Page 35 - W01TB8_2017-18_[low-res]_F2F_Neat

Chapter 1 Risk and insurance 1/17 Chapter

L1G Health insurance 1

There are a number of different types of insurance related to the health of a person:
• Personal accident: cover in the event of accidental death or injury.
• Sickness: cover for an inability to work due to sickness.
• Medical insurance: cover for individuals who seek medical treatment when they are ill.
• Payment protection indemnity: fixed benefits for individuals who suffer an accident, are ill or lose
their jobs. Benefits are usually geared to known outgoings such as mortgage repayments, but may
include more general expenses.
• Critical illness: cover in the event of the diagnosis of a defined range of serious illnesses.

Sample examination question 2

Insurance cover can usually be purchased to protect against:
a. an investment loss on the stock market. F
b. dishonesty of an employee. F
c. failure of a business venture. F
d. war damage to a domestic property. F Reference copy for CII Face to Face Training