Should you suffer a disability such as loss of sight, speech and hearing, limb or paralysis within a year after the accident, you will also receive an annual allowance for up to 10 years to help ease the strain on your finances.
The last thing you want to do is to worry about the financial burden if you experience temporary total disability. To assist you during your recovery period, you will receive a weekly payout for up to a year for each accident. If you suffer temporary partial disability, you will receive 25% of the weekly benefit for up to a year. Because accidents are unpredictable, you can make multiple claims throughout the term of your plan.
Insurance Lingo Explained
What does temporary total disability mean?
This is when you become injured and disabled due to an accident and cannot work for a period of time.
What does temporary partial disability mean?
This happens if the injuries sustained during an accident caused you to be disabled and forces you to work at a reduced level while you recover.
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Living Protector is an optional benefit attachable to Flex PA.
The plan covers up to age 75 or the expiry of the basic plan, whichever is earlier.
You must disclose details such as your occupation, personal interests or hobbies that could affect your risk profile and number of personal accident policies that you have with other insurance companies.
After the first premium, a grace period of 31 days from the premium due date is allowed for payment of each premium. The policy will remain active during the grace period. If a loss occurs during the grace period, any unpaid balance of premiums due for the full policy year will be deducted from the proceeds payable under the policy.
You must inform us in writing if you change your occupation. We will review your new occupation to see if it falls within the occupation categories covered under this plan.
You must give us written notice of a claim within 30 days of the accident that caused your injury. If death occurs, an immediate notice of claim must be given to us.