Thank you Shreekant. I also plan to buy a term insurence plan ( Product Name HDFCclicktoprotect ) which provides the insured a cover of one crore in case of unfortunate death of the insured. I want to know incase of accidental death, can the insured Family claim both the cover, i.e 1crore emanating from the life insurence and the sum-assured covered under PA insurence or is there cap on the amount payable to the nominee.
I thought the PA rider is better than stand alone PA insurence policies as the latter provides more coverage in PA domain. The standalone PA coverage offered by Bajaj Allaince cover the following : Death due to accident ( Basic ) Permanent Disability due to accident ( Still Basic ) Partial Disability due to accident ( Comprehensive ) Temporary Disability ( Very comprehensive ).
Hi Shreekanth…sorry for the confusion. I meant its better to go for a stand alone PA cover than PA rider offered by motor insurence and even some employers like mine. This is because Stand Alone PA cover looks more comprehensive and looks to provide extended coverage when compared with PA rider. Love to hear your thoughts on it
Please login or Register to submit your answer