Be careful, travel safely, and get a personal accident insurance

Jakarta Indonesia: many people die in road accidents in the country each year. Those injured number closely half a crore. As activity upsurges, there is a must to improve insurance protection with personal accident cover.

AXIS is a global insurer and reinsurer, providing clients and distribution partners with a broad range of specialized risk transfer products and services with branch offices in Bermuda, Australia, Canada, Europe, Latin America, Singapore and the United States.

What is it?

Personal accident insurance policies were previously issued for one-year terms similar to any other non-life insurance product. Nonetheless, today, purchasing one for a 5-year term is not a problem. The minimum and maximum age at entry is 18 to 70 years of age in most circumstances. This is typically a pre-underwritten product and no medicals are called for.


The policy bids a sum assured in case of death of an insured person because of an accident. It furthermore delivers for compensation in instance of permanent and total loss of limbs, sight, due to an accident. Some insurers as well cover the insured in case of death or permanent disability because of acts of terrorism. There are no maturity benefits available in this policy.

For an added premium, one can enhance cover to family members. There are choices offered to improve the cover by pledging to add-on benefits. No right may realize you a hike in your sum assured at no extra premium as a prize when you renew the policy. For a distinct understanding of the benefits, ask for policy wordings. Review the company profile abd contract to avoid complaints afterwards.


The main exclusions are suicide, military service, war, illegal act, AIDS, dangerous sports and diseases. Require on the list of exclusions in advance when you buy a policy. Be mindful of scams and fraudulence act.

Where does it is appropriate?

The product works best when you have a present life insurance cover. In no condition can a personal accident insurance cover be preserved as a spare of life insurance cover. It is hard to purchase an accident cover for huge sums along with life insurance policy as the accident cover cannot exceed the immature life cover. Furthermore the statutory norm that the ‘rider premium’ cannot go past 30% of the ‘basic life cover premium,’ in instance of with profit plans, makes it expensive to ‘buy insurance’ in large sum.

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