Personal accident insurance is a form insurance policy where the applicant requests to insure themselves against

What is Personal Accident Insurance? | Faydety

<p>Personal accident insurance is a form insurance policy where the applicant requests to insure themselves against unexpected personal mishaps such as traffic accidents, fire, physical injury caused by an accident, etc.</p><p>&nbsp;</p><h2>The role of the insurance company</h2><p>&nbsp;</p><p>The insurance company pays out the insurance amount if an accident occurs and in exchange the insured pays an insurance premium at predetermined intervals. A personal accident insurance policy may be linked to another policy such as a life insurance policy or can be completely separate.</p><h3>&nbsp;</h3><h3>Personal accident insurance policies start at 25,000 EGP and up to 2,000,000 EGP. Compensation is granted in the following situations:</h3><p>&nbsp;</p><ul><li>Reimbursement of medical fees incurred due to an accident covered by the policy (no more than 10% of the total coverage amount).</li><li>Partial permanent disability (compensation is determined based on the stipulations in the insurance policy).</li><li>Temporary total disability (compensation is dispensed on a weekly basis for up to a year).</li><li>Permanent total disability (entire insurance amount is granted).</li><li>Death (entire insurance amount is granted).</li></ul><p>&nbsp;</p><p>To know more about personal accident insurance check our article:&nbsp;<a href="https://www.faydety.com/learn/قاموس-الفلوس-3/ايه-هو-تأمين-الحوادث-الشخصية،-تفاصيله-وازاى-اقدم-عليه--1915">What is Personal Accident Insurance and How to Apply?</a></p><p>&nbsp;</p><h2>What is covered by personal accident insurance policies?</h2><p>&nbsp;</p><p>Non-work-related injury.</p><p>The injury may be caused by a fire, a fall, or any accident that causes physical injury.</p><p>Most personal accident insurance policies cover accidents anywhere in the world except for specific countries that must be stated clearly in the insurance policy terms.</p><p>&nbsp;The insurance company covers 10% of any medical fees incurred due to an accident.</p><p>&nbsp;</p><h2>Duration of personal accident insurance policies:</h2><p>&nbsp;</p><p>Personal accident insurance policies have long durations and can be valid till the insured reaches 65 years of age but they are not lifelong policies.</p><p>Another type of personal accident insurance policies has a one-year duration and is renewable every year with the insured’s permission.</p><p>&nbsp;</p><p>Get your <a href="https://www.faydetyinsurance.com/en/personal-accident">Personal Accident Insurance Policy</a> through Faydety now!</p>

The insured is compensated as long as the accident is not work related

What is Personal Accident Insurance?

<p>Insurance is a contract, in the form of a policy, in which an individual or entity receives financial protection and/or compensation against losses from an insurance company. Insuring something means diverting the burden of payment for its loss from a personal responsibility to one that the insurance company bears on your behalf, in a certain percentage, depending on the type of insurance you have.&nbsp;</p><p>&nbsp;</p><p>The insurance company relies on calculating the probability of a loss or damage to an insured asset. If there is a high probability, then the insurance cost tends to be expensive; on the other hand, if the probability is low, the insurance cost tends to be relatively cheaper.</p><p>&nbsp;</p><p>Let's start with the basics.</p><p>&nbsp;</p><h2>Insurance Policy:</h2><p>&nbsp;</p><p>As stated briefly above, an insurance policy is a contract between you and an insurance company. This policy outlines your agreement's details and determines the claims that the insurer is legally required to pay in exchange for a premium. It essentially states that the insurer must pay for any loss or damage caused by risks covered under the policy.</p><p>&nbsp;</p><h2>Insurance Premium:</h2><p>&nbsp;</p><p>An insurance premium is a certain amount of money that you need to pay periodically in exchange for the maintenance of your chosen insurance policy. If you are unable to pay the premium, the insurance policy will be forfeited. If this happens and you decide you would like to keep your coverage, you may be required to pay a fine or charge a higher premium accordingly.</p><p>&nbsp;</p><blockquote><p>The insurance company relies on calculating the probability of a loss or damage to an insured asset</p></blockquote><p>&nbsp;</p><h2>Types of Insurance:</h2><p>&nbsp;</p><p>There are many different types of insurance. Though it is possible to divide them into two basic categories, under which the other types of insurance fall, the two categories are:</p><p>&nbsp;</p><h2>Life Insurance / Health Insurance</h2><p>&nbsp;</p><p>Life insurance is a contract between you and an insurance company where, in exchange for premium payments paid by you during your lifetime, the company will pay a sum of money to your beneficiaries after your death.&nbsp;</p><p>&nbsp;</p><p>Health insurance covers medical expenses that may arise due to illness. These expenses could entail costs of hospitalization, cost of medicines, or medical consultation fees.</p><p>&nbsp;</p><p>These insurance types are primarily based on individuals, although some countries go one step further and provide pet insurance. This is because, at times, the cost of medicines and veterinarian visits are higher than the costs of individuals.</p><p>&nbsp;</p><h2>Property Insurance / Disaster Insurance</h2><p>&nbsp;</p><p>This type of insurance reimburses an individual or business and protects a physical property against loss from theft, fire, natural disasters, etc. Property insurance covers the building or structure itself as well as its contents, whether personal or corporate, including furnishings, inventory, and other items.</p><p>&nbsp;</p><p>Get your <a href="https://www.faydetyinsurance.com/en">Insurance Policy</a> Now through Faydety!</p>

What do you know about the Insurance system in Egypt? and what's its Policies, Premium, and kinds? All you need to know about insurance

What is Personal Accident Insurance?

The insured is compensated as long as the accident is not work related

The role of the insurance company

Personal accident insurance policies start at 25,000 EGP and up to 2,000,000 EGP. Compensation is granted in the following situations:

What is covered by personal accident insurance policies?

Duration of personal accident insurance policies:

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