Personal Accident insurance or PA insurance is an annual policy which provides compensation in the event of injuries, disability or death caused solely by violent, accidental, external and visible events. It is different from life insurance and medical and health insurance.
You can either take a PA policy for yourself or a group policy for your family, protecting you and them anywhere in the world, anytime of the day. PA insurance provides 24-hour worldwide insurance protection.
The scope of cover and scale of benefits differ between insurance companies and you should therefore ensure that you purchase a policy which meets your requirements. The types of coverage normally provided under a PA policy include:
- Accidental death
- Permanent disablement
- Medical expenses
- Temporary total or partial disablement
- Corrective surgery
- Hospitalization benefits
Why Personal Accident Insurance is Important?
According to Utusan Malaysia, a total of 20,225 case of accidents while to and from work were reported from January to September 2013. Even motorcyclists accounted for 85 percent of the total accidents reported involving workers aged 40 years and below.
Colleague in one’s office, friends and relatives stories of such incidents are common enough to give us a daily reminder that accidents can happen to anyone and that they come without prior warning. An injury arising from an accident or a physical disability can lead to financial hardships arising out of loss your livelihood and job.
Probably PA policy cannot get your leg back in the same healthy state, but it can cover your financial losses you might suffer as a result of losing your mobility, suffering a disability that affects your earning capacity or even loss of work arising from your accident.
Probably PA policy cannot get your leg back in the same healthy state, but it can cover your financial losses you might suffer as a result of losing your mobility, suffering a disability that affects your earning capacity or even loss of work arising from your accident.
http://www.insuranceinfo.com.my
http://www.tecrewards.com/
http://www.smartaboutmoney.org/
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