Personal accident insurance (PAI)
PAI through Chubb provides financial protection against death or serious injury resulting from an accident. Full or partial benefits are paid, depending on the severity of the loss.
You have two coverage options:
You only: Elect coverage in $50,000 increments, up to a maximum of $750,000 or 10x your annual salary, whichever is less. Your PAI benefit will equal 100% of the total coverage amount you elect.
You + family: Your spouse’s/partner’s PAI benefit will equal 75% of your coverage amount, up to a maximum of $500,000. Your child(ren)’s benefit will equal 25% of your coverage amount, up to a maximum of $25,000.
PAI reductions
If you work past age 70, the amount payable for a loss will be reduced1 as follows:
| Age on date of covered accident | Percentage of benefit amount payable |
|---|---|
70-74 |
65% |
75-79 |
45% |
80-84 |
30% |
85 and older |
15% |
1This benefit amount is reduced on the covered individual's date of birth in accordance with the above schedule.
The Premium for an employee age 70 or older is based on 100% of coverage that would be in effect if the employee were under age 70.
Personal Accident Insurance premium rates
Coverage tiers |
Monthly rate per $1,000 of coverage |
|---|---|
Employee Only |
$0.025 |
Employee + Family |
$0.046 |
Learn More
Learn about the benefits & features
Get Started
If you want PAI, you can enroll anytime on the Chubb Benefits Portal.