Factors of Consideration on Accident Sickness Insurance
There are many types of insurance in the market with an equal host
of insurance providers. These exist because there are many
possibilities that can happen in any individual’s life; different
impacts on an individual would trigger off different insurance policies
that would benefit the insured.
Accidents
Any working
consumer should consider the accident sickness insurance which caters
to the inability to work due to an accident. This type of insurance
policy is known as the accident sickness and unemployment plan or ASU.
The ASU policy benefits the insured against loss of income during the
unemployment period. The policy covers all types of accidents that
befall the worker that would not allow the worker to carry on with work
for some period of time. The main objective of this policy is to
protect the worker from a lack of income to meet the regular expenses
as well as the addition medical expenses during the sickness and
unemployment period.
Benefits
The compensation from
the accident sickness insurance allows the injured worker to maintain a
sustainable livelihood until employment is possible again. A small
premium is worked out for the worker to pay monthly over a period of
time; this is usually an affordable amount which would cover the worker
when he is affected by an accident. ASU policies normally cover the
worker’s inability to generate income for as long as one year.
There are many types of ASU policies which can be generated depending on various factors of consideration.
Factors of consideration
The best Accident Sickness Insurance
policy can be generated if the working consumer considers several
factors carefully; one of which is the period of initial exclusion.
There may be a waiting period or cooling period to certain ASU coverage
policies depending on the insurance provider or type of ASU plan
purchased. Hence, there would be no coverage or insurance protection if
the accident happens during this waiting period.
There must
be sufficient evidence to prove the worker’s claim on unemployment to
activate the ASU plan. Hence, the wise working consumer must understand
the type of acceptable evidence to generate an appropriate ASU
insurance policy that would be beneficial. Although severe backache and
stress are two acceptable medical evidences for complete rest without
employment, insurers may choose to differ on the severity of the
evidence unless the insurer’s medical practitioners or relevant
specialists confirm the condition. The worker’s GPs’ reports or
recommendations would not be deemed acceptable.
Welcome to Accident Sickness Insurance - Meet your living expenses in the event you are unable to work through Accident Sickness Unemployment Insurance. The main aim of ASU is to meet your financial outgoings and help maintain a Income Protection Cover.
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Accident Sickness Unemployment Insurance for the Unemployed
Accidents can happen anywhere at anytime to anyone. The worker may
be at work when the accident befalls to result in a light or serious
injury. This is where accident sickness insurance can come in handy. If
the injury is serious enough to cause the worker to be out of work for
some days, the accident sickness policy protects the worker against
sickness and loss of income due to redundancy.
Policy coverage
Workers
in the industry should consider the accident sickness insurance plan
which covers unemployment benefits. If the worker is hurt and unable to
carry on working because of the accident, this is classified as
accident sickness unemployment condition. The corresponding insurance
protects the injured worker with the regular pay out for the worker as
stipulated in the policy until the worker is deemed fit to return to
work.
The ASU policy covers mortgage repayments, loan
repayments and credit card bills if these aspects have been included in
the policy. It depends on how much the worker can afford or is willing
to pay the premium for the relevant ASU policy to be in effect as there
can be many forms of ASU insurance depending on the worker’s choice.
The
wise worker should consult the experienced and professional ASU
insurance companies to be advised on the best ASU policy for the
benefit of the worker and the dependents as some workers may be the
sole breadwinner of the family.
Benefits
The ASU
insurance coverage holds many benefits to the worker who is injured and
cannot work for some time. There is financial coverage for the injured
worker to sustain life as per the monthly expenses until a full
recuperation from the injury. The policy stops remitting the required
finances when the worker is able to earn again. Otherwise, the ASU
policy ensures that the injured and unemployed worker has the regular
income to sustain their livelihood until a return to employment.
The
premiums of ASU policies can be minimal to the worker which would be
affordable to cover some aspects of the worker’s finances should any
accident befall him or her. The ASU plan can cover more than the
regular work income if the right deal was struck at the start of the
policy commencement.
Hence, it is vital for workers to
consider their ability to work during their sickness due to an
accident. If not, it is wise to consider the Accident Sickness Unemployment Insurance plan immediately especially if the worker is involved in high risk jobs.
Welcome to Accident Sickness Insurance
- Meet your living expenses in the event you are unable to work through
Accident Sickness Unemployment Insurance. The main aim of ASU is to
meet your financial outgoings and help maintain a Income Protection Cover.