In addition to health and life insurance, a worker (especially if he is the main source of family livelihood) needs to specifically have an insurance product that protects himself related to the risks he faces, especially at work. Therefore, for those who have high-risk jobs, it is highly recommended to make accident insurance, so that work becomes safer.
There are many professions that are prone to the risk of personal accidents that need to be anticipated, especially for field workers or those working in the manufacturing industry. In accordance with labor regulations that every project or job in an industry must prioritize occupational health and safety so that both individuals and companies must protect their employees with personal accident insurance protection. This is actually also beneficial for workers and companies if there is a risk of work accidents.
What is the difference between Personal Accident Insurance and Other Insurance? Is Insurance that is managed by your government Not Enough?
Judging from the function and purpose of personal accident insurance, it is slightly different from the health insurance, life insurance, or health/employment insurance products that are owned by the government itself. Life insurance is designed to protect you from all forms of risk of death. Health insurance that is owned by the government tends to protect against an illness that occurs not because of an accident, while the government-owned employment insurance often does not cover all the costs of worker accidents.
In general, every worker is covered by social security for employment and health because it has been mandated by law. However, in reality, the need for social security protection is not the same for each person so that protection is needed outside of social security. So, if you need other protection outside of social security, protection from private companies is the solution. There are many choices according to your needs.
Therefore, personal accident insurance products are intended to protect against the risk of work accidents, including the risk of death that occurs specifically during working hours or is related to work. For example, if you have an accident on your way to a meeting during working hours, personal accident insurance will provide coverage.
What Are the Advantages and Benefits of Personal Accident Insurance?
Because it is specifically aimed at protecting employees, especially those at high risk of work accidents, this product has many advantages over general insurance products such as the following reviews:
Providing a sense of security for the insured and his family from a financial point of view
Working comfortably and feeling protected can certainly increase work productivity. Moreover, no one knows the name of an accident. It can happen at any time without being predictable and of course with unexpected costs.
Personal accident protection is comprehensive, from minor to fatal accidents, which result in the death of the insured person. This is important considering that usually, workers are the backbone of the family so that any risks that occur interfere with family income. This comfort can be provided by personal accident insurance.
Reduce medical expenses so that you do not suffer more when you have a disaster
Every risk to health, especially in the case of personal accidents, is very expensive. We can never predict or make a budget for an accident risk because it can never be predicted beforehand. For conditions like this, personal accident insurance is the best solution that can alleviate when a disaster occurs.
Can be used as Old Age Security
The principle of insurance if used long-term is like a savings or savings account. You are more confident and comfortable making a family financial plan for the future because personal accident insurance guarantees and even provides compensation for any risk of accidents. Convenience like this can make the future and old age more secure and well planned.
Protection of the family if there is a risk to the life of the insured
Work accidents can be fatal to the point of death. If this happens, your family will automatically be affected due to the cessation of the income of the head of the family. If you have personal accident insurance, the income of the insured who is affected by the disaster which causes the income to stop will be reimbursed by the insurer in the form of monthly compensation within a certain time as stated in the policy.
Another scheme of personal accident insurance is in the form of a large sum insured. This sum insured can be used as business capital to support the life of the family left by the insured.
When the Personal Accident Insurance Needed?
For workers who have risky professions as reviewed above, personal accident insurance protection is needed when they start working. Bonafide companies usually have automatically included their work with the insurance program. If not, then it’s a good idea to join the insurance program yourself. The premium fee is insignificant compared to the risks you will face later, whether you are single, especially if you have a family.
The Risks Guaranteed by Personal Accident Insurance
A number of risks that can befall workers/employees while undergoing their profession. This is why personal accident insurance exists. To be clearer about personal accident insurance, there are several risks that workers/employees need to know about taking out personal accident insurance.
A number of the following risks are covered by personal accident insurance and listed in the insurance policy.
- Risk of death or permanent disability due to accidents, including poisoning due to inhalation of poisonous gases or vapors, exposure to viruses or germs, and suffocation or drowning.
- Risk of death or permanent disability due to the entry of viruses or germs into the insured’s wound and complications or worsening of the disease due to an accident covered by the policy.
How is the Compensation for Accident Insurance Participants?
Quoting the Standard Personal Accident Insurance Policy in general, the version of the General Insurance Association, the sum insured or compensation received by the insured or accident insurance participant varies, depending on the risks experienced by the insurance participant. The insurance participant or the heir whose name is listed will receive 100% of the sum insured for the risk of death.
Meanwhile, for the overall risk of permanent disability, the insurance participant will receive 100% of the sum insured. For the risk of partial permanent disability, insurance participants will receive different percentages based on the disabilities experienced.
- The right arm starting at the shoulder joint will receive 60%.
- The left-arm starting at the shoulder joint will receive 50%.
- The right arm starting from above it the elbow joint will receive 50%.
- The left-arm starting from above the elbow joint will receive 40%.
- The right hand starting from above the wrist will receive 40%.
- The left hand starting from above the wrist will receive 30%.
- One leg from the knee to the groin will receive 50%.
- One leg from the ankle to the knee will receive 25%.
- The thumb of the right hand will receive 15%.
- The thumb of the left hand will receive 10%.
- The index finger of the right hand will receive 10%.
- The index finger of the left hand will receive 8%.
- The little finger of the right hand will receive 8%.
- The little finger of the left hand will receive 6%.
- The middle or ring finger of the right hand will receive 5%.
- The middle or ring finger of the left hand will receive 4%.
- One big toe will receive 8%.
- One other toe will receive 5%.
- One eye will receive 50%.
- Hearing in both ears will receive 50%.
- One ear hearing will receive 25%.
- Next to the ear lobe as a whole will receive 5%.
Get Accident Insurance Immediately because of Unpredictable Accidents
Disasters due to illness can usually still be faced using reserve funds or health insurance products such as government health insurance programs because usually the costs are not too large and are not urgent, they must be in large amounts and immediately. This is different from accidents, which are almost always included in the category of emergency, large costs and must be available as soon as possible because they involve the sufferer’s soul.
This risk can actually be anticipated, especially if your profession is a worker with large accident risk. In addition to working according to company safety standards, personal accident insurance protection is also important to do in order to avoid major financial risks and get a myriad of benefits like the reviews above.
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