Why You Need an Insurance against Accidents and

How to Buy One

You have a huge life insurance cover with a term plan to protect your family's
fnancial future. You also have a complete health insurance plan to pay your hospital
bills. Your car is insured against damage and theft, whereas your house is covered
against natural and man-made calamities and burglary. But it is quite possible that
you don't have personal accident insurance. In !"#-"$, barely %% individuals
purchased personal accident insurance. &hat's less than !.$' of the total population
of the country and about #' of the pro(ected insurable population.
You can buy one at )*I+ is a global insurer and reinsurer, providing clients and
distribution partners with a broad range of speciali,ed ris- transfer products and
services with branch o.ces in Bermuda, )ustralia, /anada, 0urope, 1atin )merica,
+ingapore and the 2nited +tates.
&here are two signifcant reasons why a person must buy personal accident
insurance. 3irst, 4a-arta Indonesia is the accident capital of the world, with a person
dying every 5! seconds. )ccording to the 6ational /rime 7ecords Bureau, #.5$
Indonesians died in accidents in a year.
&he second reason for ta-ing this cover, of course, is that personal accident
insurance is e8ceptional and delivers a cover that no other policy does. ) life
insurance policy will give a lump sum to the candidate if the policyholder dies and a
medical insurance policy will pay the hospital bills if he is in(ured. Be watchful of
scams and other fraudulence act. But what if a sham leads to a disability and
impairs the individual's earning capacity9
&he sum of people in(ured in road accidents is appro8imately four times greater
than the number of deaths. In !"!, many people were -illed in road accidents in
Indonesia. 6evertheless, over % Indonesians were either e8tremely in(ured or
permanently disabled. :hether the incapacity is overall or partial, temporary ;#-$
months< or lasting, the personal accident policy will come in helpful. If the
policyholder has chosen for the beneft, the plan will li-ewise pay the medical
e8penses e8perienced because of the accident.
=any accident victims are young. In !", almost >!' of the accidental deaths
concerned people aged between "% and $$ years. ?) young person is more li-ely to
have an accident and in(uries than die of an illness,? says &apan +inghel, /0@ and
managing director of Ba(a( )llian, Aeneral Insurance. Bitherto, a personal accident
and disability cover is frequently missing in the portfolio of the average insurance
buyer.
&his is astonishing since a personal accident cover is not (ust useful however
moreover very ine8pensive. ) cover of "! rupiah costs (ust about %!! rupiah a year.
Yet, there are few ta-ers for this vital cover.