For example, while sailing in the middle of the sea and then drowned. If this happens, the family of a life insurance policy holder can file a claim to the insurer. Meanwhile, personal accident insurance covers wider protection, not just death. For example when he was turning the steering wheel and hand pinched and injured. Insurance funds can be claimed. But it should be outlined that the personal accident insurance coverage can be claimed only if an accident occurs within the scope of work. So, if you're on vacation and hit by a car, the insurance can not be processed. Life insurance is fully applicable under any circumstances. Not only when we work. But there are some incidents that are not covered, such as being killed in a war or a riot.
The next difference is about the duration of protection and the sum insured. - Duration has risky job Respect time because time can not be repeated or stopped. (Sand Clock / tidakhoax) The life insurance protection period is longer than personal accident insurance. Some offer up to 100 years of age. While the term of personal accident insurance is short-term in accordance with the agreement. For example the policy is valid for 5 years. After the contract is complete, the policy can be renewed again so that protection is again obtained. - Sum Insured money that can be claimed from life insurance is greater than personal accident insurance. Because, the risk is death. But it could be claimed the risk of death from personal accident insurance is greater. It all depends on the policy agreed between us and the insurance company. Read: PROTECT YOUR LIFE WITH INSURANCE
Conclusion From the above explanation, it can be seen that both life insurance and personal accident insurance have their own features. Someone who has a job at risk more fitting when having personal accident insurance. Because, the protection is valid for the person in the work environment. Moreover the risk of death is also covered in protection. While life insurance only protect themselves from the risk of death. When involved in an accident that does not lead to death while working, coverage fund can not be claimed. have a risky job Who does not want to live happily with a beloved family and see an adult child? (Family / gites) But that does not mean not allowed to have both. After all, life insurance and personal accident insurance can complement each other. We just adjust the stay with the risk of work and financial condition.
Expensive policies do not mean always match everyone. Vice versa. Consult the insurance that matches the insurance agent. But first know the knowledge about insurance so as not inedible sales persuasion that offer policy. Insurance is very important as a form of future investment. Especially if you have a family and we are the main breadwinner. When we can no longer make a living to meet the needs, insurance funds can be used. Child education can be more certain. Similarly, other important needs.