In today's growing expenses and uncertainty, it has almost become mandatory for everybody to have insurance in place, whether it is health insurance, vehicle insurance, accident insurance, or travel insurance. These insurances can protect you from financial burdens in unforeseen situations arising. Health insurance and accident insurance are two types which typically cover medical expenses in the event of accidents and illnesses; however, there is a difference between accident insurance and health insurance. Confused? So, let's clear your doubts and explore accident insurance vs. health insurance and more.

As the name implies, health insurance provides coverage for the insured individual's overall health. This insurance provides coverage for any uncertainties that may arise as a result of certain medical conditions, injuries, or illnesses. Although some diseases or conditions may not be covered by some health insurance plans due to their nature, a good health insurance provider typically covers the majority of illnesses and diseases. The diseases not covered in your insurance plan will be listed in the exclusion list of your policy document. Furthermore, health insurance policies cover more than just hospitalisation costs; they also cover ambulance fees, diagnostic costs, pre- and post-hospitalisation expenses, and more.

At the time of health insurance purchase, the health insurance provider reviews all of your medical information and history to determine the potential risk associated. That's how your premium is determined.

Additionally, several reputed health insurance providers offer additional benefits, such as coverage for your spouse and children. This is an excellent feature since it helps you put your best foot forward and take the required precautions to avoid a medical emergency.

Personal accident insurance, like health insurance, provides coverage for medical and hospital expenditures, but only in the event of an accident and covers these expenses only. In simple terms, if you or your insured loved one sustains an accidental injury, your personal accident coverage will cover the medical expenses. In the event of a sudden death in an accident, the person nominated will be compensated up to the sum insured. Personal accident coverage provides a fixed amount that can be used for both medical and non-medical costs. In the event of a whole or partial disability as a result of an accident, the payment might cover your income loss while you recover.

The goal of personal accident coverage is to provide help in the event of an accident rather than completely replace conventional health insurance coverage. Personal accident coverage can be obtained as a separate policy.

Both health insurance and accident insurance offer financial support during a medical emergency. Because any medical emergency, whether a health condition or an accident, is unpredictable; one does not need to use saved funds or take out loans to cover hospital fees if they purchase health insurance in advance. Adding personal accident coverage to a basic health insurance policy broadens your protection by covering the full cost of medical care for accidental damage.

No, personal accident insurance must be purchased separately or as an add-on to health insurance. Although health insurance covers the cost of hospitalisation.

A health insurance plan covers a variety of medical emergencies. Accident insurance coverage is an add-on to a health or auto insurance policy.

Yes, provided it is available through your insurance company.

Health insurance offers broader coverage when compared with personal accident insurance. This means that health insurance covers a broader spectrum of claimable events than personal accident insurance, which solely covers accidental injuries.

Accident insurance provides financial support in the event of an accidental disability, injury, or death.

Yes, purchasing a health insurance plan online is an excellent choice because it allows you to save time, complete the purchase anywhere having an active internet connection, and most likely receive the policy online.

Disclaimer: The above information is indicative in nature. For more details on the risk factor, terms and conditions, please refer to the Sales Brochure and Policy Wordings carefully before concluding a sale.