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To provide compensation in the event of an accident causing death or injury
The purpose of personal accident insurance is to pay fixed compensation for death or disablement resulting from accidental bodily injury.
Personal accident and sickness policies are renewable annually and if a claim has occurred which could be of a recurring nature, the cover may be restricted at renewal or in severe cases renewal may not be offered
It is against accident happening at any time and anywhere including flying as a ticket holding passenger in an aircraft operated by an Air Transport organization providing scheduled air services.
Three types of Table:
Table A
Table B
Table C
Table A
Death permanent and temporary disablements.
Table B
Death permanent total and partial disablements.
Table C
Death only.
Compensation Scale
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Table A
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Table B
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Table C
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CLASS 1
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TK.30.00
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TK 12.50
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TK 8.50
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CLASS 2
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TK.40.00
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TK.16.00
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TK.11.00
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CLASS 3
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Tk.50.00
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Tk.21.00
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Tk.15.00
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Annual Premium for Sum Insured of Tk.10, 000.
For Ages between 16 and 65 years.
Larger compensation medical expenses can be included under Table "A" at an additional premium @10% of basic premium.
Group Personal Accident Policy
Issued where there is some common relationship among the persons to be insured. People´s Personal Accident Insurance
Same as personal accident policy.
Sum-insured is limited Tk.1, 00,000/-
Premium very low –Tk.60/-
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