Personal Accident Insurance

This insurance product provides monetary compensation for death and physical dismemberment / disablement caused by accidents. Medical indemnity and protection against death by murder and assault may also be provided. Non-accidental death benefit due to natural causes may also be provided subject to approval of the company.

Types of Losses Caused by Accidents:

  • Death
  • Disability
  • Dismemberment
  • Loss of sight, hearing or speech
  • Loss of income
  • Medical expenses
  • Burial expenses

Coverage of Personal Accident Insurance Types:

  Accidental Death & Disablement Unprovoked Murder & Assault Accidental Medical Reimbursement
Individual 100% 50% 5 – 10%*
Group 100% 50% 5 – 10%**
Student 100% 50% 5 – 10%***
Family 100% 50% 5 – 10%****
Travel 100% N/A 10%*****

NOTE:

* 5% for moderate occupational hazard & 10% for limited occupational hazard

** Maximum allowable coverage of P 100,000 per employees with moderate occupational hazard

*** Maximum allowable coverage of P 60,000 per student with the exception of pre-school or nursery students

**** 50% of the principal’s coverage for spouse & 10% of the principal’s coverage for dependent

***** Maximum of P 50,000