Accident Insurance
Personal Accident insurance or PA insurance is an Yearly policy which provides compensation in the event of certain injuries, permanent disability or death caused by accidents. It is different from life insurance and health insurance.
Personal accident cover is designed to provide financial help if you have a serious accident or injury, or if you suffer a fatal accident.
With personal accident cover, you pay a yearly premium which usually remains the same during the length of the policy. You will receive a cash benefit if you have an accident which results in a serious injury during the policy term. The cover also helps to ensure your family is provided for if you have a fatal accident.
Personal accident insurance gives you coverage almost anywhere in the world and a medical is not required before you take out the cover. You may also add your children to your policy – but they will have a reduced level of cover.
Please follow the link for a full copy:
| Schedule of Benefits | Benefits as a percentage of the Sum Insured per Insured Person |
|---|---|
| Scale 1 Benefits | |
| Accidental Death | 100% |
| Total and irrecoverable loss of sight in one or both eyes | 100% |
| Total loss of one or more limbs | 100% |
| Total and irremediable loss of use of two or more limbs | 100% |
| Permanent Total Disablement | 100% |
| Total and irremediable loss of use of one limb | 100% |
| The aggregate total of all percentages payable in respect of any one accident shall not exceed 100%. The total amount payable in respect to any one injury shall not exceed the Sum Insured per Insured Person. |
We understand insurance can be confusing and that it is one of the most important decisions you will make to protect yourself, your family and your employees. nib NZ Limited has an experienced team of customer service representatives who are waiting to answer any questions or comments you may have.
CONTACT US