Accident and Sickness-Accident Coverage Assessment

Example

In the case of a software developer who becomes temporarily disabled due to a severe illness and cannot work, A&S insurance can provide a portion of the lost income during the recovery period, helping maintain the individual’s standard of living.

Scenario

An individual's ability to work and earn an income is compromised due to illness or injury, leading to potential financial instability without external support.

Example

For a construction worker who incurs a serious injury on the job and faces high medical costs that are not fully covered by provincial health plans, A&S insurance can cover significant portions of these expenses, including surgeries and rehabilitation.

Scenario

Expenses arise from medical treatments necessary due to accidents or sickness that are not covered by other insurance or benefit plans.

Example

A family’s primary earner is diagnosed with a long-term illness, resulting in prolonged absence from work. A&S insurance helps cover ongoing financial obligations like mortgage payments, protecting the family from potential asset liquidation.

Scenario

Long-term sickness or disability threatens an individual's ability to meet continuous financial commitments, risking their assets and savings.