Personal Accident Insurance

The impact of an accident may not be confined to the moment it happens

An accident occurring in everyday life does not cause a physical injury alone.

Consequences such as the treatment process, temporary or permanent incapacity, loss of income or death can also directly affect the financial position of the individual and their family.

Personal Accident Insurance provides for the bodily consequences that may arise following an accident defined in the policy, and the related financial losses, to be assessed within the framework of the specified cover, limits and terms.

Which benefits can be arranged?

Depending on the policy structure, the following benefits can be arranged:

• Accidental death
• Permanent disability resulting from an accident
• Medical expenses arising from an accident
• Daily benefit for temporary incapacity
• Other additional benefits subject to the policy terms

The scope, limits and exclusions of the benefits vary according to the chosen policy structure.

An accidental consequence is not the same as illness

Personal Accident Insurance rests fundamentally on a sudden and unforeseen accident.

For this reason, medical costs arising from illness and bodily harm resulting from an accident are not the same subject of insurance.

The following elements are considered together when assessing whether an event falls within the scope of the policy:

• How the event occurred
• The connection between the accident and the bodily harm
• The policy's geographical scope
• The benefits selected
• Exclusions and special conditions

Who can it be assessed for?

Personal Accident Insurance can be structured according to different ways of living and working.

For example, different benefit structures can be assessed for the following individuals:

• People in active employment
• Self-employed professionals
• People who travel frequently
• Those with a high level of physical activity in daily life
• People exposed to particular occupational or personal risks

What matters here is not simply the individual's age or occupation, but the assessment of daily living and working conditions together.

How is the cover determined?

The following elements are considered together when preparing the policy:

• Age
• Occupation
• Type of activity
• Daily and occupational risks
• The requested death and disability limits
• The need for medical expenses cover
• Geographical scope
• Requests for additional benefits

As a result of this assessment, cover and limits appropriate to the individual's risk profile are determined.

The financial consequence of an accident

An accident can happen within a few seconds.

However, the financial consequences linked to treatment, recovery or loss of earning capacity can continue for far longer.

For this reason, the central concern in Personal Accident Insurance is not merely the occurrence of the accident, but the accurate assessment of the financial impact the accident may have on the individual and their family.