Life, work, study, and daily activities are always full of uncertainties and unforeseen accidents. What will you do to protect yourself and your loved ones? Personal accident insurance will protect you against unfortunate accidents occurring 24/7 within the territory of Vietnam. The insured will receive compensation in cases of accidents covered by the insurance policy.
Insurance coverage is available for all Vietnamese citizens and foreigners working or studying in Vietnam, from 15 days old up to a maximum of 70 years old.
Insurance coverage is void and liability does not apply to the following individuals: those with neurological or mental illnesses, or leprosy; and those with permanent disabilities or injuries of 50% or more.
1/ Scope of coverageThe coverage under these Insurance Terms and Conditions is only valid within the territory of Vietnam.
2/ Insured Risks: Insurance coverage for death or bodily injury resulting from an accident or from the Insured's actions in saving lives, protecting state or public property, and participating in combating illegal activities.
In cases where the Insured participates in professional competitions such as: car racing, horse racing, football, boxing, mountain climbing, surfing, boat racing, surveying, exploration; in the event of an accident, insurance coverage will only be provided if the Insured has requested and paid additional insurance premiums and this has been accepted in writing by Bao Viet Insurance.
3. Insurance Validity: The insurance becomes effective immediately after the policyholder pays the premium as stipulated.
1/ In the event that the insured dies due to an accident covered by the insurance policy, Bao Viet Insurance will pay the full insurance amount stated on the Insurance Certificate or Insurance Contract.
2. In the event that the insured suffers bodily injury due to an accident covered by the insurance policy:
a/ The insured person participates in the Basic Insurance Amount: Bao Viet Insurance pays according to the table of disability insurance payout rates.
b/ The insured person participates in the Special Sum Insured:
Bao Viet Insurance covers all actual medical expenses incurred, including: medication, surgery, treatment, or use of medical equipment as prescribed by a doctor, nursing care costs, room rental, ambulance rental, plus a daily allowance of 0.1% of the sum insured, up to a maximum of 180 days per year. The maximum compensation amount will not exceed the applicable rate for that particular injury.
In the event that medical expenses related to the same injury covered under this Insurance Policy are partially or fully reimbursed or covered by other types of health insurance, Bao Viet Insurance will pay the full difference that the Insured must pay plus a hospital stay allowance of 0.1% of the Sum Insured/day or 100% of the
disability rate applied to the insured amount of VND 30,000,000/person/incident, whichever is greater.
3/ Table of disability insurance payout rates issued according to Decision No. 1417/2012/QD-TGĐ/BHBV dated May 9, 2012, of the General Director.
4. In the event that the insured suffers an accident covered by the insurance policy, and within one year from the date of the accident the insured dies as a result of that accident, Bao Viet Insurance will pay the difference between the sum insured stated in the Contract or Insurance Certificate and the amount previously paid.
5. In cases where the consequences of an accident covered by insurance are aggravated by pre-existing illness or disability of the Insured, or by delayed or improper treatment of the injury not in accordance with medical instructions, Bao Viet Insurance will only pay insurance benefits as if the injury were sustained in a healthy person with proper treatment.
