Why Firecracker Cover is Must in India?Home Health Care InsuranceUpdated on Nov 5, 2018 View more like this | Visit India, UN | Contact Aditi Ahuja |
Every year, particularly in Diwali, many people suffer from injuries, while bursting firecrackers. While treating minor injuries isn’t expensive, major injuries can not only leave one impaired but also derail your financial plans. To ensure you get the best possible treatment in case of such eventualities, it is important for opt for a Firecracker Cover. Here’s how a Firecracker Insurance policy helps you in distress.
Firecracker Insurance Policy: What is it?
A Firecracker Insurance policy offers coverage against injuries sustained due to crackers. Such a policy also covers permanent partial disability caused due to crackers. For example, Firecracker Cover from Bajaj Finserv offers coverage up to Rs.1 lakh at a nominal annual premium of Rs.542. Offering a sum insured up to Rs.1 lakh, you also get coverage against loss of sight, arms and limbs.
How can a Firecracker Insurance Help You?
Are you wondering how a Firecracker Insurance can benefit you? Here’s a brief lowdown to help you understand how a Firecracker Insurance enables you to evade expensive urgencies.
- Helps bear expensive treatment costs
Treatment of injuries due to crackers can be an expensive affair. Expenses depend on the extent of the injury suffered and the hospital of treatment among others. Private clinics and nursing homes are more expensive than government hospitals. However, a firecracker insurance cover ensures that funds don’t come in the way of receiving top-notch care in case of an eventuality.
For example, Firecracker Cover from Bajaj Finserv covers expenses due to hospitalisation up to Rs.2 lakh. Not only this, it also covers road ambulance charges up to Rs.25,000.
- Covers loss of income due to disability
A temporary or permanent disability might impair your earning potential, resulting in a loss of income. A firecracker insurance policy guards against this loss. The Firecracker Cover from Bajaj Finserv covers loss of income due to disability up to Rs.1,000 per week.
- Prevents loss of no claim bonus on your health insurance
No claim bonus is a major benefit of health insurance plans whereby for every no claim year, the sum insured is increased by a certain percentage keeping the premiums same. This helps combat medical inflation to some extent.
A firecracker insurance cover ensures you don’t lose out on the no claims bonus offered by your health insurance. Also, your health plan may not cover the expenses for injuries suffered due to firecrackers. In such a scenario, a firecracker health cover is your most trusted ally. It prevents drying up of your savings while nursing injuries due to firecrackers.
- Helps you meet other financial commitments
Keeping your savings intact, a firecracker cover ensures you are able to meet other financial commitments such as paying insurance premiums, loan EMIs, credit card dues, etc., with ease. Default on any of these doesn’t augur well for your financial well-being in the long-run.
Thus, a firecracker insurance policy safeguards you financially from the implications of injuries sustained due to crackers. Avail it today and enjoy a stress-free Diwali.
A Firecracker Insurance policy offers coverage against injuries sustained due to crackers. Such a policy also covers permanent partial disability caused due to crackers. For example, Firecracker Cover from Bajaj Finserv offers coverage up to Rs.1 lakh at a nominal annual premium of Rs.542. Offering a sum insured up to Rs.1 lakh, you also get coverage against loss of sight, arms and limbs.
How can a Firecracker Insurance Help You?
Are you wondering how a Firecracker Insurance can benefit you? Here’s a brief lowdown to help you understand how a Firecracker Insurance enables you to evade expensive urgencies.
- Helps bear expensive treatment costs
Treatment of injuries due to crackers can be an expensive affair. Expenses depend on the extent of the injury suffered and the hospital of treatment among others. Private clinics and nursing homes are more expensive than government hospitals. However, a firecracker insurance cover ensures that funds don’t come in the way of receiving top-notch care in case of an eventuality.
For example, Firecracker Cover from Bajaj Finserv covers expenses due to hospitalisation up to Rs.2 lakh. Not only this, it also covers road ambulance charges up to Rs.25,000.
- Covers loss of income due to disability
A temporary or permanent disability might impair your earning potential, resulting in a loss of income. A firecracker insurance policy guards against this loss. The Firecracker Cover from Bajaj Finserv covers loss of income due to disability up to Rs.1,000 per week.
- Prevents loss of no claim bonus on your health insurance
No claim bonus is a major benefit of health insurance plans whereby for every no claim year, the sum insured is increased by a certain percentage keeping the premiums same. This helps combat medical inflation to some extent.
A firecracker insurance cover ensures you don’t lose out on the no claims bonus offered by your health insurance. Also, your health plan may not cover the expenses for injuries suffered due to firecrackers. In such a scenario, a firecracker health cover is your most trusted ally. It prevents drying up of your savings while nursing injuries due to firecrackers.
- Helps you meet other financial commitments
Keeping your savings intact, a firecracker cover ensures you are able to meet other financial commitments such as paying insurance premiums, loan EMIs, credit card dues, etc., with ease. Default on any of these doesn’t augur well for your financial well-being in the long-run.
Thus, a firecracker insurance policy safeguards you financially from the implications of injuries sustained due to crackers. Avail it today and enjoy a stress-free Diwali.
