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A Shopper Guide to Personal Accident Insurance

Compare personal accident insurance policies from Australia’s top providers and save up to 25% on quotes. Visit us at www.lifeinsurancedirect.com.au/income-protection/accident-insurance/

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A Shopper Guide to Personal Accident Insurance

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  1. A Shopper Guide to Personal Accident Insurance

  2. Term Accident Insurance • Unfortunately, accidents can happen in everyday life and any injuries caused could lead to a loss of income due to time of work. Definitions: A personal accident insurance cover offers you security for all the financial losses you have suffered as a result of some serious injury or personal accident. © Copyright 2011 - 2012 www.LifeInsuranceDirect.com.au

  3. Benefits of Accident Insurance • Accidental Death Benefit  : In case of an unlucky event happening ensuing in death of the insured the nominee would be paid up to the sum insured which would be of huge support to the existing members. • Accident Disability : Death is typically not the only effect of an accident. At times it leads to disablement or dismemberment. Supporting the medical expenditure and the cost of living in such a condition can be very challenging © Copyright 2011 - 2012 www.LifeInsuranceDirect.com.au

  4. Benefits of Accident Insurance • Education Grant: A sudden crisis situation in the family immediately tends to hamper the education of the children. • Accident insurance generally covers up to 75% of your income  and mainly offers a monthly benefit from 2 years up to 65 years. © Copyright 2011 - 2012 www.LifeInsuranceDirect.com.au

  5. Premiums and Coverage • Some things to consider while comparing quotes and getting the most competitive option are: • Occupation–The cost of your premium may swell depending on your occupation. • The benefit period– Generally, longer benefit periods will attract a higher premium. Benefit periods may range from 2-5 years up to 65 years. © Copyright 2011 - 2012 www.LifeInsuranceDirect.com.au

  6. Premiums and Coverage • Monthly Benefit– As accident insurance covers 75% of your income, those people with a higher income may pay a higher premium. • Your age– As you age, your risk of accidents increases and it may affect your premium. © Copyright 2011 - 2012 www.LifeInsuranceDirect.com.au

  7. Conditions In Accident Insurance • Accident insurance is not the same as accidental death cover. • An accidental death insurance policy pays you a lump sum payment should the accident causes the death of the insured. • Generally, accident insurance policies can be a more cost effective solution than full sickness and accident insurance policy as since it only covers accidents. © Copyright 2011 - 2012 www.LifeInsuranceDirect.com.au

  8. Thank You www.LifeInsuranceDirect.com.au This presentation does not represent and products or services provided by LifeInsuranceDirect.

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