Fifteen terms – that's all it takes for a personal accident quote or policy document to stop sounding like a foreign language. Each one gets a sentence or two in plain English, with a link where a deeper article exists. The full A–Z glossary lives on its own page.
- Personal accident insurance is sum insurance: it pays pre-set amounts, it doesn't reimburse bills.
- The policy's value comes from the sum insured and the benefit tables together.
- 15 terms = working vocabulary for getting a quote, comparing offers, and handling a claim.
The people in the contract, and its framework
1. Policyholder: the one who takes out the contract and pays the premium. 2. Insured: the person whose accidents the cover applies to. 3. Beneficiary: the recipient of the death benefit – the article on the roles covers this in detail. 4. Sum insured: the base amount the benefits are tied to – a separate article covers sizing it. 5. Start of cover: the date from which the insurer stands behind accidents: when the cover starts.
The language of the benefits
6. Accident (in the insurance sense): a sudden, externally caused event beyond your control – the definition carries everything. 7. Permanent disability: a lasting impairment left behind after recovery – the payout is a percentage tied to its degree. 8. Progressive scale: a payout with a higher multiplier for more severe disability – the degree-based logic. 9. Temporary disability: an injury that heals completely – its daily-benefit cover cushions the weeks of recovery. 10. Benefit table: the schedule attached to the policy terms that sets out the payout amount or category for each body part or event.
The language of the limits
11. Time scope: cover round the clock, or limited to working hours. 12. Territorial scope: where an accident has to happen to be paid – for the fixed-sum elements, typically anywhere in the world. 13. Exclusion: what the cover doesn't extend to – the map is here. 14. Occupational risk class: the risk class of an occupation or sport that shapes the premium and the terms – the article on physical work shows it in practice. 15. Duty of disclosure: the obligation to accurately declare data relevant to the risk (work, sport, changes) – the security of your payout rests on this: reporting a change of data.
What next?
Once you have the 15 terms down, the next step is practice: how to read policy terms this way, how to compare quotes this way – or bring your questions to a 20-minute consultation, and we'll talk it through live.
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