Voluntary Workers Insurance

Transcription

1 Voluntary Workers Insurance Summary of Key s Applicable for changes from: 15PDSACEVW01 or 15PDSACEVW02 to 16PDSVW01, 16PDSVW02 or 16PDSVW03 Please note: This document provides a brief summary of the key changes only, made to the Voluntary Workers Insurance Policy Wording and Product Disclosure Statement (PDS). Whilst every effort has been made to ensure the accuracy of this document, this is not an exhaustive list of the changes made and does not form part of the Policy Wording or PDS. Chubb Insurance Australia Limited does not accept any responsibility for any discrepancies, errors or ommissions that may be contained in this document. For a full description of the terms, conditions and exclusions of the applicable cover, please refer to the PDS and Policy Schedule we have issued. General Definitions Act of Terrorism Dependent Child(ren) Medical Aids Other Fracture Policy Amended Definition: Policyholder Amended Definition: Pre-Existing Medical Condition Work Experience Act of Terrorism means the planning of, use or threat of use of violence against persons or property for the purpose of advancing political, religious or ideological goals. Now includes grown children (over 25) who are physically or mentally incapable of self-care. Medical Aids means equipment such as crutches, bandages, traction equipment, walker boots, heat packs etc. that are recommended in the treatment of a Bodily Injury by a Doctor and which are not excluded under General Exclusion 4. Now includes other than a Complete Fracture, Simple Fracture or Hairline Fracture. Now includes reference to Policy Wording. Reference to company deleted and replaced with organisation or person. Now includes immediately prior. Work Experience means work undertaken with the Policyholder for a defined temporary period, either voluntarily or for a stipend, by a person who is not an employee of the Policyholder, provided such work is arranged in conjunction with an educational, training or similar institution for the purpose of that person gaining vocational experience or developing practical skills. Voluntary Workers Insurance Summary of Key s, Australia. Published 11/ Chubb Insurance Australia Limited. Chubb, its logos, and Chubb.Insured. are protected trademarks of Chubb. 1

2 Table of Events Event 7 deleted Loss of Use of one (1) Limb deleted now included under Event 7 Events 9 (Loss of lens) and 11 (loss of hearing) are split and are now Events 8 & 9 Event 12, Burns, is now Event 11 Event 18 New Event Deleted condition: Amended Event Part C - Fractured Bones Note that Event 6 now states: Loss of use of one (1) or more Limbs. Previously there were two events for loss of limbs, both of which carried a 100% benefit. This is split so that Event 8 is for 100% and Event 9 are for lower benefit amounts: 8. Permanent Loss of a) hearing in both ears b) the lens in both eyes 9 Permanent Loss of a) hearing in one (1) ear b) the lens in one (1) eye 100% 100% 30% 60% Note there is absolutely no change to the actual cover provided just the order has changed so that all 100% benefits are grouped. Event 12, Burns is now extended to both second as well as third degree burns, and only requires cover of 20% of the body to trigger a benefit. Second degree burn coverage provides a 25% benefit. 18. Loss of at least fifty percent (50%) of all sound and natural teeth, including capped or crowned teeth, but excluding first teeth and dentures This clause is now deleted: 1% to a maximum of $10,000 in total. *Any amount payable under Event 2, 3 or 19 will be reduced by any benefit amounts payable under Events 25 or 26 for any period greater than fifty-two (52) weeks. Events 29, 30, 31, 32, 34 now specify Complete, Simple or Hairline fracture. Additional Benefits Unexpired Membership Independent Financial Advice Coma Partner Retraining Dependent Child Supplement A benefit to reimburse a pro-rata amount of a pre-paid sport or gym membership, association or registration If a Covered Person sustains Bodily Injury, and a benefit is payable under Events 1 to 8, We will pay for professional financial advice in respect of the benefit payable for Events 1 to 8 up to the amount stated in the Schedule. If a person is continually unconscious We will pay a weekly amount for a maximum number of weeks stated in the Schedule. If a Covered Person suffers Accidental Death or Permanent Total Disablement, We will pay up to a maximum amount shown in the Schedule for actual costs incurred for training the Spouse/Partner so they are able to return to the workforce or improve employment opportunities. A lump sum payment made to each Dependent Child if a Covered Person suffers Accidental Death Voluntary Workers Insurance Summary of Key s, Australia. Published 11/ Chubb Insurance Australia Limited. Chubb, its logos, and Chubb.Insured. are protected trademarks of Chubb. 2

