Answered by Sam Barr-Worsfold
The difference between Personal Accident and Critical Illness insurance
Personal accident insurance is designed to pay a lump sum if you suffer an accident whereas critical illness insurance will pay a lump sum if you are diagnosed with a critical illness condition, which also includes the potential results of a serious accident, such as the loss of a limb or loss of sight.
The amount payable on personal accident insurance will usually be determined by the type of accident or severity of the injury. Critical illness insurance plans will often pay the whole lump sum if your illness is severe enough to meet the criteria, however, some insurers now will pay a proportionate benefit if your illness is less severe.
Generally speaking, personal accident plans are popular amongst people who participate in hazardous sports or pastimes whereas critical illness insurance is often taken for the purposes of paying off a mortgage debt.
Our verdict on the most comprehensive cover between the two
Critical illness plans are generally more comprehensive than personal accident plans given that they can also payout for various illnesses in addition to accidents, such as types of cancer, heart attacks and strokes.
Get in contact
If you would like to discuss this further or have any other questions don’t hesitate to contact us on 01273 646 484 or pop us an email email@example.com. We are completely independent and have access to the whole of market.
Frequently Asked Critical Illness Insurance Questions
They were patient thorrgh and good value for money. I regret not using them before and I will use them again in the future.
Very excellent service and informative. All options were offered and I had to make my own decision at the end. Would recommend.
Very efficient and well instructed service with polite staff, I felt Drewberry really did do their utmost to find the best deal for me personally.