Overview
Personal accident insurance pays a fixed benefit if an accident causes death or disability. Some plans also pay for temporary loss of income and medical costs.
What is usually covered
- Accidental death
- Permanent total or partial disability
- Temporary total disability (plan dependent)
- Accidental medical expenses (plan dependent)
What is usually not covered
- Illness or natural death
- Injury from self-harm or intoxication
- Hazardous activities not covered by the plan
Who needs it
- Daily commuters and field workers
- Self-employed people
- Anyone who wants extra protection on top of health and life cover
Frequently asked questions
How is it different from health insurance?
Health insurance pays treatment bills. Personal accident pays a benefit for death or disability from an accident.
Is it expensive?
Premiums are usually low compared with the benefit amount.
Exact cover, exclusions and limits vary by insurer and plan. Always read the policy wording before buying.