Personal accident insurance and frequently asked questions

Personal accident insurance comes at a very low cost and protects you in the event of an accident. Anyone could not expect it. But the stories surrounding this personal accident insurance are not well known. The following is a summary of some questions related to personal accident insurance that everyone should know to avoid surprise or security when things happen.

What circumstances will personal accident insurance cover you?

Usually, when you take personal accident insurance, you will be compensated in the following cases:

• Insurance due to death or accidental injury: accident in life or work, while in traffic, .. happens 24/7
• The insured with acts of rescuing people, properties of the state and people: saving people in a fire, resisting violence, saving people falling into the water,..
• Engage in combating illegal acts such as assistance with poaching,..
• In case of participating in professional competitions such as racing, horseback riding, boxing, windsurfing, boat racing, etc. In case of accident, the insurance is only covered in case of additional premium registration. Insurance is accepted by Bao Viet in writing.

What circumstances will accident insurance refuse to compensate?

• The insured violates traffic safety laws such as racing, entering prohibited lanes, operating without a valid license, wriggling on the road, speeding, drinking alcoholic beverages while operating control the car on the road, ..
• Intentional action by the insured or legal heir.
• The insured takes part in aviation activities (except for passengers) or takes part in military drills, drills, and battles in the armed forces.
• The insured participates in the fight.
• Sudden cold, wind hit, abortion, occupational disease, complications during treatment and maternity
• Poisoning of food and drink.
• Treatment of drugs without a prescription of a medical authority.
• Earthquakes, radioactive contamination, war, civil war, strikes.

Is the premium for personal accident insurance calculated by age?

No, the premium for personal accident insurance is calculated according to your desired insurance coverage. The personal accident insurance premium is calculated using the formula of 0.28% * of the insured amount. The highest insured level is 100,000,000 VND.

For example, if you want the insurance to pay the amount of VND 50,000,000 when an accident occurs, the premium for your personal accident insurance is calculated by the formula of 0.28% * 50,000,000 = VND 140,000 .

I participated in personal accident insurance but want to cancel my contract, will I lose my premium paid?

In case you want to cancel your contract, you must notify your accident insurance provider within 30 days from the date of intent to cancel. The insurer will pay you 80% of the amount corresponding to the number of remaining effective days of insurance in case the legal cost of compensation has not been born before.

If the accident only caused the injury, within the policy limit of VND 20 million, the insurance will pay the injury rate. From the insured limit of VND 30,000,000 – VND 100,000,000, the allowance will be paid up to the actual maximum rate up to the rate of injury rate + 0.1% of the sum insured / hospitalized / day.

If I want to buy personal accident insurance package with compensation liability of over VND 100,000,000?

You can purchase personal accident insurance packages with liability of over VND 100,000,000. In this case, there will be special packages for you according to your needs. Please call the hotline 086.919.6899 for detailed instructions.

Where should I buy personal accident insurance?

You can buy personal accident insurance packages at companies that directly provide services such as Bao Viet, MIC, Bao Minh, etc. However, I still recommend that you buy insurance at the agents of these companies. Company for the following benefits:

Provide diverse services of many companies

As agents, these companies not only provide one type of service for a particular company but also a combination of all insurance packages of different reputable companies across the country. They will give advice to help you choose the insurance package that suits your needs and financial ability in an objective and fair manner.

Know the situation of customers well

Because it is an agent, smaller in size than the direct company, it is possible to capture the situation of customers more easily and clearly, spend a lot of time to understand and understand to provide a suitable solution. The best reason for customers if insurance compensation occurs.

Customers easily control the problem

As agents, companies will provide direct support and details of questions you want to find out. Another advantage is that the number of employees is small and will be stable and directly responsible for commitments to customers. Easy to control and query if problems occur.

PAA.VN – PROUD OF PRESTIGE AGENTS OF BAO VIET, BAO MINH, MIC, PVI … and reputable insurance companies with compensation compensation available to hundreds of trillion.

Contact to register for the accident insurance package: click here

You can refer to other types of insurance that PAA.VN provides: click here

Please feel free to contact us via hotline 24/7: 086.919.6899