Affinity Enterprises: Accident & Life cover differs from Medical Aid

Accidents are by their very nature unexpected. This is why having Accident and Life cover, in addition to medical aid, is important, says Affinity Enterprises.

Accident and life cover differs from medical aid in that it is paid as a result of an ‘event’; as opposed to costs related to a ‘medical condition’.

“Although accidental death and injury cover offers policyholders financial support, it is not meant to replace a medical aid but to help accident victims or their loved ones deal with the costs associated with the incapacitation or death of the policyholder due to an accident,” says Murray Hewlett, CEO of Affinity Enterprises.

Accidental death and injury cover should be a critical consideration for anyone who supports a partner and children, as well as their parents. This type of insurance can be added to a life policy as an added value benefit, making it very affordable and offering good value for money.

A personal accident policy provides invaluable cover if the insured is injured and admitted to hospital, or is left disabled and/or passes away as a result of an accident. Most insurance plans include Hospitalisation, Total Permanent Disability cover, and Life cover.

Murray explains that some things are covered under accident and life insurance and other things are not.

Policyholders should familiarise themselves with events that accident and life insurance does not cover, which could include:

• Self-inflicted injury
• Injury due to mental disability
• Hospitalisation, disablement or death due to a hazardous pursuit
• Hospitalisation, disablement, or death due to alcohol or drug abuse
• Non-accident-related hospitalisation
• Death and disablement due to an accident or injury that occurred before the policy commenced
• Suicide

“If you’re unsure of which accident and life cover to choose, speak to your financial advisor who can assist you in getting the right insurance products to protect you and your family,” advises Murray.

About Affinity Enterprises

Affinity Enterprises Holdings is a diverse and proudly South African financial services group operating nationwide from Gauteng. Affinity Enterprises believes in holistic development. The success of the Affinity suite of insurance products comes off the back of identifying operational and client-facing gaps in the insurance market. By repositioning and repackaging our products we have been able to sustain growth of 100% year-on-year.

Affinity Enterprises parents subsidiary companies that specialise in financial, healthcare and insurance-related services. One of which includes Affinity Health, which aims to provide premier quality, affordable medical insurance to South Africans, and strives to give clients peace of mind and the highest standard of service when they are faced with injury or illness.

Since the establishment of Affinity Health in 2011, Affinity Enterprises Holdings has been nurturing optimal value for its stakeholders, aligning our business objectives with a client-centric approach to product design and service delivery.  The South African insurance market is highly competitive, driving innovation and value for consumers – a hallmark of this being market-changing product development; this is where Affinity Enterprises has excelled. Our Core Divisions include Health Insurance; Dental Insurance; Funeral Cover; Emergency Medical Services; and Integrated Emergency Response. Follow us on Facebook, or log onto our website.