MBF Launches New Cash Injury Insurance Policy

Jul 18, 2011 - xLife

MBF has recently launched â€˜Cash Injury Insuranceâ€™, a policy that only offers lump sum payment for accidents, not illness or sickness.

What the MBF Cash Injury Insurance policy covers

The policy covers:

Accidental Death
Accidental Total & Permanent Disability
Accidental Burns
Loss of One Limb, Sight in One Eye, Speech or Hearing
Broken Bones
Daily Bed Confinement
Overseas Daily Bed Confinement
Homecare Assistance

The policy offers two levels of cover, Standard or Premier, with the latter offering a higher lump sum payment when compared to the Standard cover.

Insurance comparisons

Be sure that you understand exactly what the policy offers if you are considering this type of cover.

You should also understand what the policy doesnâ€™t cover when compared to other more comprehensive policies available on the market.

More comprehensive cover

If you are seeking more comprehensive cover which covers sickness as well as accidents, you should consider income protection insurance, or life insurance with TPD cover.

These two options offer greater coverage at a comparative premium price.

The definitions inside income protection, life, and TPD insurance policies cover more types of injuries, accidents, sicknesses and disability. This means that should something occur you may have a greater chance of making a claim.