“Accidents are by their very nature are unexpected,” says Sonja Visser, CEO of long-term insurance provider African Unity Life (AUL). “No matter how cautious we are, they are simply beyond our control. This is exactly why having accidental death and injury cover, or a personal accident policy, is very important.”

How does accidental death and injury cover differ from medical aid?

Accidental death and injury insurance are significantly different from medical aid in that it is paid as a result of an ‘event’ (accident); whereas medical aid covers all costs related to a medical or dental condition.

“Although accidental death and injury cover offers policyholders financial support, it is not meant to replace a medical aid,” says Visser.

“Rather, it is a standalone product to help accident victims or their loved ones deal with the costs associated with the incapacitation or death of the policyholder due to an accident. In cases in which the insured has been injured and is left temporarily or permanently disabled, a cover is paid out according to a schedule for specific events or types of disability.”

Who should have accidental death and injury cover?

“That answer is simple,” says Visser. “Anyone who has a driving license or travels regularly – whether they are commuters or holidaymakers – should have this kind of insurance.”

Accidental death and injury cover should also be a critical consideration for anyone who supports a partner and children, as well as their parents. Visser suggests that this type of insurance can be added to a life policy as an added value benefit, making it very affordable and offering good value for money.

What is, and is not, covered under accidental death and injury insurance?

A personal accident policy provides invaluable cover if the insured is injured and admitted to the hospital, or is left disabled and/or passes away as a result of an accident. Most insurance plans include Hospitalisation, Total Permanent Disablement cover, and Death cover.

By CAIRA-LEE

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