Page 90 - Policy Wording - Hollard Prestige Portfolio

88 Hollard Prestige Portfolio – Version 1.5 – 19 June 2024
Section 6 – Personal accident
Specific definitions for this section
○ Accident means an external, sudden, unexpected and specific event that is the direct cause of bodily injury.
○ Annual earnings means the annual equivalent wage or guaranteed salary paid to you at the time the accident
occurs.
○ Bodily injury means injury to the body caused by violent, accidental, external, unexpected and visible means.
○ Permanent disablement means total disablement.
○ Temporary total disablement means temporary total disablement.
○ Temporary partial disablement means temporary incapacity.
○ Weekly earnings mean annual earnings divided by 52.
○ Maximum amount payable means the maximum amount payable under this section for any one event is the limit
stated in the schedule. The maximum amount payable to you/your means:
– in respect of you and your spouse or partner, children, parents and relatives who permanently reside with
you and are financially dependent on you is the limit stated in the schedule per event and;
– in respect of domestic employees is the limit stated in the schedule per event.
○ Personal accident covers the policyholder for loss of income and/or bodily injury subject to an accident resulting
in disability or death.
Where we cover you
Anywhere in the world, but the domicile insured addresses will be limited to the Republic of South Africa.
What is covered
○ Death benefit means cover for death caused directly by bodily injury due to an accident occurring within 12 months
of the accident. We will pay you the limit stated in the schedule.
○ Death-related benefit means in the event of a claim being payable under the death benefit, we will pay the limit
stated in the schedule to make arrangements related to the death.
○ Disappearance means if you disappear and the remains are not found within 12 months, provided that sufficient
evidence is produced to conclude that an accident caused the death, we will pay the death benefit.
○ Life-support machinery means the 12-month period shall not include any period or periods where the death is
delayed by the use of life-support machinery, equipment or apparatus. We will pay you up to the limit stated in
the schedule for the cost of life-support machinery and equipment following an accident. However, this amount
must not be recoverable from any other policy including any other cover you may have.
○ Loss of earnings means the loss of income during permanent or temporary disablement within the period as
stated in the schedule.