Accident Health Insurance

Employees go to large extents to make sure that their employees are satisfied. One of the steps taken by many employers is to give their employees an insurance coverage. There are two main covers that are provided to the employees by most companies. One is the health insurance cover, while the other is the group accidental insurance coverage. While the former protects an individual and sometimes his/her family from any kind of financial stress due to a medical problem, the latter protects them from fiscal strain after an accident. There are several kinds of benefits that are available with both the plan.

However, the problem is that many people are under the impression that while a group accidental insurance may be free, it has no value when compared to a health insurance. Mediclaim plans are not designed to cope with accidents. For example, the Apollo Munich Group Personal Accident insurance plan provides educational funds for the insured’s children in the event of the death or disability due to an accident.

There are several other benefits of using an accident insurance policy. One can keep the health insurance plan for a tough medical problem where an accident insurance would be of no use. It is best to keep both plans handy at all times.