Why is Personal Accident Insurance relevant for me?

A Personal Accident (PA) Insurance is designed to provide financial protection and financial burden relief to you (the insured) against the risk of accidental death or bodily injury happening to you. Upon accidental death of the insured, this policy will pay a sum of money to his beneficiary (usually the dependent). Another important function is to help mitigate loss of potential future income and to fund additional expenses incurred due to any disability condition and therefore unable to conduct his usual occupation or work.