Allianz PAB Plus makes Personal Accident Insurance more accessible

Allianz Insurance Lanka Ltd (Allianz Lanka) introduced an affordable Personal Accident Insurance policy, Allianz PAB Plus, with a host of additional covers and benefits. The budget-friendly solution is set to offer a higher degree of protection to policyholders and their loved ones in the unfortunate event of an accident.

The policy comes with a primary cover of Rs.400,000 for loss of life of the insured due to an accident or Rs.400,000 for loss of eyesight, hand, feet or any other organs, the company said in a media release.

Additional benefits include Rs.400,000 in the event of loss of life of the insured due to an accident whilst being a passenger in any mode of transportation or as a pillion rider on a motorcycle.

It also helps policyholders meet any accident related medical expenses with a payment of up to Rs.40,000 towards medical treatment obtained by the insured due to an accident or a daily allowance of Rs.400 per day, up to a maximum of 40 days, during hospitalisation in a government hospital due to an accident. The policy will also cover funeral expenses, up to Rs.40,000 in the event of the death of the insured due to an accident.

Allianz PAB Plus offers all these benefits for an ultra-low premium of Rs.400 per year making personal accident insurance more accessible to all Sri Lankans.

“In line with our commitment to helping secure people’s lives, we strive to extend the benefits and protection offered by our world-class insurance solutions to more Sri Lankans. Allianz PAB Plus is yet another step in this direction. This affordable personal accident insurance policy offers a host of additional covers and benefits, delivering greater value to our policyholders and their loved ones,” said Anura Perera, Head of Commercial, Allianz Insurance Lanka Ltd.