Pros and Cons of Personal Accident Insurance
The importance of personal accident insurance while working is not just a requirement of labor regulations but a necessity. Whether through an individual or a company, you are entitled to hold accident insurance that provides security and personal protection for the future.
Various unexpected accident risks can occur at any time while you are working. Having insurance can reduce the risk of financial losses for you and your family at any time.
Types of Risks and Coverage
You need to know which risks this personal accident insurance covers, such as the risk of death or permanent disability caused by an accident. Examples include poisoning from inhaling toxic gas or fumes, injuries from machinery or sharp objects, exposure to viruses or disease-causing germs, and suffocation or drowning. The sum insured (UP, or uang pertanggungan) is paid as a benefit to the insured, and its amount varies depending on the accident risk the insured suffers. For a death risk, the family or heirs named in the insurance policy will receive 100% of the benefit from the sum insured. READ ALSO: Confused About Choosing Motor Vehicle Insurance? Jagain Is the Solution Meanwhile, if the insured suffers partial disability, they will receive compensation that also varies depending on the severity of the disability, such as:- Disability of the right arm from the shoulder joint will receive 60% of the sum insured
- Disability of the left arm from the shoulder joint will receive 50% of the sum insured
- Disability of one leg from the knee up to the upper thigh will receive 50% of the sum insured
- Disability of one leg from the ankle up to the knee will receive 25% of the sum insured
- Disability of the right thumb will receive 15% of the sum insured.
- Disability of the left thumb will receive 10% of the sum insured.