What does Personal Accident Insurance provide?

What does Personal Accident Insurance provide?

• A. Coverage for illness-related injuries only
• B. Insurance for damages to property
• C. Monetary compensation for death or bodily injury arising from accidental, violent, external and visible means, solely and independently of any other cause
• D. Liability for business losses

Answer: (C)

Personal Accident Insurance is designed to provide a fixed monetary sum when death or bodily injury results from an accident. The injury must arise from an accidental, violent, external and visible event, and the payout is independent of any other health conditions or causes. It does not cover illnesses, property damage, or business liability. The benefit is usually a predetermined amount rather than reimbursements for medical expenses, serving as a financial safety net for accidental harm.

Personal Accident Insurance is designed to provide a fixed monetary sum when death or bodily injury results from an accident. The injury must arise from an accidental, violent, external and visible event, and the payout is independent of any other health conditions or causes. It does not cover illnesses, property damage, or business liability. The benefit is usually a predetermined amount rather than reimbursements for medical expenses, serving as a financial safety net for accidental harm.