I work in a MNC in India. I have a query about Personal Accident cover. I read in a ET article as 'cheap and essential'. When I asked around about this with few individuals, they advised to buy add-ons for my existing term life insurance policy, as I had bought these addons.
I believe a term plan should be a term plan. I would like to compare these addons with standalone personal accident covers.
Can anyone suggest how much amount should be the cover for.
Edit: I know these are useful. However, I'm having difficulty in buying one of these in India. Could not find any names in searching the internet too and hence am asking for help on what these are called here. I hope giving a few names would not make it too specific about a single product of a Personal accident cover plan. Hope the question is more clear now.