Accident Cover Payout Calculator

Work out accident cover payout instantly with clear inputs, formula shown and shareable results.

About Accident Cover Payout Calculator

Personal accident policies pay by reference to a schedule: 100% of the sum insured for death or permanent total disablement, a listed percentage for each specified permanent partial loss, and a weekly benefit capped as a proportion of the sum insured for temporary disablement.

Formulas

Permanent partial payout

Payout = Sum insured x Schedule percentage for the loss

Temporary disablement

Weekly benefit = 1% of sum insured, subject to an overall cap of 25%

Worked example

With the default values below, Accident Cover Payout Calculator returns Estimated payout of $2,000,000.00. Change any input above and every figure here is recalculated in your browser.

Inputs used

Personal accident sum insured: 5,000,000
Nature of the injuryone of Accidental death, Permanent total disablement, Permanent partial disablement, Temporary total disablement: Permanent partial disablement
Schedule benefit % for a partial loss: 40
Weeks of temporary benefit claimed: 12

Results

Estimated payout: $2,000,000.00
Payout as % of sum insured: 40.00%
Basis applied: Schedule percentage of sum insured
Temporary disablement benefit for the weeks entered: $600,000.00

Step by step

1Values used
2Permanent partial payout
3Temporary disablement
4Estimated payout= 2,000,000.00
5Payout as % of sum insured= 40.00
6Basis applied= Schedule percentage of sum insured
7Temporary disablement benefit for the weeks entered= 600,000.00

Assumptions and limits

The result is derived only from the 4 inputs listed above. Anything not among them is not part of the calculation.
In particular, this calculator does not take inflation, tax, fees or charges or compounding frequency into account.
Figures are rounded for display to 2 decimal places, so totals built from several rounded parts can differ slightly from the unrounded arithmetic.
Indicative estimate only. Fees, entitlements, limits and formulas vary by jurisdiction, statute, policy wording and the facts of the case. This is not legal, tax, insurance or financial advice — confirm with a qualified professional or the relevant authority.

How these calculators are built and tested is described on the Methodology page. If a figure looks wrong, please report it.

Indicative estimate only. Fees, entitlements, limits and formulas vary by jurisdiction, statute, policy wording and the facts of the case. This is not legal, tax, insurance or financial advice — confirm with a qualified professional or the relevant authority.

Frequently Asked Questions

Where do the schedule percentages come from?

From the policy's table of benefits — for example loss of one hand or one eye is commonly 50%, loss of a thumb 25%. They are fixed, not negotiable.

Is illness covered?

No. Personal accident policies respond only to bodily injury caused by an accident, which is why they are cheap relative to health cover.