RSS FeedWhy you NEED a personal accident policy Rediff
Teena Jain Kaushal examines why you need to get personal accident policy, now.
C hances are high that you already have some insurance policies -- life, health and motor -- and feel absolutely protected. You may have hardly felt the need for a personal accident policy as you were told that existing plans already cover all your risks.
But, perhaps, you are making a hurried decision. Is your life cover (with a rider) as comprehensive as a standalone personal accident policy?
A standalone personal accident policy covers you at nominal premium rates compared to a life insurance policy. Also, the former scores in terms of coverage, including loss of income and minor injuries.
A personal accident policy is recommended to individuals not only to protect their families in the event of accidental death (which life insurance already does), but also to cover disablement, leading to loss of earning capacity, at competitive premium rates.
"It is all the more important for those who have taken loans (mortgage loan, vehicle loan, personal loan, etc.) to take the personal accident cover because this would offer protection towards repayment of outstanding balances at the time of any accident affecting the repayment capabilities," says Ajay Bimbhet, managing director, Royal Sundaram Alliance Insurance.
Company News
PAKISTAN SERVICES LIMITED - Analysis of Financial Statements June 2002 - June 2008
OVERVIEW (June 22, 2009): Pakistan Services Limited, is an international public company, incorporated in 1958 in Karachi under the Companies Act, 1913 now Companies Ordinance, 1984 as a public limited company and is quoted on Karachi Stock Exchange. The company is principally engaged in hotel business and owns and operates the chain of 5 Pearl Continental Hotels in Pakistan at Karachi, Lahore, Rawalpindi, Peshawar and Bhurban.
Cement: BESTWAY CEMENT COMPANY LIMITED - Analysis of Financial Statements Financial Year 2003-3Q'09OVERVIEW (June 20, 2009): Bestway Cement Company Ltd (BWCL) is a subsidiary of Bestway Group of United Kingdom. It was listed on Karachi Stock Exchange in February 2001. The company is a major manufacturer and seller of cement. It has a domestic market share of 8%.
BALUCHISTAN WHEELS LIMITED - Analysis of Financial Statements Financial Year 2005 - 2003 Q 2009OVERVIEW (June 19, 2009): Baluchistan Wheels Limited was incorporated in Pakistan on June 16, 1980. It is engaged in manufacturing and marketing of automotive wheel rims for trucks, buses, tractors, cars and mini commercial vehicles. It is a vendor participating in import substitution, supplying wheels to Original Equipment Manufacturers (OEMs) and is associated with world renowned OEMs.
Insurance: PAKISTAN REINSURANCE COMPANY LIMITED - Analysis of Financial Statements C Year 2003 - 2001 Q C Year 2009
OVERVIEW (June 18, 2009): Formerly called the "Pakistan Insurance Corporation", PRCL is the only professional reinsurance organization operating in Pakistan. The principal business of the company is provision of insurance and reinsurance services in all classes except life. The organization became a company in 2001.
Bank: ASKARI BANK LIMITED - Analysis of Financial Statements C Year 2004 - C Year 2008
OVERVIEW (June 17, 2009): Formerly known as "Askari Commercial Bank Limited", Askari Bank Limited was incorporated in Pakistan on October 09, 1991 and commenced its operations in April 1992 as a public limited company. The bank is registered on all the three stock exchanges of Pakistan. The bank has 200 branches (2007: 150 branches), 199 in Pakistan and Azad Jammu and Kashmir, including 18 Islamic banking branches.
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A good enough reason to leave something behind after you've gone...
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