Life is full of uncertainties, one never knows as to what is going to happen next. With the streets being what they are, and with traffic jams galore! not to mention the perennial snarls!! The less said about our sense of direction or “Road Sense” the better.

People blissfully jaywalking, the traffic police conveniently looking the other for a “small consideration” of course! The sordid fact is that one can literally walk away, flouting all the rules. It is certainly imperative to get one’s life insured, not just for your sake, but also for the sake of the ones’ you love as well. We have two major Insurance Companies namely :

• The Life Insurance Company of India. (LIC)
• The General Insurance Company of India. (GIC)

Whilst LIC deals with insurance for life coverage only, the GIC deals with the other aspects of insurance,namely health. GIC has four sub–branches covering health.They are:

• The New India Assurance Co. Ltd.
• The National Insurance Co. Ltd.
• The Oriental Insurance Co. Ltd.
• The United Insurance Co. Ltd.

The above four companies are subsidiaries of the parent company namely:

The General Insurance Co. They have a wide insurance coverage, ranging from automobiles, house–hold items, baggage, cargo, maritime, theft fire etc. Highlighting the health aspect of Insurance and its coverage, we have:

• The Personal Accident Insurance.
• Mediclaim.

The Personal Accident Insurance Policy covers individuals and/or their families with insurance coverage, the details of which are mentioned below. Considerate amounts are being paid by the Insurance Companies to the Insured, in the unfortunate event of any disablement or death, all depending on the amount for which the Individual has been insured (also known as the Capital Sum). If for convenience sake, an individual is insured for a sum of Rs. 1,00,000/– In the event of death or disablement, the following benefits will be offered

Benefits

Death only	Rs. 1,00,000/–
Loss of two limbs, two eyes or one limb and eye	Rs. 1,00,000/–
Loss of one limb or one eye	Rs. 50,000/–
Permanent Total Disablement (PTD) from injuries other than those named above.	Rs. 1,00,000/–
Temporary Total Disablement. (TTD)	Rs. 1,000/– per week.
Not exceeding	Rs. 3,000/– per week.

Various other benefits as mentioned above, are extended in various other categories of disablement. They cover family members ranging from the age limit of 5–70 years. The coverage is world–wide There is a cumulative bonus offered for non–claimant and also renewal of policy within 30 days of expiry.