What’s the smartest thing you have done to look out for yourself when life throws elements of surprise your way? Many would say, having savings for rainy days, building wealth, or investing. But in an instance where an accident or medical emergency occurs, what is going to happen to you and those around you emotionally and financially?

This article will tackle one of the smartest things to do – taking up Accident Cover!

What benefits does Personal Accident Insurance (Accident Cover) offer you?

Even though benefits come with exclusions and limits, there are many benefits that come in different plans for you to choose from.

These benefits usually include:

• Emergency casualty visits
• Ambulance and stabilisation
• Casualty for in-hospital cover for heart attacks and strokes
• Casualty for in-hospital cover for accidental injury

Accidents happen every day. Now imagine being in an accident with no Accident Cover. You may go through more than just the pain of the unfortunate accident but also poor healthcare. Sometimes, you may not receive the thorough care and treatment you deserve which may cause more complications to your health.

The benefits you get from Accident Cover ensure that you are covered from the time you need to be transported to a health facility and if necessary, in-hospital treatment.

It is important to note that these benefits only apply to accidental injury, heart attacks, and strokes and therefore do not include any other illnesses. However, depending on the insurance company and the terms of their personal accident cover, one might be able to purchase an illness buy-up which adds to the benefits of the Accident Cover.

Why choose Accident Cover?

Peace of mind and family security

Having Accident Cover gives your family financial protection by ensuring they do not worry about the costs.

Accidents can have a significant impact on your physical, emotional, and financial well-being. This unfortunately includes death or disability. It can take a while to adjust to the impact. Sometimes, these circumstances may affect your ability to earn an income. It is in times like this when you’ll need all the financial help you can get, which is why some insurance companies will payout a lump sum to cover costs due to loss of income. Of course, this is subject to the policy terms of exclusions, limitations and claims.

Easy claim process

Fortunately, you do not need to claim. The healthcare providers within the network need to submit a claim to the insurance company who will pay them for you. The process is easy. You submit an application form to the insurance company (either online or offline) and once the insurance company assesses that it’s a valid claim, the claim amount is paid out.

Other types of Accident Insurance include Accidental Disability Cover and Accidental Death Cover.

We hope this short guide helps in choosing the right Personal Accident Cover if you are seeking a cost-effective way of staying prepared.

Not all Accident Cover plans are the same and benefits as well as limitations may vary. Descriptions of benefits given are meant to be for general educational purposes only and you must ensure that you seek the advice of a broker to ensure any product choice you make suits your individual needs.