Whether it be auto insurance, a retirement annuity, or funeral coverage, the majority of us carry some kind of insurance policy.

Gallery

Contact

+1-800-456-478-23

411 University St, Seattle

info@insure.co.za

Twitter Facebook-f Pinterest-p Instagram

Personal Accident Insurance for Individual and Family

Personal Accident Insurance

Accidents are always unpredictable, and the same is true of their outcomes. Therefore, purchasing personal accident insurance can help to reduce the financial burden associated with such terrible occurrences. This insurance provides defense against unintentional death and disability.

What is Personal Accident Insurance?

Personal accident insurance provides financial security not only for unfavorable outcomes following accidents but also for lost wages as a result of the accident. This insurance covers any unpleasant occurrences brought on by collisions, fires, explosions, and other mishaps on roads, trains, and in the air. If you sustain a disability as a result of the accident that prohibits you from working, the insurance also provides financial compensation. As a result, the insurance also provides a monthly income to support your way of life.

Additionally, a rider for life insurance may include this insurance. The policyholder will not, however, be able to take advantage of all the advantages offered by a standalone insurance in such a circumstance.

Types of Personal Accident Insurance

Individual personal accident insurance and group personal accident insurance are the two main categories of personal accident insurance.

  • Individual Personal Accident Insurance: The first form of insurance is designed for individuals and provides more coverage than group insurance. It includes not just accidental fatality but also temporary and permanent disability.
  • Group Personal Accident Insurance: Employers offer their employees this type of insurance. Such plans provide only the most fundamental insurance protection; they are exempt from the standalone policy's benefits.

What is covered in Personal Accident Insurance?

Disablement

This insurance can assist in providing financial protection if an accident results in entire or partial disability (such as the loss of limbs or vision).

Accidental Death

Your dependents will receive financial protection in the tragic event that an accident ends in death (and we sincerely hope that never occurs), as well as assistance with burial and transportation costs.

Hospitalization Expenses

If you are in an accident, you will be reimbursed for pre- and post-hospitalization costs such road ambulance fees as well as items like room rental, diagnosis, and daycare treatments.

Loss of Income

We will pay a weekly benefit amount if you experience a Temporary Total Disablement and are unable to work for a while.

Benefits for Children

In addition to supporting you, this policy will also pay for specific benefits for your dependant children, such as college or wedding expenditures, if the worst happens and you suffer a permanent total disability or pass away as a result of an accident.

Adventure Sports

You will be covered if you unintentionally hurt yourself while participating in adventurous activities like skydiving, bungee jumping, or scuba diving (under qualified supervision).

What is Not Covered?

A Personal Accident insurance won’t protect you in some circumstances, such as

  • Unfortunately, your accidental injury won't be compensated if it was brought on by terrorism or conflict.
  • In the event that you were using drugs or alcohol at the time of the injury.
  • When you were engaging in some sort of illicit activity when the accident occurred.

Frequently Asked Questions (FAQs)

Yes, a personal accident insurance policy offers coverage throughout the world.

For a desk job, the danger is low, but since unforeseen events can happen at any time, it is always preferable to be ready for them.

No. A medical exam is not required in order to obtain a personal accident coverage.