As the name itself puts forth, an accident can occur without any notice. The initiative behind an accident health insurance plan is simple: people have to be ready for the costs that one has to deal with when faced with any such situation. An accident insurance plan enables the policy holder to stay prepared for such exigencies at all times. When either you or a loved one comes across some unforeseen event, you should have the economic capacity to be able to cope with it. Since not all of us have extra money handy all the time, accident insurance is a must.
A health insurance plan enables the customer to remain stress-free about fetching for the required money in case of an accident. The policy would address all the medical care requirements thereafter. An accident health insurance plan covers the policy holder in case of an exigency—whether fatal or not. The policy, nevertheless, does not cover an individual when it comes to any sort of medical ailment, or death due to any natural cause or suicide. It is solely meant for unpredicted events, like accidents, and not planned medical care.
An accident insurance policy covers the dependents of the policy holder when chosen for in the plan. The plan covers the policy holder, (whether individual, family or group) if a death or disablement occurs because of the accident. Accident health insurance plans also offer the ambulance charges, hospitalization expenses, any other medical bills after such an unexpected event.
Companies like Apollo Munich offer accident health insurance plan which protect people from monetary constraints during any type of calamity. The Personal Accident Insurance plan from Apollo Munich takes into consideration all the requirements of a person, and his or her family when an unanticipated event occurs. The plan provides for their (family) transportation from one place to another when the policy holder has met with an accident.