| In Commerce Assurance, the Personal
Accident Insurance is an annual policy
which provides protection against
death, bodily injury or disability
caused solely by violent, accidental,
external and visible means. In addition,
this insurance also covers the risks
of murder or assault and hijacking,
food poisoning, riot and lightning.
It also includes drowning, harmful
insect and animal bites, suffocation
by smoke, fumes and poisoning gases.
The common features of our Comprehensive
Personal Accident insurance are listed
as below. It can be taken by individual
on their own life or on the lives
of certain other persons;
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24-Hour, year round, worldwide
protection. |
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Low premium cost. |
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No medical examination is required. |
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Covers loss of limbs without
actual physical severance. |
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Covers accidents on or off the
job, in or away from home. |
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Covers a wide range of losses,
even loss of speech and hearing. |
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Covers medical expenses incurred
for treatment of injuries. |
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Lump sum payment for total permanent
disablement. |
Our Comprehensive Personal Accident
can also be extended to cover other
benefits and few of the salient features
are;
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Chartered or Commercial Unscheduled
Flying |
|
Hunting |
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Risks of murder or assault and
hijacking |
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Food poisoning |
|
Riot |
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Lightning |
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drowning |
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Harmful insects and animal bites |
|
Suffocation by smoke, fumes
and poisoning gases |
Protection provided under
Personal Accident Insurance
Basically our Comprehensive
Personal Accident insurance offers
protection against the following contingencies.
I - |
Death |
: |
100% of capital sum insured |
II
- |
Permanent Total
Disablement |
: |
100%
of capital sum insured depending
on the nature of the injury |
III - |
Temporary Total Disablement |
: |
Weekly benefit (not exceeding
80% of insured’s weekly
earnings) subject to a maximum
of 104 weeks |
IV - |
Temporary Partial Disablement |
: |
Weekly benefit (not exceeding
2/5 of III above) subject to a
maximum of 104 weeks |
V - |
Medical Expenses |
: |
Specified limit covered |
Benefits (III) and (IV) may only be
insured if Benefit (I) and (II) are
covered. Benefits (V) may only be
insured if one or more of benefits
(I) to (IV) are covered.
The aggregate of all percentage payable
in respect of any one accident of
any one insured person, shall not
exceed 100%. In the event of a total
of 100% having been paid, all insurance
shall immediately cease to be in force
in respect of the insured person.
All other losses smaller than 100%
if having been paid, shall reduce
the respective insured person’s
coverage under Benefit I and II by
that amount from the date of accident
until expiry of the Policy.
General Exclusion under Personal
Accident Insurance
The events which are commonly excluded
under Commerce Assurance Personal
Accident Insurance policy are:
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War risks; |
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Nuclear weapons; |
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Riot, Strike and Civil Commotion; |
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Suicide and insanity; |
|
AIDS |
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Provoked murder or assault |
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Pregnancy, childbirth, miscarriage,
abortion or pre-existing defect
or infirmity; |
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Hazardous sports |
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Operating or riding a two-wheeled
motor vehicle |
|
Persons involved or employed
under the professions such as
Police/military and law enforcement,
Divers, Pilots or crew members,
Aircraft testers, Racing drivers,
Seamen and sea fishermen, Professional
sports person; |
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Influence of alcohol or drugs; |
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Committing or attempting to
commit criminal act; |
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Hernia of any kind. |
| |
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We would encourage you to read carefully
and understand the policy exclusions.
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