Funeral. Image credit

Funeral. Image credit

ZIMSEC O Level Commerce Notes: Insurance: Accident and health insurance,funeral assurance

Accident insurance

  • There are two forms of accident insurance:
  • Personal accident insurance and
  • Group accident insurance

Personal accident

  • Is taken by individuals.
  • It covers against total disability arising from accidents e.g. sports stars or surgeons.

Group accident.

  • Taken by a group as one policy e.g. an entire football team.
  • Covers injuries which prevent members to work for a certain period or permanently.
  • Members are paid compensation for loss of income due to injury.

Health insurance policy

  • Is taken by individuals.
  • It covers medical expenses.

Funeral Assurance

  • Is taken by individuals.
  • It covers burial expenses of the assured.

To access more topics go to the Commerce Notes page

Quick NetOne, Telecel, Africom, And Econet Airtime Recharge

If anything goes wrong, chat with us using the chat feature at the bottom right of this screen