The personal accident policy is personalistic or individualistic in nature, whereas the group personal accident is generalistic or within the group.
The personal accident policy is always taken out by a single individual while the group is issued to at least two persons; members of a social club, members of the same family or employees in a common employment.
SCOPE OF COVER
Provided death occurs within twelve months from the date of accident, the benefit payable may be a specified capital sum or multiples of wages.
- Permanent Disability
Provided this occurs within twelve months from the date of accident. The benefit payable may be a specified sum or percentage or multiples of wages.
- Temporary Total Disablement
This is a weekly benefit and payable for a maximum period of 104 weeks. It may be an agreed amount per week or a percentage of wages per week.
- Temporary Partial Disablement
This is seldom given by underwriters, and it is usually a percentage of TTD (Temporary Total Disablement) payable per week. Proposal in this respect should be referred to the Head Office for consideration.
- Medical Expenses
The maximum payable in any one occurrence, is the agreed policy limit where this is incurred following an accident.