Hal Can Help

Insurance is an expense that turns into an income. Should you suffer a sudden illness or accident that prevents you from earning income, Insurance steps in and provides the monetary assistance you will need. Hospital bills though unavoidable can suddenly drain you of your lifetime savings and greatly impair your family budget. Insurance helps by covering your financial obligations during your period of hospitalization and recovery.

There are many types of Insurances, but the more immediate and affordable one is the Personal Accident Plan. There are two types: Personal Accident Insurance (PAI) and the Personal and Sickness Insurance (ASU). The common feature of these two policies is that you and your beneficiaries are compensated should you die or survive an accident. Depending on the Insurer, usually the hospital and medical expenses are either paid for by the company or reimbursed up to a certain amount as long as the cause for hospitalization is accident related. Your body parts are insured for certain amounts so you will be compensated for it once it gets dismembered. Accidental deaths are usually paid for with a lump sum. ASU however differs by providing a temporary income while you are recovering from your illness or accident. It may also provide protection for your earnings, mortgage and loans and other financial commitments by proving a monthly stipend during your recovery.