

Regards,

Veerendra

[Matrix]

Main purpose is to cover the Personal Accident other things are additional benefits.