Personal Accident
Definition:
- It is an indemnity paid to the beneficiaries in case of accidental death, or to the insured person in case of accidental disability
Covers:
- In case of accidental death or total permanent disability, the insurance Company will pay $10,000, $20,000, $30,000, or $40,000 as Indemnity.
- 50% of the indemnity amount will be paid in case of loss of one eye, one hand or one foot.
Conditions:
- Age: 18 – 64
- Immediate issuance & delivery of the pre-signed policy.
- Cover starts 7 days after signature.
Premium:
- The insured can choose among 4 options:
1. $1 for $10,000
2. $2 for $20,000
3. $3 for $30,000
4. $4 for $40,000