Skip to content
Calculadora Capital
Insurance Calculators

Personal Accident Insurance Calculator

A personal accident policy does not pay a flat amount: it pays the capital multiplied by the disability percentage certified for you, and only above the minimum written into the policy. Enter what yours says and see what follows.

Total payable
€16,480.00
For permanent disability
€15,000.00
Hospitalisation allowance
€280.00
Treatment costs reimbursed
€1,200.00

Video: how to use the calculator

1

Permanent disability is a multiplication

The policy sets a capital for permanent disability, and what you receive is that capital multiplied by the percentage a doctor certifies. The percentage is chosen neither by you nor by the insurer: it comes from a clinical assessment against a table, which may be the national disability table or a table of the policy own.

2

The minimum percentage is where expectations break

Most policies only pay above a minimum percentage. Below it the cover does not pay a proportional share: it pays nothing. Other policies use a different rule and deduct a number of points from the certified figure, which reduces the payment without cancelling it. These are different rules, and the difference is the whole payment.

3

The daily allowance starts after the waiting period

The hospitalisation cover pays a set amount per day, but almost always after a waiting period expressed in days. With a three-day wait and a ten-day stay, seven days are paid. There is usually a maximum number of days as well.

4

Treatment costs have their own capital

Medical costs are reimbursed against receipts, up to a capital that is separate from the disability capital. Spending the treatment limit does not reduce what you receive for disability, and the reverse is equally true: two covers, two ceilings.

Worked example

A policy with 50 000 EUR of disability capital, a 10 % minimum, a 40 EUR daily allowance after a three-day wait and 5 000 EUR for treatment costs. With a certified 30 %, ten days in hospital and 1 200 EUR of costs, you receive 15 000 EUR for disability, 280 EUR for seven days of allowance and 1 200 EUR of costs, totalling 16 480 EUR. Had the certified figure been 9 %, the disability part would fall to zero for sitting below the minimum, and the total would be 1 480 EUR.

Frequently asked questions

What is personal accident insurance?
It is cover that pays a capital if you have an accident, typically on death or permanent disability, and usually includes treatment costs and a daily hospitalisation allowance. It covers accidents in personal life, unlike work accident insurance, which covers what happens in the employer service.
How is it different from work accident insurance?
Where the rules come from. Work accident cover is compulsory and Lei 98/2009 fixes the benefits; personal accident cover is optional and everything it pays sits in the policy. An accident at work is handled by the first, and the two can coexist without cancelling each other.
What is the disability percentage?
It is the figure that expresses the loss of capacity resulting from the injury, certified by medical assessment against a table. That number multiplies the disability capital, which is why the same policy can pay very different amounts for different accidents.
Why did my policy pay nothing for a minor injury?
Most likely the minimum percentage. If the policy only covers disability above a stated figure and the certified percentage came in below it, the cover pays nothing even though there is a lasting injury. Check the Particular Conditions for the minimum, and whether your policy uses a minimum or an excess in points.
Do treatment costs come out of the disability capital?
No. They are separate covers with separate ceilings, and spending one does not reduce the other. It is also why both lines are worth reading: a policy with a healthy disability capital can carry a very low treatment capital.

Related calculators & reading

Embed this calculator

Paste this code on your site to show the calculator. It includes an attribution link.

Language
Theme
Colour

Preview

Free to use. The code auto-adjusts its height.

Sources

Author: Thorben Rasmus Idel · Reviewed by: Nahar Geva · Last reviewed: