Types of Personal Accident Insurance You Should Know
Personal accident insurance covers death, disability and hospital costs. Learn the claim conditions and the four policy types: individual, group, family and trip.
One type of insurance every worker, including salaried employees, should have is personal accident insurance. It protects against financial losses caused by accidents at work. Because accidents can happen to anyone, especially on the job, personal accident insurance should be taken out either individually or by a company on behalf of its employees.
Personal accident insurance is part of Indonesian labor regulations designed to protect people while they work. It covers compensation for risks such as death, permanent disability, temporary disability, and hospital treatment costs. The insurer will pay compensation to the insured person under the following conditions:
Contents
- The cause of the accident is unexpected or sudden.
- The cause of the accident is not intentional or staged.
- The cause of the accident involves violence.
- The cause of the accident must be clear.
- The accident is something the insured did not want to happen.
- The result of the accident must be a clear physical wound or injury.
- The link between cause and effect must be strong.
By type, accident insurance is divided into:
1. Individual Personal Accident Insurance
This type of policy covers one person only.
2. Group Personal Accident Insurance
This type of personal accident policy is intended for a group of people. The minimum number of participants is 25. Companies often use this policy to enroll their employees.
3. Family Personal Accident Insurance
This type of personal accident policy covers the whole family, consisting of father, mother and children. Coverage is set at 100% for you, 50% for your spouse, and 10% for your children.
4. Trip Guard Personal Accident Insurance
This policy is intended for people who plan to travel. The insurance covers the risk of an accident. The coverage period lasts for the length of your trip and can be extended once.
Each of these types offers different benefits, depending on your insurance needs. If you want personal accident insurance for yourself, choose wisely based on what you need.
