Personal Accident Insurance – A Personal Story

The higher the level of coverage, the bigger the cash payout.

It was a Tuesday and the traffic is much heavier than usual. I suspect that there was an accident ahead. True enough, there is! I hate to see the blood all over the street, wondering while looking at the car wreckage whether the driver is still alive or not. It was a head-on collision along Sumulong Highway between a taxicab and a jeepney. An ambulance was yet to arrive, but policemen and traffic enforcers were all over the place.

While on my way to work, I kept thinking about the car driver. From the looks of it, he may not survive the collision and if ever he did, he will definitely sustain injuries that may cost his very livelihood. I can only pray for him and his family. Perhaps, he might have kids who depend on him; they might be even in school. I don’t know for sure.

What I know is my husband is also a jeepney driver and anything can happen to him while driving. We live in Antipolo and the Jeepneys here are usually ‘patok’ – that kind whose drivers love to beat the red light and swerve relentlessly. Not to mention, the banging sounds that make passengers want to alight the jeepney immediately if they could. Everyone who is riding jeepney from Antipolo to Cubao would know what I am talking about.


What happens if my husband met an accident while on the road? What will happen to me and to our kids (almost 2 years old daughter and another one on the way)? As much as I don’t want to think about it, the everyday scenarios seem to tell me that this is reality. How can I protect our family somehow?

I remember, about 2 years ago, while he was driving down the curves of the highway, his brake failed. Good thing he was able to think straight and looked for a place where he can run the jeepney against. The jeepney was full of passengers. Eventually, he found a vacant lot with a heap of soil next to a building that was being constructed. No one was hurt, thank God, but my husband wasn’t able to drive for about 4 months. He wasn’t even able to eat for a couple of days.

The owner of the jeepney, who also happens to be our godmother, told him to obtain an insurance. According to her, an insurance is his protection in case something happens. I wonder what type of insurance. I researched it and found out that she is talking about a personal accident insurance.

What is personal accident insurance?

Personal accident insurance is specifically created to provide guaranteed cash benefits to a policyholder who had a serious injury or accident (non-fatal or fatal). There are various levels of personal accident coverage. The higher the level of coverage, the bigger the cash payout.

Policyholders need to pay a monthly premium, the amount of which is typically the same throughout the length of the policy. Premiums must be paid continually otherwise you will not be covered in case of an accident or injury. If you stop paying the premiums or cancel the policy, the payments that you have made previously will not be given back to you.

During the policy term, the holder will receive the cash benefit if he or she had an accident which resulted in dismemberment or permanent disablement (terms and conditions apply). In case of death, the immediate family of the holder will receive the cash benefit. Some policies cover the members of the immediate family. However, the extent of their coverage is limited.

Any Filipino resident can avail the insurance. The eligible age, nonetheless, generally vary from one insurance company to another. Personal accident coverage is suitable for employed and self-employed especially to those working in the service sector and with heavy machineries.

You won’t be covered if:

  • the injuries resulted from an illness or disease,
  • the injuries resulted from irresponsibly exposing yourself to danger,
  • the injuries are sustained while under the influence of drugs or alcohol, and
  • the injuries are self-inflicted.

These are just some of the terms and conditions. I suggest that you always read the fine print, so you would know what are covered and what are not. Compare various personal accident policies based on the extent of coverage to determine the best coverage for you and your loved ones.

Again, no one wants an accident to happen to anyone. But if you are working on industries wherein injuries and accidents are unavoidable – my husband’s work included – , you might as well take the extra step of protecting yourself as well as your loved ones in the process. This could be in the form of an accident insurance or not. The bottom-line is, obtain protection! And yes, my husband has an accident insurance now.