ON THE occasion of Father's Day every year, my children make me feel special in their own little way. However, there are moments when I wonder what if I can no longer provide them with the lifestyle that they have been used to? Such thoughts are enough to worry any father, which is why this Father's Day, I have gifted my family with the best gift a father could ever give them — financial security for their future.

Every father's responsibility, usually as the primary breadwinner of the family, is to ensure that his family does not have to face any negative impact due to an unexpected event. The impact could be worse in the case of an accidental death or disability. While health insurance is a great support in case of illnesses or hospitalisation, a personal accident insurance plan provides an additional cushion.

Securing the future with insurance: These days, with the rising number of accidents, it is crucial to have an insurance cover that takes care of your dependents in case of any misfortune arising from any such unforeseen situation. Like many of you, I too drive to work on a regular basis. Having seen and heard of innumerable mishaps on the road has made me realise the worth and advantage of a personal accident cover.

A personal accident cover is one of the most affordable forms of insurance that you can have.

For instance, the premium for a 35-year-old father for a personal accident policy of a sum insured of Rs 10 lakh would be less than Rs 5 a day. Looking at the bigger picture, this would be the best Rs 5 anyone could possibly spend on a daily basis.

In case of a bodily injury or death caused due to an accident, a personal accident cover kicks in.

This cover can give you up to 125 per cent% of the sum insured, in case of a permanent total disability.

What also matters largely in such situations is ensuring that your children are well taken care of, especially in terms of monetary provision for their education. A personal accident cover provides the dependents of the policyholder with a special bonus for children's education. This amount can ensure that the child's education does not get affected, thus making it a worthwhile feature in an insurance plan.

While Father's Day comes just once a year, the responsibilities of a father are unending. This year, my way of thanking my children would be by taking a personal accident policy, to ensure their peace of mind.

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