Personal accident insurance is an agreement between the insurance company and the person insured where the former will provide financial compensation to the latter or hisher family in case of permanent disabilitydeath caused directly and only due to any accident.

Personal accident insurance definition australia. Personal accident and income protection insurance are designed to replace your income if youre temporarily unfit to work. It can protect you and your family against loss of income and help them with bills and other expenses. Its a versatile product which can be tailored to meet the individual needs of small to large businesses across all industries through to Multinational corporations and can.

I signed up for Personal Accident Insurance a few years ago and Im so glad I did. Cover can be arranged by you referred to as the insured to cover yourself or some other person referred to as the insured person. In the event that youre unable to work in the wake of an accident causing injury or due to illness your personal accident insurance policy will provide you with a weekly income for a set period of time.

I was walking outside a shopping. We support injuries within the last 3 years. Ad Child Cover Active Lifestyle Cover Healthcare Cover.

An accident in Australia and 25000 for accidental death 50000 cover level pays from 500 to 15000 for particular injuries including certain fractures and burns if you have an accident in Australia and 50000 for accidental death. Ad Child Cover Active Lifestyle Cover Healthcare Cover. We support injuries within the last 3 years.

If you were temporarily unable to work due to the accident or illness your cover could pay you a benefit of up to 85 of your salary. The cover is generally available regardless of whether or not you sustain injury or develop an illness due to your work. A workplace accident or injury.

Well help you get the compensation you deserve. However personal accident insurance sometimes referred to as personal injury insurance only covers you for accidental injuries whereas income protection can pay you if youre sick or injured. AIG Group Personal Accident and Illness Insurance can provide accidental injury and sickness benefits for employees and their dependents or insure the company against the financial effects of the loss of employee services.