It is a type of insurance coverage that provides financial protection in the event of accidental death or severe injuries resulting from accidents. Risk insurance typically pays out a predetermined sum of money, known as the death benefit, to the designated beneficiaries if the insured person dies due to an accident covered by the policy.

In addition to accidental death, Risk insurance may also provide coverage for other specified events such as the loss of limbs, sight, hearing, or paralysis resulting from accidents. The specific coverage and benefits vary depending on the policy terms and conditions.

It’s important to note that Risk insurance is different from traditional life insurance as it primarily focuses on accidental deaths and severe injuries rather than covering deaths from any cause. Policies may have certain exclusions and limitations, so it’s essential to review the policy terms carefully before purchasing Risk insurance.