Mr Basu, I have encountered one particular prob. Kindly guide. I have taken icici pru iprotect smart plan of 75 lacs s.a. With a premium of 7k per annum. I also want to take an accidental insurance cover. As per posts you suggest taking a seperate acc ins from gen insurance companies. As per my search it comes around 4k premium for 20 lacs s.a if i go wid new india assurance personal accidental cover. But for the same additonal cover of 4k i.e. 7k+4k=11k for icici pru iprotect i get an additional accidental cover of 50 lacs which den comes 75L+50L. So kindly suggest what should i do. I also want to know whether its better to diversify in terms of claim settlement or not.
Ajinkya-Your guessing is correct. But the problem with life insurance with accidental rider is that, they provide your accidental benefit only in case of DEATH. However, in case of standalone accidental insurance, the benefits are spread from accidental death to partial disability. Hence, always insist for standalone accidental insurance than the rider with life insurance.
Ok. Thanks for your valuable input sir. Your prompt and impartial reply makes your blog unique from others. Wish u many laurels in your endeavor.