Personal accident insurance is designed to compensate for income loss as a result of an accident or injury. Find companies here where you can get this kind of insurance.
A personal accident insurance policy is a type of general insurance that provides benefits in the case of accidental death, disability and injury. The benefits usually cover all phases of suffering an accident, from evacuation to hospitalisation and treatment, rehabilitation and recovery. Personal Accident Insurance offers you accident coverage in the event of accidental injury or death. Death or permanent disability - the policy will provide a lump sum payout to your beneficiaries within 12 months of the accident.
Unlike a health policy, with a personal accident policy, you are covered against any accidental death and your nominee gets 100% of the chosen sum assured. In the case of permanent total disablement also, you get 100% of the sum insured payable.
If you’re a young professional who has just started your career, there are so many things that you have to consider! You have a busy life––from dreaming of travelling to that dream destination, paying bills, juggling with increased responsibilities at work, to finding time to hang out with friends and family. The last thing that’s probably on your mind is insurance. Why would you think of insurance when you are this healthy and young and have so many other responsibilities to consider?
Well, it turns out that the best time to think about insurance is when you are healthy and young.
For young professionals, a comprehensive insurance plan is a great, cost-effective measure to provide your loved ones with the kind of financial security and protection against any potential accidents.
Okay, so which insurance should you consider? There are so many options out there––but picking the one which suits your needs and budget is key.
If you’re a fresh graduate or a young professional just starting an exciting new chapter of your life, personal accident insurance is a great option for you. While health and life insurance policies cover your finances with regards to certain parts of your life, the supplemental coverage from a personal accident insurance plan is a worthwhile addition and should be considered. In general, typical personal accident plans cover death, permanent and partial disability, income replacement benefit, medical expenses coverage and daily hospital income benefit in the event you sustain injury due to an accident. Consider getting a personal accident insurance policy if you are looking for something that’s not too complicated and has an affordable premium.
Personal accident insurance is an important addition to your insurance portfolio. Not many people know what personal accident insurance is and how it can aid you financially. Personal accident insurance is a comprehensive general insurance plan that provides you with financial support and protection in the case of sudden and unforeseen accidents. The types of coverage can range from fractures to severe burns and even hospital stays are covered, which may include long-term hospitalization. So now that you know what personal accident insurance is, do you know why you should get one?
There are many insurance companies and brokers in Zambia that can help you get this cover and they are listed in this category,