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:
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