Sponsored Ad

Dismiss Notice
For fuller site visibility and advert-free browsing, simply log-in or register.

PERSONAL ACCIDENT INSURANCE

Discussion in 'Overseas Section' started by Daffs, Jul 29, 2019.

  1. Daffs

    Daffs Member

    Joined:
    Jan 3, 2019
    Posts:
    48
    App Stage:
    Parent
    Good day, Please could someone give me recommendations for a company offering PAI for my son. He is starting RT on 9th September and it is suggested he has this cover. I've attached a thumbnail of the paragraph from the letter. Thanks all.
     

    Attached Files:

  2. Caversham

    Caversham Former RM Commando, Moderator

    Joined:
    Mar 22, 2009
    Posts:
    4,464
    I have never seen or heard anything like this before, but I've been out of the loop for quite a while, so things may have changed.

    RT and military service is very risk prone, due to the very nature of the work that your son is entering. However, what I do know is that if he is injured during RT, after RT, or on operations he will be covered by the Armed Forces Compensation Scheme, (AFCS). So you should have no worries on that score. The letter basically states this.

    What this seems to be advocating is that he takes out a policy for accidents that may occur outside of his working life. I have never heard of anyone doing this, so cannot advise on what the premiums may be, but whenever the occupation of service man or woman is entered the premiums do tend to shoot up.

    Alan
     
    • Like Like x 1
  3. Chelonian

    Chelonian Moderator

    Joined:
    Aug 10, 2010
    Posts:
    8,063
    My assumption is that this suggestion is made to all Recruits and not only to those joining from overseas. Someone here might be able to confirm if this is the case.

    Depending on circumstances such cover can be a good idea. For example, a Recruit with dependents, perhaps a young family, might need the peace of mind that such a policy provides in the event of a non-service related incident.
    I speculate that the service is being diligent by highlighting that its 'cover' cannot be assumed to be universal for all non-service incidents or injuries.

    The UK has multiple providers of such insurance cover. A browse through UK price comparison websites should give an idea of cost. But cover is also available from independent insurance brokers which are not locked into price comparison sites so it's worth looking at quotes from them too.

    The content of your screen grab suggests that PAI is advisory and not mandatory.
     
    • Like Like x 1
  4. Daffs

    Daffs Member

    Joined:
    Jan 3, 2019
    Posts:
    48
    App Stage:
    Parent
    @Chelonian thank you so much. Yes it is not mandatory, but I thought it would be a good idea to have it. Thought of him doing something on a weekend home, maybe playing rugby or something and gets injured....then this will come in handy. Will check the options out, thank you.
     
  5. Daffs

    Daffs Member

    Joined:
    Jan 3, 2019
    Posts:
    48
    App Stage:
    Parent
    @Caversham thank you very much. I will look into it a bit more, I also figured it was the injury "outside of base" or whilst on leave etc. That this would apply to. I'll see what the premiums are like, if high, he will just have to make sure he doesn't run infront of a bus
     
    • Like Like x 1
  6. Chelonian

    Chelonian Moderator

    Joined:
    Aug 10, 2010
    Posts:
    8,063
    Taking a look at options offered by independent UK brokers might be worthwhile. It should be possible for a bespoke policy to be created which will suit your lad's particular needs for about the same cost as an off-the-peg solution. For example, a single man might not require cover which provides support for dependents.
     
  7. Wings

    Wings Parachute Regiment

    Joined:
    Nov 3, 2014
    Posts:
    1,097
    If its like our training he will get a brief from Trinity Insurance and Pax Insurance Pax is good when at home you can pay for 1 x a unit which covers you for everything you can think of. For around 4 pound a month however if you get injured you get 1 x the payout for big injuries it is still a lot. But if he went away he can change it easily up to 15 units of cover
     
    • Gen Dit Gen Dit x 2
  8. R

    R Well-Known Member

    Joined:
    Jan 20, 2008
    Posts:
    1,771
    This is a minefield! But highly recommend, including a form of private health. Even in the event of an in service injury, any compensation funds are slow coming and will be below the payout level of a private policy. Also worth remember that surgery which is considered elective by the NHS will place you on a waiting list, seeing a specialist let alone being given a surgery date will roll into weeks then months.

    Its worth looking at the claim vs payout figures for insurance providers before selecting the policy which is best for your situation. Good Luck!
     
    • Like Like x 1
  9. Ninja_Stoker

    Ninja_Stoker Admin

    Joined:
    Jul 10, 2007
    Posts:
    34,171
    The Personal Accident Insurance came about after the Falklands campaign when it was discovered that most life/accident insurance companies have an exclusion clause for service personnel in the war-fighting environment. It was one of the reasons we never actually declared the Falklands conflict as a war, per se.

    As ever, insurance companies are quick to cash-in and one company introduced PAX, specifically for service personnel on operational deployments. Most service personnel choose to buy a flat rate monthly premium, for which they pay a set amount per unit, which pays-out a set amount in the event they become a casualty, as described by @Wings, above.

    During the Herrick Years, it was commonplace to buy extra units of cover for the duration of the operational tour - hence the phrase "Pax to the max".

    One Royal Marine sadly lost his life whilst deployed and wrote into his will that the lads in his particular unit had a free holiday at the expense of the insurance company. Tragic, but a fantastic gesture: https://www.yorkpress.co.uk/news/90...aves-100000-to-send-his-friends-on-a-holiday/

    https://www.bbc.co.uk/news/uk-england-york-north-yorkshire-17066117
     
    • Gucci Info Gucci Info x 1