The purpose of Personal Accident insurance
The main reason why anybody should consider to invest money in a personal accident is to receive financial help in the event of a severe injury as a result of an accident, illness or if the insured person suffers a fatal accident.
General Benefits
- Lump-sum payment in the event of disability
- Progression in the event of full disability
- Lump-sum payment in the event of death
- Hospital per diem allowance
- Interim money
- Pension
Additional Benefits
- Accident caused by an illness or weakness
- Intoxication (e.g. caused by alcohol)
- Premium-free in the event of the policy holder passing away
- Self-inflicted injuries caused by exertion of force
- Self-inflicted injuries caused by making a wrong movement
- Death or injury caused by frost
- Suffocation / Drowning
- Gas poisoning
- Food poisoning
- Dread diseases (e.g. heart attack, stroke)
- Infectious diseases
- Vaccine damages
- Insect bites / stings
- Civil commotion (only if passively involved)
- Acts of terror (covered in combination with war or civil war)
- Hospital per diem allowance abroad (same as inland but the daily allowance is doubled)
- Hosptial per diem allowance as a day-patient
- Hospital per diem allowance as a coma patient (30 Euros per day)
- Recuperation cash (The same days you spent in hosptial you will get again as an additional payment)
- Rooming-in (up to 60,- Euros per day)
- Psychological treatment (up to 1.000 Euros)
- Rescue of man and property (bodily injuries are covered to save life or salvage property)
- Additional payment of 20.000 Euros to cover the costs of a severe disability
- Additional one-off payment as house owner, e.g.:
- 50.000 Euros in the first year of possession
- 45.000 Euros in the second year
- 40.000 Euros in the third year
- 35.000 Euros in the fourth year
- 30.000 Euros in the fifth year
- Racing events with motorised vehicles (generally just kart racing)
- Radiation damages
- Scuba diving injuries
- General poisoning of children up to the age of 14
- Dental treatment (prosthesis)
- Evacuation and repatriation
- Domestic help (if a partner or parent is also insured)
- Long Term Care (all 3 levels)
- Cosmetic operations
- Re-convalescence treatment (cures)
- Additional payment for disability-expenses in the event of a full disability
- Re-education costs, should the insured person have to learn a new profession
- Orphan's allowance
Generally only if both parents pass away within one year due to the same incident. In these cases the insured child will receive a pension in form of the gross annual premium multiplied by 50. - Broken bones
- Cancer