Group Personal Accident Insurance – Death & Capital Benefits Cover (Part A)
Who is the insurer?
ACE Insurance Limited.
What is the Period of Insurance?
1st August 2009 at 4.00pm Local Standard Time to 1st August 2010 at 4.00pm Local Standard Time.
What is the Policy Number?
The policy number is 02P0014428.
Who is the Insured?
The ATA is the sole insured under the policy, however Covered persons (as defined below) have automatic access to the cover benefits.
Who is a Covered person under this policy?
Full Financial Members of the ATA, who are under the age of 75 years.
Who can make a claim?
A claim can be made by any Full Financial Member of the ATA i.e. the Covered person.
What does this policy cover me for?
The payment of agreed lump sum benefits for accidental injury to a Covered person, that results in a covered Event occurring within 12 months of sustaining the injury.
Examples of a covered Event include:
- Accidental death
- Permanent Total Disablement
- Paraplegia or Quadriplegia
- Loss of sight
- Loss of Use of Limbs
- Permanent and incurable insanity
- Loss of hearing
- Third degree burns
- Loss of use of fingers/toes
- Fractured leg or patella with established non-union
What are the policy sums insured/benefit levels I can claim?
These are variable based on the type of event, so please refer to the policy for this information.
Where am I covered (Geographic Locations)?
24 hours per day, 7 Days a Week, Anywhere in the World.
Am I limited to cover for events which result from my thoroughbred racehorse training activities only?
No, cover extends beyond the training activities, to include your daily route activities. For example, this cover extends to injuries sustained whilst gardening, during leisure activities, whilst holidaying, household duties or even performing farming chores. Refer to the policy for a full description of covered activities.
Is there an Excess applicable to any claim for benefits?
No, this policy is excess free.
What are some of the major Exclusions applicable to this policy?
The policy will not provide cover in certain circumstances. For example, cover will not apply where the Covered person sustains loss, damage, liability or injury which:
- results from a Covered person participating in professional sport of any kind excluding the activities associated with licensed thoroughbred racehorse training;
- is the result of intentional self-injury, suicide or any illegal or criminal act;
- results from war, invasion or civil war;
- results from or is a complication with Human Immunodeficiency Virus (HIV);
- is an expense or payment which would constitute “health insurance business” as defined in the National Health Act, 1953 (Cth);
- results from pregnancy or child birth, except for unexpected medical complications or emergencies arising there from;
- is the result of an illness.
Please refer to the Policy Document for full details of all policy benefits, terms, conditions and exclusions.