Hi All,
Is there any Maximum Limit on the sum insured for the general insurance product – Personal Accidental Death Insurance/ Disability Benefits.
I am aware that ther is a max. limit fixed by Insurance companies for Term cover based on Age, Annual Income, etc.. [I have taken HDFC Click2Protect for adequate sum]
Currently, I am working in Private Sector Company, which is offering 10 Lakh as sum assured for the employees.
As per the discussions in this blog, I wish to take a seperate Personal Accidental Death Insurance Policy, in case of any misfortunes, etc.
Kindly give ur thoughts…