who are unable to work due to a disability or illness. Disability insurance is designed to replace a portion of the individual's income while they are unable to work, helping them to cover their living expenses and maintain their financial stability.

Personal Accident Insurance is a type of insurance policy that provides financial compensation to the insured person or their beneficiaries in case of an accidental injury or death. Accidents can happen unexpectedly and can result in serious injuries, permanent disability or even death. A personal accident insurance policy provides coverage against such unfortunate events. The policyholder pays a premium, and in return, the insurer pays out a sum assured in case of an accidental injury or death. The sum assured varies depending on the policy and the level of coverage chosen. Some policies may also cover additional expenses such as hospitalization, medical bills, ambulance charges, and other related costs. Personal Accident Insurance policies are usually sold as standalone policies, but they can also be offered as a rider to a life insurance policy. The policy can cover the insured person 24/7, whether they are at home, work, or traveling. There are different types of personal accident insurance policies available, including individual policies, family policies, and group policies for businesses. The coverage and premiums may vary based on the type of policy and the insured person's age, occupation, and other factors. It is important to read and understand the policy terms and conditions carefully before purchasing a personal accident insurance policy. Some policies may have exclusions and limitations, so it is crucial to know what is covered and what is not.