Personal Accident Cover is an insurance policy designed to provide financial protection in the event of bodily injury sustained by the insured. Whether you are commuting to work, enjoying leisure activities, or simply going about your daily life, it is important to have the right insurance cover in case of an accident.
Understanding Personal Accident Cover
Personal Accident Cover compensates you or your beneficiaries for loss of income or additional expenses incurred due to an accident. This type of insurance typically provides benefits in cases of permanent disability, temporary disability, or accidental death. The aim is to help you manage the financial burden during challenging times, ensuring that you and your loved ones are supported.
What does it cover?
Personal Accident policies vary, but they generally cover:
- Medical expenses – Personal accident insurance policy also covers expenses to be incurred while seeking treatment on reimbursement basis up to a determined limit (limit in the option selected).
- Permanent and total disability – Accidents can sometimes cause permanent disability such as loss of vision, hearing or loss of speech to an individual and in such a case, the personal accident insurance policy pays a certain amount depending on the nature of disability.
- Permanent partial disability – In this situation, the policy covers the insured in the case of permanent partial disability such as loss of one limb or one eye.
- Temporary total disability – This benefit is provided in cases where an individual is totally disabled and would not be able to work but only for some time. For example, someone could break his/her leg and due to the subsequent fracture, they will not be able to work for a while. In such cases, the personal accident cover will provide for the loss of income for those in gainful employment and cover medical expenses for those in self-employment.
- Accidental death – If the policyholder dies due to an accident, the personal accident insurance policy provides 100% of the sum assured to the beneficiary mentioned in the policy.
Who needs a personal accident cover?
Personal Accident Cover is ideal for anyone who wants to safeguard their financial well-being against the uncertainties of everyday life. It is particularly beneficial for:
- Individuals whose income is crucial for supporting their family
- People engaging in adventurous activities
- Anyone seeking to supplement existing insurance coverage, ensuring no financial gap in the event of an accident.
How much does it cost?
Premiums depend on factors such as age, occupation, lifestyle, and the level of coverage chosen. It is best to get a personalized quote to understand your cost.
Is it a substitute for health insurance?
No, a Personal Accident Cover is designed to complement, not replace health insurance. While it offers financial support after an accident, it does not cover routine medical care or illnesses.
Can I choose my coverage amount?
Yes, many insurers allow you to tailor your coverage to match your financial needs and risk level.
At CIC Group, we believe in empowering you with the knowledge and protection needed to navigate life’s uncertainties confidently. Explore your options today and secure a safety net that adapts to your life.
For more information on personal accident insurance cover, feel free to call 0703099120 or email us at callc@cic.co.ke. Visit easybima.cic.co.ke to get covered today.
