Personal Accident Insurance Policy

INTRODUCTION TO PERSONAL ACCIDENT INSURANCE POLICIES * Except insurance all the investment alternatives involves risk and the only rule that prevails high risk high profit, if the economic circumstances is not favoring our investment we will lose our hard earned money, further more all these investment plans are for the short period on the other hand Insurance has a long term perspective. As investment it not only covers the risk of your life rather then it also secure the future of your loved ones. * The idea is to derive two basic investments need from insurance, one is the investment that means the returns on his money. In the age of reforms we have witnessed the falling interest rates of banks, post offices and also the prices are climbing by the lift and moreover the state is economy cannot be considered as a stable economy. Every economic event is eying on the returns that you would be getting on tour investments and ready to take their share. * The other aspects of investment is assurance from the investment that this is the amount you will be getting, it is impossible to predict this uncertainty and except Insurance no other mode promises you that after certain period or maturity on long term basis. * In view of these insights insurance emerges as the combination of both investment and assurance. * Just like today, in early times if a man couldn't work because of an accident, his family would suffer. In 1694, Hugh the Elder Chamberlain proposed a policy to cover a family income in the event of an accident, and, late in the 1800s, it became a reality. Even though they called it accident insurance, it resembles today's disability income, providing payments to the injured person. In 1850, the Franklin Health Assurance Company of Massachusetts offered the first policy that covered injury from a train or steamboat accident. * Today, some insurance companies still offer accident policies for accidents on public transportation.