With enrollment open just around the corner, the most sought-after type of insurance supplemental that gets considered is accident insurance. Accident insurance, an indemnity product typically sold on the Jobsite, provides scheduled benefits in the event of injuries or other accidents that result in a condition. The accident insurance coverage covers the treatment of dislocated and broken bones, hospitalization, emergency health visits, and much more. The purchasers are aware that they may be liable for out-of-pocket costs or deductibles that the underlying medical insurance will not be able to cover.
The cost of the premium is reasonable. These expenses can be significant financial burdens when serious accidents happen like the crash of a motor vehicle or severe falls, as well as other injuries. Insurance coverage for accidents typically includes the option of 24 hours or off-the-job insurance.
Advantages of the Accident as Well as the Critical Illness Sales Combination
One obstacle to success in Accident and CI sales has been the need to educate customers to be aware of their out-of-pocket risk when a medical crisis arises. The knowledge is already in place when advertising to customers who have already purchased Critical Illness or Accident coverage.
Customer Awareness Is a Common Theme Across – The Supplemental Health Space Individuals who’ve bought either the insurance for accidents or Critical Illness insurance already have an awareness of the risk they face. Therefore, they are perfect candidates to comprehend the benefits and value of other health supplemental products that offer more protection.
Improved Employer Experience – Employers are more likely to collaborate with the same company across benefits to provide an enhanced experience from ease of administration to consistent customer service.? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?
Human Resources Boost – Employers can assist employees in feeling more secure in the present world by providing them with an additional benefit item.
The market for accidents is highly competitive, but a tiny bit of innovation could help. Ottawa Life insurance is here to assist you in your personal and business insurance needs. Call us at (613) 454-1424 or email us at info@ottawa-lifeinsurance.ca for further information.
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