Personal accident plans help you and your family in the case when you experience injuries, deaths, and disabilities. There are several factors to consider when buying a personal accident plans, which we briefly discussed in the past. You can buy personal accident plans in several ways. Firstly, you can buy them as a standalone plan. Personal accident riders, on the other hand, are complementary plans that you add onto your existing plans to enhance your plan coverage. The question is -should you buy standalone personal accident plans or personal accident riders to your other existing plans? In this article, fundMyLife lists various considerations to make when deciding which to buy.

Range of products

If you choose to buy standalone personal accident plans, there is a great variety out there.  Besides the mainstream life insurance companies you can buy from, e.g., Great Eastern, Prudential …