Accident Insurance

Accident insurance is a popular and attractive form of economic protection of the insured and his family against adverse consequences of an accident.

Ensure your safety and that of your employees and their families by stipulating accident insurance.

What products does the accident insurance include?

Depending on the insured's activities, the following types of accident insurance may be stipulated:

• collective accident insurance of employees
• insurance for the employees' household members
• insurance of drivers, passengers and persons employed in motor vehicles

What risks are persons insured against?

This insurance may be stipulated to cover:

• death by accident,
• permanent disability,
• death by illness,
• temporary disability (daily allowance),
• deterioration of health that requires medical help (medical expenses)

You can make a risk combination of your choice. Full insurance protection is ensured by stipulating insurance against all stated risks.

The amount of sum insured

We all know that man's life and health have no price. However, when an accident occurs, money shall be needed to cover extra expenses.

The amount of indemnity payable to the insured in case an accident occurs is determined by the stipulated sum insured, the amount of which is up to you. The higher this amount is the higher the amount of the benefit.

What does the amount of premium depend on?

The premium amount depends on the amount of the sum insured. The amount of premium is also closely related to the occupation of the insured i.e. the class of risk his organisation belongs to.

What is a collective combined insurance of employees?

If you are interested in the safety of your employees and members of their household, you might opt for this type of insurance protection.

Collective combined insurance of employees refers to the combination of types of economic protection against consequences of injuries sustained at work, during travel to and from work, as well as during everyday activities.

This insurance also provides protection against the most serious consequence of an illness that may overtake anyone of your employees.

All employees are insured under same conditions. Premium is paid monthly or annually, as a single payment. As a rule, the employer contracts insurance of employees.

In case the company you work with did not purchase this insurance or you want to ensure higher protection for yourself, you may take out the policy on the basis of the list of interested persons. In this case, you pay the premium yourself, on a monthly basis, through pay deductions.

How to insure your household members?

Household members may be insured as part of collective insurance of employees, under same conditions.

Persons between the age of 14 and 75 are eligible to arrange for this type of insurance protection. Insured may be also members of a separated household (children, parents and other persons not living in the same household with the employee) up to 75 years of age.

Premium for household members shall be paid by the employee, on a monthly basis through pay deductions.

For whom can you arrange for this type of insurance protection?

Besides collective insurance you can also purchase, as a separate policy - insurance of drivers, passengers and workers who run your motor vehicles or are transported therein.

By combining these two types of products you ensure higher level of security, since in case an accident occurs, you are entitled to indemnification under all policies.

This insurance provides cover for accidents related to running and/driving a motor vehicle, (un)loading of goods, managing a vehicle, working on attachments, etc.

What shall be paid out in case of an accident?

In case of an accident, the sum insured for death by accident or an indemnity that is proportional to the percentage of the determined permanent disability in conformity with the DDOR Novi Sad Disability Table.

If due to an accident the insured was temporarily incapable of performing his work duties, the stipulated amount for daily allowance is paid out.

Medical expenses related to the injury, which the insured had to pay by himself, shall be indemnified on the basis of submitted original bills but only to the amount of the sum insured. Medical expenses shall also include a sum that is paid on the account of days spent on hospital treatment (up to 30 days), referred to as "hospital days".

As for collective insurance of employees and their household members, it also includes the risk of death caused by illness.

The amount of liabilities by individual risks has been precisely defined by the General Insurance Terms and Conditions and relevant Supplementary Terms and Conditions, which are inherent part of an insurance contract. In order to become familiar with rights that stem from this insurance product, do not hesitate to ask our representative to provide you with detailed information with regard to these insurance conditions.