Okuzeka
Insurance vocabulary · Life & Health Insurance

Personal accident insurance

Meaning in insurance, with examples

nounCommon term

In insurance, personal accident insurance means: Insurance that pays a fixed amount if the insured person dies, is permanently disabled or needs medical treatment because of an accident.

In Turkish: ferdi kaza sigortası

How it is used

Sold to individuals, to employers for their staff and as an add-on to car, travel or credit card products. It covers accidents only, not illness. Main benefits: accidental death, permanent disability and medical expenses. Often shortened to PA.

Example sentences

  1. The company provides personal accident insurance for all field staff.

  2. Personal accident insurance paid a lump sum after the fall left him with a permanent disability.

Common collocations

  • personal accident insurance policy
  • group personal accident
  • accidental death benefit
  • permanent disability cover
  • life insuranceInsurance that pays a sum of money to the named beneficiaries when the insured person dies, and in some products also builds up savings.
  • health insuranceInsurance that pays for medical costs such as doctor visits, tests, hospital stays and surgery, up to the limits in the policy.
  • beneficiaryThe person or organisation named in a policy to receive the money, for example the family member who is paid when the insured person dies.
  • travel insuranceInsurance for a trip that covers medical emergencies abroad and often trip cancellation, lost luggage and travel delays.

More terms: Life & Health Insurance

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This page explains English vocabulary for learners. It is not financial advice.