WAR AND TERRORISM INSURANCE

Personal Accident Insurance specifically with Death Cover due to War and Terrorism

Acts of war and terror take place in many aspects of our daily lives.  With the increase of global travel, the risk of being exposed to these threats are increased exponentially.  Major life insurance excludes death cover should the insured be killed due to acts of war or terrorism.  All major personal accident schemes also exclude any payout for an injury sustained due to an act of war or terrorism.  South African’s travelling for both work and pleasure purposes world wide need this type of cover.

South African’s particularly at risk:

• International South African Companies who are extending their services throughout the world, but particularly within Africa.
• Individuals who are contracted to different parts of the world, e.g. engineers, IT specialists, retailers, bankers, journalists, etc.
• Individuals who travel for pleasure
• Diplomats
• Medical care givers
• Pilots and Flight attendants
• Sportsmen

Significant volumes of South Africans are travelling to all parts of the world, where threat of not only war but also terrorism cannot be removed or defined.  These numbers will continue to increase with the booming economy in South Africa and the growing influence of South African business interests world wide. 
 
Underwriters

The policy is underwritten by Lloyd’s of London.

Policy Period

The policy is sold on an annual basis, with the premium paid annually upfront per named individual.

Limits of Indemnity and Premium

Four limits of indemnity for individuals per person are available:-
R1 million; R2 million; R3,5 million

Where a company is looking to insure a large contingency the proposal will be sent to the Underwriters for their consideration. These terms are for death and capital benefits following injury due to acts of war and terrorism only.