What is the primary purpose of accident insurance?

The primary purpose of accident insurance is to pay for injuries resulting from accidents. This type of insurance is designed specifically to offer financial assistance for medical expenses, treatment, and other costs that arise directly from accidental injuries. It focuses on providing coverage that corresponds to the unforeseen and often sudden nature of accidents, ensuring that policyholders have a way to handle the financial impact of such incidents without the burden of high out-of-pocket costs.

While covering regular medical expenses, providing financial support for disability, or serving as a retirement fund may also be important aspects of overall financial planning or insurance coverage, they do not represent the core function of accident insurance. Instead, those coverage types typically fall under health insurance, disability insurance, or retirement portfolios, which have different scopes and objectives. Thus, the specification of accident insurance being primarily for injuries due to accidents is what distinguishes it and solidifies the correctness of this answer.