Can people be declined of the personal accident insurance based on his/her occupation?

Being blind is a disability and that is why the government is granting them a lot of benefits. Since there are some tests that will do to babies to check if they really are visually impaired, it will cost a lot. But since insurance covers it, there is nothing to worry about. Even though the insurance is not specifically due to blindness, there is nothing to worry about because the medical insurance part will cover it.

If I am correct, I think you are trying to ask that if start claiming from the insurance company, will they have the money to pay you when you die. First and foremost, it's a contract. Insurers pay billions in claims yearly. Secondly, the premium you pay insurance is invested so they'll be able to earn and pay you back when you die. Number three, all risk is already factored in. Some people will die earlier, others later, while some will cancel, and majority won’t even claim. All this is already priced in and you're paying fair value plus some mark-up for the risk you're passing on to the insurance company. Number four, there is regulation to make sure Insurers have enough money to pay claims. Lastly, insurance companies are reinsured by bigger insurance companies. So don't worry, keep paying your premiums, and you'll be able to claim.

No there is no possible outcome that the insurance company will or will be able to give you such a punishment as that that insurance companies are not given that form of power especially in issuing such moves such as sueing an individual for the inability of payment but the insurance agreement that was agreed upon maybe voided if not enough funds are present in the account of the client

It is a good thing that you are taking an interest in investing money on your insurance. There are not 1, not 2, but over 20 different types of insurance. The most common tupes are Life, Health and Travel Insurance but there are also Home, Child, Maid, Car, Pet and Personal accident insurance as well.

Getting insurance is a safe way to save up money for the later use if ever someone is sick or something happened unexpectedly and needs to pay some bills. Some people ask if even kids get insurance. First, children qualify for full insurance coverage without exclusions. Insurers don’t cover ailments or conditions you have before you buy their plans. Second, premiums will be very cheap because children with clean bills of health are considered low risk cases from the insurer’s point of view. From here, insurance premiums can only go up

Put simple, term insurance is cheaper if you're planning to stay covered for the next 10 to 20 years and less than 70years in general. Whilst the whole life insurance is cheaper if you prefer coverage until 99years with limited payment term. You can opt for a mix of both the whole life and term plans, where the whole life plan covers your final expenses and/or daily expenses for you and your family in the event of untimely death or critical illnesses. Also term plans of about 10 to 20 years can come in handy if you have new-borns as extra coverage will be needed during the years when your children are growing up. In conclusion, there are no right or wrong in planning like this. How much to buy and what to buy depends on what your priorities are.