The primary difference between covering death in life insurance and personal accident insurance is the first guarantee of natural or accidental death compensation, while this coverage will pay in personal accident insurance, as the name says, except in the case of accidental death.
Just have less dense cover, personal accident insurance it’s usually less expensive than life. In addition, the amount paid from personal accident insurance, typically, does not distinguish between young and older, while life insurance prices vary according to the age of the insured.
Both, however, have a common feature. Awards received by family and/or beneficiaries does not exist in the inventory list and did not respond to any debts left by the insured. The value of restitution (insured capital) paid directly to beneficiaries, just from the tax.
Those who rely on their own work, entrepreneurs and professionals in good physical condition to carry out its activities. An accident can be forced to stop working temporarily, meaning income interruption.
This is a condition where, certainly worth having this insurance. It is also advisable for anyone working with officially registered in a company that doesn’t offer the employee the option of joining the collective policy against personal accidents.
A young person, one with no children and well represent a lower risk of death, the natural order of life. But, if you don’t count on financial security to pay these expenses in case of being forced to be absent from work due to an accident, and would also be a good incentive to hire safe.
The cost of personal accident insurance is one of the lowest rates in the market, allowing use of the extra class. Among them, no monthly insurance bills, where the insured person is unemployed, school fees for the children of the insured.
Post Tagged with Civil liability, Compensation for car accidents under the compulsory insurance law, Comprehensive motor insurance, pdf Conditions for liability insurance, Types of car insurance, What is criminal responsibility.