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Life insurance is preferred by people which is costlier in terms of payment.why not personal accidentis opted?

personal accident policy is cheaper which has table of benefits costing around 200rs/lac.Life insurance proves to be costlier in terms of premium&in long run.whereas general insurance is short term contract costless too

Public Comments

1. accident and sickness polices pay out in less than 2% of the cases! Chances of dying in an accident are VERY slim...that's why people don't buy those policies...
2. You can easily check life insurance quotes in internet, for example here - lifeinsurance.awardspace.info
3. Buying accidental death coverage instead of life insurance, is like buying car insurance, if you get hit by a blue car. Most people don't die via an accident - which makes that cheap rate MEANINGLESS, because it's most likely not going to pay out.
4. Accidental policies don't generally pay out because people don't usually meet the definitions under the accident provisions, especially if they have a heart attack, stroke, cancer, etc.... Also, when you buy an accident policy in lieu of life insurance you're basically saying that you love and want to take care of your family if you have an accident, but not if you have cancer. A life insurance policy is all inclusive.
5. because accident insurance rarely pays out. you have to die by bodily injuries to receive such payment. its really a complete waste of money. with ordinary life insurance, it pays out no matter how you die. I've bookmarked this site... http://www.123thebest.info/go.php?link=insurance Hope that helps.