Personal Accident coverage protects policyholders and their loved ones against the universal risk of accidental death or disability.

In the event of such accidents, the insured and estate get monetary compensation to offset the income loss and any expenses incurred.

The most frequently available Personal Accident benefits are:

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Death - This is payable in the event of loss of the insured’s life

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Disability - There are different degrees of severity, from partial to permanent total disability, depending on the availability and type of scale used. This benefit can also come in the form of either a lump sum payment or a fixed amount paid out regularly over a period of time

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Medical Reimbursement - This is to ensure that the insured is compensated for any expenses incurred when seeking treatment for injuries suffered in the event. This is usually subject to a minimum amount and the limit is clearly stated

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Hospital Income - This provides the insured with cash for each day of hospitalization due to accident. This cash can be used for all purposes