The Nomad Insurance Essential plan includes two cash payout benefits that apply in the event of a serious accident resulting in death or the loss of limbs or eyes.
Cash payout to your beneficiary (accidental death)
If you die in an accident, your beneficiary receives a cash payout. Your death has to be the sole and direct result of bodily injury caused by external, violent and visible means.
Important conditions:
The accident that caused your death is covered by this insurance.
Death must occur within 30 days of the accident, and is not contributed to by illness.
If you already received a cash payout for loss of limbs or eyes for the same accident as the one that caused your death, that reimbursement is subtracted from this payout (so if you received $12,500 your beneficiary receives $12,500, or if you received $25,000 your beneficiary receives $0).
You are not covered for death caused by terrorism, war or act of war.
SafetyWing covers: Up to $25,000.
Cash payout if you lose limbs or eyes in an accident
If you lose one or more limb(s) or eye(s) in an accident, you will receive a cash payout. The accident has to be the sole and direct result of bodily injury caused by external, violent and visible means.
Important conditions:
The accident that caused your loss is covered by this insurance.
Your loss occurs within 30 days of the accident, and is not contributed to by illness.
A loss of limb means you lost your arm/hand at the wrist or higher, or your leg at the ankle or higher.
Losing an eye means permanently and irrevocably losing 100% of your eyesight in an eye.
You are not covered for loss caused by terrorism, war or act of war.
SafetyWing covers: $12,500 for the loss of one limb/eye, $25,000 to you for the loss of two or more. Up to $25,000 in your lifetime (lifetime max).
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