• To provide compensation in the event of an accident causing death or injury
• The purpose of personal accident insurance is to pay fixed compensation for death or disablement resulting from accidental bodily injury.
• Personal accident and sickness policies are renewable annually and if a claim has occurred which could be of a recurring nature, the cover may be restricted at renewal or in severe cases renewal may not be offered
• It is against accident happening at any time and anywhere including flying as a ticket holding passenger in an aircraft operated by an Air Transport organization providing scheduled air services.

Three types of Table:

• Table A
• Table B
• Table C

Table A

Death permanent and temporary disablements.

Table B

Death permanent total and partial disablements.

Table C

Death only.

Compensation Scale

• Annual Premium for Sum Insured of Tk.10, 000.
• For Ages between 16 and 65 years.
• Larger compensation medical expenses can be included under Table "A" at an additional premium @10% of basic premium.

Group Personal Accident Policy

Issued where there is some common relationship among the persons to be insured. People´s Personal Accident Insurance

• Same as personal accident policy.
• Sum-insured is limited Tk.1, 00,000/-
• Premium very low –Tk.60/-