Insurance WAEC

The policy which covers either death or disability resulting from an injury is?

A. personal accident insurance
B. fidelity guaranteed
C. sickness insurance
D. motor insurance

Correct Answer: Option A

A. personal accident insurance

Explanation

Personal Accident insurance or PA insurance is an annual policy which provides compensation in the event of injuries, disability or death caused solely by violent, accidental, external and visible events. It is different from life insurance and medical & health insurance.

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