Whilst accidents claim many lives each week, many more lives are affected by a serious injury which can result in months off work and the added burden of costly rehabilitation expenses. Accidental Injury Cover is an additional optional benefit available with Accidental Death Cover and provides a lump sum payment of up to $200,000 if the insured person suffers any of ten specified injuries as a result of an accident including a partial payment for specified broken bones. The amount of the benefit payable for a broken bone is 10% of the sum insured capped at either $5,000, $10,000 or $20,000 depending on the type of fracture suffered.
To be eligible for Accidental Injury Cover the insured person must simply be an Australian resident aged 65 years or under. Premiums for this cover are highly competitive with one low flat rate regardless of age or gender.