What Is Accidental Death And Dismemberment Insurance?

Accidental death and disability insurance refers to insurance that is based on the death or disability of the insured as a result of personal injury. It is the most basic type of personal accident insurance. The basic content is: the insured pays the insurance premium to the insurer. If the insured suffers personal injury during the insurance period and causes death or disability, the insurer shall pay the insured or the beneficiary designated by him during his lifetime.

Accidental death disability insurance

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Accidental injury, disability insurance refers to the death or disability of the insured as a result of personal injury

1. The insured suffered personal injury during the insurance period. It includes the following two requirements: Personal injury must be an objective fact, not a subjective inference. The objective fact that the insured suffers personal injury must occur within the validity period of the insurance. If the insured suffered personal accidents before the start of the insurance period and died or became disabled during the insurance period, it does not constitute insurance liability. In some special cases, such as the course of the insured person's personal injury, there is a period of time during which the insurance is valid and another period after the end of the insurance period. In such cases, as long as the initial time of personal injury occurs within the validity period of the insurance, the entire process of personal injury is deemed to have occurred during the validity period of the insurance. Personal accident injuries that continue to occur after the end of the insurance period also belong to insurance responsibility. ^[1]

Accidental death and disability insurance is a fixed benefit insurance. When the insurance liability is formed, the insurer pays death insurance or disability insurance according to the insurance amount agreed in the insurance contract. ^[1]

1. Object of disability insurance benefits. The significance of the insurer's disability benefits is to protect the interests of the insured who are disabled due to personal injury, so the disability insurance benefits are received by the insured himself. ^[1]

2. The objects of payment of death insurance benefits are divided into: In the case of the beneficiary designated in the insurance contract, the beneficiary will receive it. In the case that the beneficiary is not specified in the insurance contract, the death insurance money shall be taken as the estate of the insured, and shall be received by the legal heir of the insured according to the scope and order prescribed by the inheritance law. In the case where there is no beneficiary and the successor cannot be determined, the insurer does not pay the insurance money. Because in the personal accident death and disability insurance, the insurer can be regarded as the debtor of the insured. When the creditor ceases to exist or voluntarily renounces the debt, the debt is extinguished and the insurer's debt is forgiven, so there is no need to pay insurance premiums.