IS A PERSONAL ACCIDENT (PA) POLICY NECESSARY?
❓ Question: If you already have Life, Critical Illness (CI) and Health Insurances (LIVE), do you still need a Personal Accident (PA) policy? Isn’t LIVE enough? You can also watch it here, to know the answer: 👇 ✅ Answer: That’s a great question — and one that reveals a common misunderstanding about insurance coverage. While LIVE (Life, Critical Illness, and Health Insurance) plans are crucial for comprehensive protection, they do not cover all accidental outcomes — especially partial disabilities or injuries . This is exactly where a Personal Accident (PA) plan becomes essential. Let’s explore why: 🔍 1. PA Covers What LIVE Doesn’t: PA insurance offers specific payouts for accidental injuries and losses , many of which would not be claimable under traditional LIVE policies. For example, loss of sight in one eye due to an accident is payable under a PA policy . But under life insurance, the Total Permanent Disability (TPD) benefit only pays if there is perman...