ACE Insurance was established in 1985 by 34 Fortune 500 companies and is one of the world’s largest providers of commercial, Property & Casualty and Accident & Health insurance. In 1999 ACE acquired the international property & casualty operations of the insurance company CIGNA, which had had a presence in South Africa since 1973. ACE has a physical presence in over 56 countries and authority to transact business in over 140 counties.
ACE Insurance Limited, South Africa:
ACE Insurance in South Africa is part of the ACE Group of Companies, and has been trading in the South African market since July 2006. ACE's comprehensive Accident & Health (A&H) coverage provides financial security and support services for the most unexpected situations, 24 hours a day, all year round, anywhere in the world. ACE South Africa was awarded a local credit rating of AA-(Very Strong) by Global Credit Rating in December 2010, which is one of the highest ratings awarded in the South African market place for a start- up operation.
About the Hospital Expense Plan:
The Hospital Expense Plan provides South African families with an affordable daily hospitalisation cover that can be offset against the financial obligations of a loved one being hospitalised as a result of an accident or illness. The Hospital Expense Plan has been designed to complement the existing cover that the public may already have, however cover can be purchased as a core insurance product.
This plan ensures that if you were hospitalised due to an accident or illness, you will receive an amount of up to R 1,250 per day, for each and every day you spend in hospital, from day 1 for up to 180 days per incident. In addition to this the Hospital Expense Plan offers additional cover for up to 7 days if you are hospitalised in ICU.
- Hospitalisation benefits payable up to 180 days per incident
- ICU benefit payable up to 7 days per incident
What is not covered:
We will not pay any claim which is caused by or resulting from, or:
- War & Active Service;
- suicide, deliberate self-inflicted injury, wilful exposure to danger;
- air travel, unless travelling as a passenger;
- Participation in Air Sports, Hazardous Activities or professional sports;
- Underground activities, including mining and prospecting activities, occupational or other activities requiring the use of explosives;
- Illegal acts;
- Driving under the influence of alcohol;
- Use of Drugs or narcotics;
- Diabetes and or Epilepsy;
- Hospitalisation following any spinal condition is limited to one period during any one 12 month period;
- Dental or optical treatment, except as a result of Bodily Injury;
- Any congenital abnormality;
- Routine physical or any other examinations;
- Bacterial or viral infection except bacterial infection that is the direct result of: ◦a. an Accidental cut or wound directly following Bodily Injury; or ◦b. Accidental food poisoning;
- Complications arising from Childbirth, abortion, miscarriage, pregnancy or any condition arising therefrom;
- Any stress-related condition or complaint;
- For any investigative treatment, operations or treatment of a purely cosmetic nature; or for obesity; or undertaken to facilitate pregnancy or to cure impotence or to improve potency; or for psychotic or psychoneurotic or any other mental related disorders;
- HIV, AIDS and (ARC) other than if contracted as a result of a blood transfusion;
- Sickness declaring itself within the first 30 (Thirty) days after the inception;
- 24 months pre-existing condition.
Doctor's Advice Line:
This service gives you access to paramedics, nurses and doctors 24 hours a day, 7 days a week, giving you advice and medial information.
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About the Income Protection Plan:
The Income Protection Plan provides the insured person with a monthly payment of up to R20 000 for a period of 12 month is the policyholder is temporarily or totally disabled as a result of an accident.
Cover can be extended to the insured’s spouse, therefore providing South African families supplemental income should both the insured and their spouse be involved in an accident rendering them temporally or totally disabled and unable to work.
Income Protection Benefit is payable for a maximum of 12 months and only payable after 30 days, subject to an individual being permanently employed and under 65 years of age.
What is not covered
- War or any act of war
- Service or duty with or undergoing training with any military or police force, or militia or paramilitary organisation
- Suicide, attempted suicide or deliberate self-inflicted injury
- Your participation in air travel, unless travelling as a passenger in an aircraft which is provided and operated by a registered airline or air charter company which must be licensed
- Participation in or training for Air Sports or Hazardous Activities and or Sports
- Underground activities, including mining and prospecting activities, occupational or other activities requiring the use of explosives
- Illegal acts and/ or conduct
- Driving any kind of vehicle while the alcohol level is higher than the legal limit
- Taking of a drug or narcotic unless it is properly prescribed by a medical practitioner and was not taken for the treatment of any drug addiction
- Any illness or disease
- Diabetes and or Epilepsy
- Dental or optical treatment unless as a result of Bodily Injury
- Routine physical or any other examinations
- Bacterial or viral infection except bacterial infection that is the direct result of:
an Accidental cut or wound directly following Bodily Injury or Accidental food poisoning;
- Childbirth, abortion, miscarriage, pregnancy or any related condition
- Stress-related condition or complaint
- Back-related condition
- Failure to follow the advice of a Physician
- Investigative treatment, operations or treatment of a purely cosmetic nature
- HIV / AIDS
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