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Personal Accident Insurance
Safe around you…
Why Personal Accident Insurance?
Life is full of uncertainties. None of us is ensured to avoid an accident that may happen to us any time and anywhere.
You can overcome life uncertainties with personal accident insurance. Protect you and your family and experience the feeling,
Safe around you…
Package of Insured Risks
- Death as a result of personal accident
- Temporary disability as a result of personal accident
- Permanent disability as a result of personal accident
| Insurance Risk | Insurance compensation |
|---|---|
| Death | 100% of sum amount |
| Permanent disability | Compensation is paid based on the damage caused to health |
| Temporary disability | AMD 5,000 per day, maximum 120 days* |
- No deductible applies to cases of death and permanent disability
- In case of temporary disability the deductible comprises 7 days
Benefits
- You can get the full package of financial and insurance services in the branches of HSBC Bank Armenia cjsc. Purchasing the insurance policies of one of the leaders of the Armenian insurance market – Cascade Insurance icjsc from our branches will save your time and efforts.
In case of an insurance accident the skilled professionals from Cascade Insurance icjsc will support you ensuring proper processing of your claim and reimbursement of damages caused to you.
How much will it cost
The following rates apply to personal accident insurance (the rate applies to the sum insured**).
- Death as a result of personal accident – 0.15%
- Permanent disability as a result of personal accident – 0.14%
- Temporary disability as a result of personal accident – 1.4%
The following rates apply for personal accident insurance purchased under loans provided by HSBC Bank Armenia cjsc (the rate applies to the sum insured**).
- Death as a result of personal accident – 0.14%
- Permanent disability as a result of personal accident – 0.14%
- Temporary disability as a result of personal accident – 1.4%
* In case of temporary disability, upon Customer’s request, other allowances can be assigned.
** The sum insured is determined based on your choice, however it cannot exceed 18 times of your gross monthly salary with the exception of personal accident insurance policies purchased in the framework of loan schemes whereby the sum insured must be equal to the loan amount.
