Insurance Products
Personal Accident Insurance
Personal accident insurance covers death, permanent disability and treatment costs resulting from sudden, external accidents, on a 24-hour basis.
At a glance
- Status
- Optional
- Core cover
- 4 sections
- Quote turnaround
- Same business day
Unlike life insurance, personal accident cover applies only to accidents; illness-related events are excluded. In return the premium is far lower and cover extends across both working and private life around the clock. Traffic accidents, falls, burns, electrocution and workplace accidents are typical covered events.
The policy rests on three core benefits: accidental death, accidental permanent disability and treatment expenses. Disability compensation is paid as a percentage of the sum insured based on the assessed disability ratio. Daily benefit and accidental loss-of-income cover can be added.
Group personal accident policies are issued for employees, students, sports clubs and event participants. For businesses they provide a low-cost, fast-to-arrange layer of protection against workplace accident exposure and are best structured alongside an employer liability policy.
What Is Covered
- Accidental death
- Pays the agreed sum insured to beneficiaries on death caused by an accident.
- Accidental permanent disability
- Pays compensation to the insured based on the assessed disability ratio.
- Treatment expenses
- Covers hospital, surgical and medication costs following an accident up to a set limit.
- Daily benefit (optional)
- Pays a daily amount for days unable to work due to an accident.
Who Is It For?
- Staff working in physically demanding roles
- Drivers, field workers and technical teams
- Amateur athletes and physically active individuals
- Student groups, training providers and event organisers
What Is Not Covered
- Death and disability caused by illness
- Accidents occurring under the influence of alcohol or drugs
- Professional competition and hazardous sports unless extended
- Self-inflicted injury and events during criminal acts
What Affects the Price
Premiums vary between insurers according to the factors below. We compare 27 partner insurers to find the best fit for your profile.
- Occupational risk class and working environment
- Chosen benefit amounts
- Number of people insured on group policies
- Whether optional extensions are included
Frequently Asked Questions
How does this differ from life insurance?
Personal accident covers accidents only; life insurance can cover all causes of death including illness. Personal accident premiums are markedly lower.
Are workplace accidents covered?
Yes, where the policy is issued on a 24-hour basis. It is best used alongside an employer liability policy.
How are group policies arranged?
A single policy is issued from a list of names, national ID numbers and occupations; the list can be updated during the year.
How is disability compensation calculated?
The disability ratio set by a medical board is multiplied by the sum insured to determine the payment.