Personal Accident Insurance
Personal accident policies are designed to offer you financial
protection in the event of accident or injury. Service life brings
with it an element of danger unmatched in the civilian world and
the consequences of that danger can have a serious financial impact
on both individuals and their families.
Personal accident insurance is strongly recommended by the
Ministry of Defence in addition to the Enhanced Armed Forces
Compensation Scheme. There are very few dedicated schemes still on
offer to Servicemen and Women which provide genuine cover, on and
off duty, at significant levels of benefits.
The scheme we have selected to provide is underwritten by
Consortium of Lloyds insurers , and is a bespoke military product,
offering generous levels of cover at a fair price. An outline of
the cover is below.
| Benefit |
Option 1 |
Option 2 |
Option 3 |
| Section 1 |
1. Accidental Death |
£10,000 |
£20,000 |
£40,000 |
| 2(i) Permanent Total Disablement from any and every
occupation |
£20,000 |
£40,000 |
£80,000 |
| (ii) Permanent Total Disablement from Usual
Occupation (HM Forces Personnel only) |
£10,000 |
£20,000 |
£40,000 |
| 3. Loss of both limbs |
£20,000 |
£40,000 |
£80,000 |
| 4. Loss of both eyes |
£20,000 |
£40,000 |
£80,000 |
| 5. Loss of one limb or eye |
£12,500 |
£25,000 |
£50,000 |
| 6. Loss of speech |
£12,500 |
£25,000 |
£50,000 |
| 7. (i)Loss of hearing in both ears |
£15,000 |
£30,000 |
£60,000 |
| (ii) Loss of hearing in one ear |
£7,500 |
£15,000 |
£30,000 |
| Burns (up to) see Extension 4 |
£6,000 |
£12,000 |
£24,000 |
| Fracture benefit (up to) |
£250 |
£500 |
£1,000 |
| Section 2 |
| Hospital Cash ( per day) - up to a maximum of 365
days in all |
£15 per day up to a maximum of £5,475 |
£30 per day up to a maximum of £10,950 |
£60 per day up to a maximum of £21,900 |
| Section 3 |
| Convalenscene (per week) - up to a maximum of 52
weeks in all |
£40 per week up to a maximum of £2,080 |
£80 per week up to a maximum of £4,160 |
£160 per week up to a maximum of £8,320 |
| Section 4 |
| Shrapnel Benefit |
£300 |
£600 |
£1,200 |
| Section 5 |
| Optional Term Life (Death by Natural Causes
only) |
£10,000 |
£20,000 |
£40,000 |