Group accident insurance is a policy that provides financial coverage for expenses incurred from an injury to a student, athlete, fan, volunteer, or an event participant. It pays a benefit directly to the policyholder if they have a covered injury, on or off the job, and need treatment.

Group accident insurance can provide a lump sum cash payment to an individual due to an event covered under the policy. The funds can be used as needed to help cover things like deductibles, out-of-pocket medical costs, or everyday living expenses.

Some injuries that are covered by group accident insurance include:

Burns, Comas, Concussions, Dental or eye injuries, Dislocations, Fractures, Internal injuries, Knee cartilage.

Group accident insurance is offered by commercial or industrial establishments as accident coverage for employees, workers, members, etc…

Personal accident insurance (PAI) is an annual policy that provides compensation if the policyholder is injured, disabled, or dies due to an accident. PAI is different from medical, health, and life insurance.

PAI covers a range of situations, including:

• Being unable to work
• Having a defined injury, such as loss of eyesight, hearing, or fractured bones
• Being disabled
• Tests like X-rays
• Injuries from less dangerous sports like hockey and soccer
• Coverage for youth activities

PAI provides beneficiaries with a lump sum or monthly compensation to supplement lost income. The cash benefits can be used for expenses like copays and deductibles, or to pay off bills or take a vacation.