A sudden event
The traditional accident definition requires a sudden external event acting on the body and causing damage to health.
Accident consequences · capital for permanent impairment
Private accident insurance: capital after an accident.
Private accident insurance typically pays when an accident causes permanent physical or mental impairment. Illness and the general loss of the ability to work are not automatically insured.
An accident must be the causePermanent disabilityLimb values & progressionNot a replacement for occupational disability
What the capital may be used for.
After a serious accident, alterations, aids, care or professional reorientation may be necessary. The disability benefit provides freely usable capital for these needs.
Lasting impairment
The principal benefit requires physical or mental impairment caused by the accident and expected to be permanent.
Sum and degree of disability
The basic insured sum, schedule of limb values, assessed degree of disability and any progression determine the lump-sum benefit.
Typical benefits and clear limits.
An accident policy is neither health insurance nor general income protection. Its strength is meeting capital needs after permanent consequences of an accident.
Typical cover
- A lump-sum disability benefit based on the insured sum and degree of disability
- If agreed, a higher benefit for severe disability through progression
- Depending on the policy, an accident pension or death benefit
- Depending on the policy, search, rescue and recovery costs
- Policy-dependent costs for accident-related cosmetic surgery or rehabilitation
Points to check
- Illness, wear-related conditions and other health impairments not caused by an insured accident are not covered.
- Contributing illnesses or infirmities may reduce benefits depending on the policy.
- Loss or impairment of consciousness, alcohol, motor racing and special risks may be limited.
- Disability must arise, be medically established and be reported within the policy deadlines.
- The schedule of limb values, basic sum and progression must be assessed together.
For whom may a review be worthwhile?
The question is not only the accident risk but whether permanent consequences would create an additional need for capital.
Work and leisure
Physical work or higher-risk hobbies may be relevant. Activities and hobbies must be stated correctly.
A limited addition
If occupational disability cover is not accessible, accident insurance can cover one segment—but accident consequences only.
Alterations and support
Anyone unable to fund necessary alterations, aids or care from their own resources can align the insured capital with those needs.
Illustrative example
A bicycle fall has permanent consequences.
After a fall, one hand remains permanently partially impaired. Any benefit depends on the insured accident definition, medical assessment, deadlines, schedule of limb values, accident-related degree of disability and agreed insured sum.
Illustrative example only — not personal advice and not a guarantee of cover, benefits or price.How MB Finance supports you.
We start with the possible capital need, then compare definitions, deadlines and the benefit calculation.
Potential costs of alterations, aids, care and family support are assessed.
Traditional and extended accident definitions and special exclusions are compared.
The basic sum, schedule of limb values, progression and possible additional benefits are considered together.
We explain the deadlines for the onset of permanent impairment, medical confirmation and notification of the claim.
Occupational disability, basic ability and daily sickness allowance are separated by their actual benefit triggers.
We help with notification, deadlines, documents and communication with the insurer.
Related policies for other causes.
Accident insurance covers only one segment. Illness and temporary incapacity for work require other solutions.
Next page
Continue to health insurance.
Accident consequences and medical care are different issues. The next page explains Germany's statutory and private health insurance systems and their respective rules.
Context, sources and notice
Cover is determined exclusively by the selected policy, policy schedule and insurance conditions. Benefits and loss scenarios mentioned here are examples, not a guarantee of payment. Private accident insurance does not replace occupational disability insurance.