Personal accident insurance, also known as Accident Protection Insurance or Accidental Death & Dismemberment (AD&D) Insurance, is designed to cover you and your family in the event of an unforeseen accident. It is a type of insurance policy that provides financial compensation—generally a lump-sum payment and/or a series of payments based on the extent of injury—to you or your beneficiaries in the event of accidental death or the loss of a bodily function.
This type of insurance is often relatively affordable and can provide a certain degree of peace of mind for you and your loved ones. It can also provide financial protection for those who are unable to work due to a disabling injury or illness. With personal accident insurance, you can have the assurance that you and your family are financially protected in the event of an unexpected accident.
