Life is always unpredictable and anything can take place in the blink of an eye. The thought of getting into a car accident or leaving your family behind in a difficult time is scary for everyone. You can never control anything in your life, but you can plan it better.
The insurance plans allow people to manage their finances and prepare you to deal with the challenges in an easy way. When it comes to purchasing insurance plans, you will find plenty of plans on the web, which allow people to get excellent future benefits. Picking a suitable insurance plan is always a challenging task and you need to research well before investing your money.
People often get confused between health insurance and personal accident insurance and consider both plans similar. However, these two insurance plans are quite different from each other and play a significant role in the life of people.
If you are also getting confused, which plan is a way better for you, then, here we have discussed the top differences in the unique perspective below, which you need to keep in your mind to make a better choice.
1. Medical coverage:
A health insurance plan offers medical coverage to the client for any kind of medical illness and injuries. it provides wide coverage to the clients for all sorts of illnesses, medical conditions, and injuries to provide financial support and reduce the burden of bills.
On the other hand, the personal accident insurance plans only provide medical coverage for the injuries that are caused due to involving in an accident. It never provides any kind of support in other conditions.
2. Pre and post hospitalization coverage:
The pre-hospitalization refers to the situation arise before 30 days of hospitalization for any medical condition or illness as well as post-hospitalization is the duration of the recovery after the 60 days of hospitalization.
The health insurance plan offers pre and post hospitalization coverage to the clients and provides financial support for medical expenses. However, the accident insurance only covers the medical expenses, which are caused during the treatment of injuries because of the accident.
3. Disability expenses:
The damage of the accident is always unpredictable. It can cause permanent damage to you and cause lifelong disability as well. The personal accident insurance plans provide coverage to partial or complete disabilities and manage finances.
On the other hand, the health insurance plan doesn’t provide coverage for the temporary or permanent disabilities caused by accident. It only handles medical expenses.
4. Death coverage:
The sudden death of an individual is always unpredictable. No one likes to think about their own death. However, accidents can cause serious injuries and death as well. The personal accident insurance provides coverage for the sudden death of the clients and support families in the emotional time.
The health insurance plan doesn’t provide any kind of coverage on the sudden death of an individual. It covers under the life insurance plan.
In a short note:
Both insurance plans are the perfect fit for different needs. Understand the black and white of insurance plans before investing your money.
Life is always unpredictable and anything can take place in the blink of an eye. The thought of getting into a car accident or leaving your family behind in a difficult time is scary for everyone. You can never control anything in your life, but you can plan it better.
The insurance plans allow people to manage their finances and prepare you to deal with the challenges in an easy way. When it comes to purchasing insurance plans, you will find plenty of plans on the web, which allow people to get excellent future benefits. Picking a suitable insurance plan is always a challenging task and you need to research well before investing your money.
People often get confused between health insurance and personal accident insurance and consider both plans similar. However, these two insurance plans are quite different from each other and play a significant role in the life of people.
If you are also getting confused, which plan is a way better for you, then, here we have discussed the top differences in the unique perspective below, which you need to keep in your mind to make a better choice.
1. Medical coverage:
A health insurance plan offers medical coverage to the client for any kind of medical illness and injuries. it provides wide coverage to the clients for all sorts of illnesses, medical conditions, and injuries to provide financial support and reduce the burden of bills.
On the other hand, the personal accident insurance plans only provide medical coverage for the injuries that are caused due to involving in an accident. It never provides any kind of support in other conditions.
2. Pre and post hospitalization coverage:
The pre-hospitalization refers to the situation arise before 30 days of hospitalization for any medical condition or illness as well as post-hospitalization is the duration of the recovery after the 60 days of hospitalization.
The health insurance plan offers pre and post hospitalization coverage to the clients and provides financial support for medical expenses. However, the accident insurance only covers the medical expenses, which are caused during the treatment of injuries because of the accident.
3. Disability expenses:
The damage of the accident is always unpredictable. It can cause permanent damage to you and cause lifelong disability as well. The personal accident insurance plans provide coverage to partial or complete disabilities and manage finances.
On the other hand, the health insurance plan doesn’t provide coverage for the temporary or permanent disabilities caused by accident. It only handles medical expenses.
4. Death coverage:
The sudden death of an individual is always unpredictable. No one likes to think about their own death. However, accidents can cause serious injuries and death as well. The personal accident insurance provides coverage for the sudden death of the clients and support families in the emotional time.
The health insurance plan doesn’t provide any kind of coverage on the sudden death of an individual. It covers under the life insurance plan.
In a short note:
Both insurance plans are the perfect fit for different needs. Understand the black and white of insurance plans before investing your money.