Publish Date: 24 Jan 2022 Money Tips
How many times have we been in an emergency or dangerous situation and spent a lot of money to get through it? The truth is we encounter many small dangerous situations on a daily basis, and sometimes we face a situation and freeze, unable to think our way through out of fear. Personal accident insurance can help us get rid of these negative feelings and allow us to think clearly as we are sure we have a backup plan.
It is a type of insurance policy where the applicant requests to insure themselves against unexpected dangers such as traffic accidents, fires, broken bones, etc. The insurance company pays the insured the agreed upon compensation or partial compensation according to the insured’s medical condition.In exchange a monthly premium is paid by the insured and coverage includes the following:
Find out more on personal accident insurance here.
This type of policy acts as support if the insured is in an accident. For example, the insurance company pays out the entire insurance amount in cases of total permanent disability and pays out partial compensation in cases of partial disability. In cases of death the insurance company pays out the insurance amount to the beneficiaries stated in the insurance policy. In all cases you and your family are taken care of.
If you’re hesitating about applying for an insurance policy because of the paperwork needed then fear no more as personal accident insurance policies require the least amount of paperwork out of all insurance policies. It is one of the easiest and least time-consuming policies to apply for.
The insurance company does not require the applicant to get any medical checkups or tests done as this type of insurance covers accidents not health related risks.
One of the most important features of a personal accident insurance policies is that coverage is worldwide not just local. The insurance company will payout if you are injured anywhere in the world. The compensation will depend on the accident and the condition of the insured.
Get personal accident insurance through Faydety now!
Faydety Insurance Brokerage
The Financial Regulatory Authority Registration Number: 105
Contact And Complaints : 01003866521
Claims : 201003916623
Email : [email protected]
If you are unsatisfied with our services, you are entitled to issue a complaint with the Egyptian Financial Regulatory Authority (FRA) in person or online through their website www.fra.gov.eg
Faydety insurance brokerage website is approved by the FRA on 01/09/2021