Accident Insurance, Safer from Various Threats!

No one wants to face difficult situations like accidents in their daily life. But in the context of real life, this risk is always present and must be acknowledged. Preventive steps can certainly be taken by detecting existing risk factors. Additionally, you also need what is called Personal Accident Insurance to be truly prepared to face such emergency situations.

But what is meant by personal accident insurance? Isn't it similar to life insurance that provides benefits in the event of an emergency that threatens life or safety?

If we look at it simply, life insurance and personal accident insurance differ in three main aspects.

  • First, the purpose. Life insurance provides financial protection to the family or heirs if the policyholder dies. Meanwhile, personal accident insurance offers financial protection if the policyholder has an accident that results in death, disability, or medical expenses.
  • Second, coverage. Life insurance covers death from various causes, including illness and accidents. Meanwhile, personal accident insurance, as the name suggests, is more specific to accidents and does not cover death from illness.
  • Third, benefits. The sum insured in life insurance is paid to the heirs to help cover living expenses and other financial needs. In personal accident insurance, the benefits include compensation, or the sum insured for medical treatment, rehabilitation, and other costs resulting from an accident.

Read Also : 9 Factors that Cause Traffic Accidents, Be aware of them all!

Getting to Know Personal Accident Insurance Better

Referring to the definition released by the Financial Services Authority, personal accident insurance is a protection that provides guarantees to the customers or policyholders, from accident events that happen 24 hours within the previously determined coverage period. Events that are generally considered accidents include poisoning due to toxic gas, or other accidents during activities and work. It is not surprising that this insurance is recommended for workers with a high-risk level, such as chemists, electrical engineers, or even you who have jobs with relatively low risks.

When you, as the policyholder, experience an accident, the insurance company, such as PT AXA Insurance Indonesia, will guarantee and cover the medical expenses incurred. Fundamentally, this product can guarantee the risk of accidents that affect the policyholder during a certain period of time or specific events, such as travel.

What Does This Insurance Cover?

Generally, there are 3 things covered by this type of insurance. First is the risk of death, second is the risk of permanent disability, and third is the costs of care and/or treatment that are directly caused by certain accidents.

In addition to the three things directly covered by Personal Accident Insurance, there are also additional benefits that can be chosen and used according to the risks you have.

The list is as follows:

  • Double replacement in case of death or permanent disability due to an accident while traveling as a passenger in public transportation
  • Temporary disability
  • Costs of traditional or alternative medicine
  • Cash benefit for hospital expenses due to an accident- Immediate cash benefit for death
  • Emergency medical evacuation costs
  • Riots, strikes, work stoppages, mischief, brawls, and disturbances
  • Murder, persecution, rape, kidnapping, hijacking, and assault
  • Accidents while riding a motorcycle
  • Death management benefit (costs for obtaining death certificates and funeral expenses including cremation)
  • Family needs benefit
  • Replacement of personal items lost or damaged due to an insured accident
  • Coverage against terrorism
  • Transportation benefits
  • Personal legal liability to third parties

Even though it has quite a wide coverage, you need to be careful because every insurance product always has exclusions. If what you experience falls into these exclusions, then the benefits mentioned may not be attainable due to violating the terms and conditions applicable in the insurance agreement.

Read More: Entrepreneurs Must Know! Here's How to Prevent Workplace Accidents

Description of Benefits or Compensation and Monthly Costs

With the many benefits as mentioned above, it will certainly be very useful if you also get detailed information about the number of benefits or compensation that will be received. Additionally, information regarding the monthly cost that needs to be set aside for reliable personal accident insurance also needs to be known, so you know exactly how much money is required for each of those benefits.

Practically, this information can be obtained from the SmartActive Personal Accident Insurance product from AXA Insurance Indonesia, as explained below.

Benefits and Compensation from SmartActive

Personal Protection Insurance. SmartActive Personal Protection Insurance provides main benefits for accidental death (Guarantee A) and permanent disability (Guarantee B) ranging from Rp10,000,000 to Rp1,000,000,000. So, the benefits you receive can really help with the situation you have to face after an accident occurs.

In addition, the list of additional benefits related to the provided benefits is as follows:

  • Cash benefits for hospital treatment due to accidents, death limit starting from Rp10,000,000 to Rp1,000,000,000, benefits per day starting from Rp25,000 to Rp200,000, maximum benefit within 30 days starting from Rp750,000 to Rp6,000,000)
  • Instant cash benefit due to death, which is 10% of the maximum death limit or equivalent to Rp10,000,000
  • Funeral arrangement benefit, which is 10% of the maximum death limit or equivalent to Rp25,000,000
  • Family needs benefit, which is 10% of the maximum death limit or equivalent to Rp25,000,000
  • Replacement of personal items that are lost or damaged due to an accident covered by the policy, which is 10% of the maximum death benefit or equivalent to Rp2,500,000
  • Transportation assistance, which is 10% of the maximum death benefit value or equivalent to Rp1,000,000
  • Care or treatment costs (Guarantee C), which is 20% of the maximum death benefit value or equivalent to Rp200,000,000
  • Double compensation in case of death or permanent disability due to accidents while traveling as a passenger in public transportation, which is 200% of the death benefit value.
  • Temporary disability, which is 10% of the maximum death limit or equivalent to Rp10,000,000
  • Traditional treatment costs, which is 2% of the death benefit value-Emergency medical evacuation costs, which is 10% of the maximum death limit, or equivalent to Rp25,000,000-Riots, strikes, work stoppage, malicious acts, brawls, and civil commotion, which is 100% of the death benefit value.
  • Accidents while riding a motorcycle, which is 10% of the maximum death limit or equivalent to Rp25,000,000
  • Terrorism risk guarantee, which is 100% of the death benefit value.
  • Personal legal liability to third parties, which is 10% of the maximum death limit or equivalent to Rp10,000,000.

Monthly Costs to be Paid.

For the SmartActive Personal Protection Insurance product, premiums can start from IDR 5,810, subject to terms and conditions. You are highly recommended to visit the purchase page of this insurance product at the SmartActive Personal Protection Insurance Purchase link to directly know the total payment that must be made, along with the benefits that will be received from this reliable insurance.

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Awareness of the potential risks of accidents gives you the advantage of measurable mitigation steps. With SmartActive Personal Accident Insurance from PT AXA Insurance Indonesia, you can enjoy life without worry thanks to guarantees against the risks of death, permanent disability, direct medical treatment costs, and other comprehensive benefits.

With very affordable premiums, you and everyone can be protected from various risks of personal accidents that lurk. Protect yourself in every activity you engage in and get the reliable Personal Accident Insurance product from PT AXA Insurance Indonesia right now!

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