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Personal Accident Insurance

Transportation accidents caused lately increased, even the NTSC (National Salvation Committee Chairman transportation) recorded death toll from transportation accidents increased 174 percent during 2011 when compared to 2010. Most accidents are caused by human error factor of 52%. While technical factors reaching 42% and 6% environment.

Of course no one expects the coming disaster or accident victims, but unexpected things can happen anytime and anywhere. It's good to know what is personal accident insurance article?

Personal Accident Insurance (Personal Accident Insurance) is a life insurance product that provides protection accident if the insured had an accident that resulted in death or permanent disability all or part of a limb.

Benefits and Protection Types Accident Insurance (Personal Accident Insurance)

If you die in an accident in the coverage period, the beneficiary will receive compensation amounting to 100% of the Sum Assured.
If you experience total permanent disability due to an accident in the insured period, the beneficiary will receive compensation amounting to 100% of the Sum Assured.
If you are experiencing a partial permanent disability due to accident within the coverage period, will be given compensation amounting to a percentage of the sum assured (in accordance with applicable regulations).
If you are experiencing a hospitalization due to an accident within the coverage period, then the hospital will be given compensation up to a maximum of 10% of the sum insured for any accidents. The maximum total benefit payment is 50% of the sum assured in the first policy year for several accidents

Personal Accident Insurance (Personal Accident) would shift the risk of financial loss to you / family experience when the unfortunate accident, but can not prevent you from disaster risk itself.


Source: insurance tips