Term cover is not enough, buy personal accident cover too: Experts

This policy is especially handy when an accident results in disability, impairing a person's earning capacity

Businessman Cyrus Mistry’s death in a car crash on September 4 has brought the risks related to road travel into the national spotlight. It has also highlighted the need to purchase a personal accident (PA) insurance cover.
 

What's covered
 

Even if a person has a term insurance cover, he should still buy a PA cover. “A PA policy provides coverage against accidents leading to death, disability (partial or complete), and bodily injuries,” says Naval Goel, founder and chief executive officer (CEO), PolicyX.com.
 

While a term insurance cover will make a payout on death, it will not pay anything if a