3 Additional Benefits (cont) Orphaned Premature Birth/ Miscarriage Accidental HIV Infection Terrorism Injury Accommodation and Transport Expenses Education Fund Out of Pocket Expenses Childcare Work Experience Workplace Assault Workplace Trauma Personal Vehicle Excess Benefit and Rental Vehicle Reimbursement A lump sum benefit payment made to each Dependent Child if both the Covered Person and their Spouse/Partner suffers Accidental Death. This benefit is payable in addition to Dependent Child Supplement. A lump sum is payable to Covered Persons who sustain a covered Bodily Injury that results in premature childbirth (prior to twenty-six weeks) or miscarriage. Lump sum payable to a Covered Person who acquires HIV through Bodily Injury. This is a lump sum benefit payable to a Covered Person who suffers a Terrorism Act as defined. Where a Spouse/Partner and/or Dependent Child(ren) have to travel to a person who is admitted to hospital as an inpatient more than 100kms from home, we will pay transport and accommodation expenses incurred by them up to the limit stated in the Schedule. Where a person suffers Accidental Death, we will reimburse school or university fees for surviving Dependent Child(ren) up to the amount stated in the Schedule. Cover for otherwise non-claimable expenses in the event of Bodily Injury. Cover for childcare services required for persons who suffer any of the new events 2-8 previously 2-7 and 9 (a) Policy now specifically covers any person who is engaged in authorised Work Experience with the Policyholder. Cover is provided for Events 1-9 to the maximum amount stated under Work Experience Benefit. A lump sum benefit is available if a person sustains Bodily Injury due to an unprovoked assault whilst they are at work. A lump sum benefit is available if a Covered Person witnesses a violent criminal act at the premises of the Policyholder, but does not sustain a Bodily Injury. Where a person uses their personal vehicle to conduct voluntary activities and their vehicle is stolen or damaged in an accident, We will reimburse up to the amount stated in the Schedule for the excess applicable to the comprehensive motor vehicle insurance or the actual cost of repairs, whichever is the lesser. Voluntary Workers Insurance Summary of Key s, Australia. Published 11/ Chubb Insurance Australia Limited. Chubb, its logos, and Chubb.Insured. are protected trademarks of Chubb. 3

4 General Conditions Applicable to the Policy Condition 11 nonincome earners AD&D This clause has been amended slightly to make it clear that non-income earners are restricted to an AD&D benefit of $250K only. General Provisions Applicable to the Policy Amended Aggregate Limits: Agg limit (A) This limit now only applies to each event. Previously this was an annual limit. Voluntary Workers Insurance Summary of Key s, Australia. Published 11/ Chubb Insurance Australia Limited. Chubb, its logos, and Chubb.Insured. are protected trademarks of Chubb. 4

5 About Chubb in Australia Chubb is the world s largest publicly traded property and casualty insurer. Chubb, via acquisitions by its predecessor companies, has been present in Australia for over 50 years. Its operation in Australia (Chubb Insurance Australia Limited) provides specialised and customised coverages include Marine, Property, Liability, Energy, Professional Indemnity, Directors & Officers, Financial Lines, Utilities as well as Accident & Health, for a broad client base, including many of the country s largest companies. More information can be found at Contact Us Chubb Insurance Australia Limited ABN: AFSL: Grosvenor Place Level 38, 225 George Street Sydney NSW 2000 O F Voluntary Workers Insurance Summary of Key s, Australia. Published 11/ Chubb Insurance Australia Limited. Chubb, its logos, and Chubb.Insured. are protected trademarks of Chubb. Chubb