NISM Certifications · NISM-Series-X-B: Investment Adviser (Level 2) · Non-Life Insurance Products
Which of the following is generally covered under a standard personal accident policy with accidental death benefit?
A personal accident policy covers death resulting from a violent, external, visible accident. Deaths from natural causes such as heart attacks, pre-existing illnesses or diseases like cancer are not accidental and are therefore outside its scope, being matters for life or health insurance.
- ADeath caused by a violent, external and visible accidentCorrect
- BDeath due to a heart attack from natural causes
- CDeath from a pre-existing illness
- DDeath from a disease such as cancer
Explanation
Personal accident cover pays for bodily injury caused by violent, accidental, external and visible means. Natural deaths from heart attack, illness or disease are not accidents and fall under life or health policies.
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