What does the policy cover?You should refer to the Product Disclosure Statement and Policy Wording for full details of coverage, however in brief the policy covers insured persons for permanent disability or death as a result of an accident. It does not cover sickness, medical expenses or income protection/salary continuance. The policy also includes a ‘Bed Care Benefit’ which is a payment calculated daily for the time you are hospitalised (for more than 24 consecutive hours) as a result of an accident only.
How much am I covered for?You should refer to the “Table of Events” which is on page 4 of the Product Disclosure Statement and Policy Wording for full details, however in brief the sum insured for each adult as a result of death is $30,000 along with a number of other benefits which are outlined in the “Table of Events”. The maximum benefit payable on the policy is in respect to Quadriplegia and Paraplegia, which is $60,000. The Bed Care Benefit is $50 for each day you are hospitalised. Subject to policy terms and conditions.