Personal Accident Insurance
INTRODUCTION:
Human life is precious and cannot be measured by money, but then accident is accident. Unpredictable and unforeseeable, it can happen to anyone anywhere. Accidental death, disablement, and bodily injury all come unasked for
You don not know when it happens, but with our Personal Accident Insurance Policy, you know that if it does happen, your family, your employees, and you-yourself will be fully covered with all expenses incurred.
DEFINITION:
Accident/Accidental
Sudden and unforeseen event arising from external, violent and visible causes and occurring during the Policy period, which shall independently of any others, be the sole cause of the resulting Death or Bodily Injury.
Bodily Injury
A specific physical injury caused by and is the first consequence of an Accident with no contribution of any physical impairment existing prior to the inception of this Policy basing on the Doctor’s advice..
Eligible Insured Members
The insured persons attaining the age of 65
INSURANCE COVERAGE:
A - Death and Permanent Disablement
CVI shall, upon receipt and approval of proof, pay to the Insured Member the relevant benefit of the insured events specified below if such Insured sustains Accidental Bodily Injury resulting from an accident in the during the Period of Insurance.
- Death: 100% of Limit of Indemnity
- Permanent Disablement: as per the Scale of Compensation issued by CVI
CVI shall, upon receipt and approval of proof, pay to the Insured Member the relevant benefit of the insured events specified below if such Insured sustains Accidental Bodily Injury resulting from an accident in the during the Period of Insurance.
B - Medical Expenses
After the occurrence of any one of the Insured events and the compensation is paid up to 100% of Limit of Indemnity, there shall be no further liability under the Policy in respect of the same Insured Member for Injury sustained thereafter.
Insurance benefits:
The limit better set the Max. Limit USD 50,000 per person only and Medical expense should state Max. 10% of Sum Insured.
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