Novastris spells out benefits of personal accident insurance compared with life insurance

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Personal accident insurance specialist novastris is letting customers searching for life insurance know about its new personal accident cover product that offers additional benefits to a life policy including permanent and temporary disablement cover.

Novastris provide tailor-made insurance solutions

novastris’ new personal accident product provides an additional benefit to life insurance

novastris is making customers looking for life insurance aware of their new personal accident insurance product which can offer additional benefits to a life cover policy.

Typically, life insurance pays out a sum of money either on the death of the insured person or after a set period and can pay off your mortgage, cover any outstanding debts or cover your funeral costs.

With decreasing term life insurance, for example, you can choose the rate that your cover amount decreases at to ensure your policy will always pay out enough to pay off your decreasing mortgage or any other debts you may have.

In a similar way to life insurance, novastris personal accident cover can provide much needed financial protection for loved ones you leave behind in the event of your accidental death. This includes a tax-free cash lump sum from a minimum of £10,000 up to five times the insured person’s income up to a maximum of £250,000.

But what is different about novastris personal accident insurance compared to life insurance is that, for a few extra pounds per month, it can also provide financial protection if you become permanently or temporarily disabled and are unable to work due to an accident.

For example, if a self-employed 50-year-old male lorry driver earning £30,000-a-year, with a minimum accidental death benefit of £10,000 (which included permanent disablement cover), became permanently disabled and unable to work because of an accident he would receive a tax-free cash lump sum of £10,000. The monthly premium for the accidental death benefit alone would be just £2.44 per month. But for just an extra £1.21 per month they can include permanent disablement cover resulting in a total monthly premium cost of £3.65.

If the lorry driver included temporary disablement cover to his policy too and one day slipped getting out of the shower one morning and broke his arm which left him unable to work he could receive a weekly benefit of up to £25 or £100 per month for up to one year until he was able to return to work. The lorry driver would start receiving his payments after 14 days and the monthly premium for this policy would be just £7.70.

novastris also provides other options which include funeral expenses cover up to £2,500, bereavement counselling cover up to £2,500 and even help with the cost of converting a home up to £10,000 if accessibility becomes an issue.

There is also a dependants’ package available with a total benefit of up to £20,000 that includes expenses for childcare, domestic assistance and a fixed sum of £5,000 per minor dependant child.

novastris’ personal accident insurance product is available for employed workers, self-employed and freelance professionals. It can be bought quickly and easily at Once the online quote process is complete and a monthly direct debit has been set up, the policy documents are sent straight to the policyholder’s email address. Cover starts immediately and the first monthly payment comes out of the customer’s bank account 15 days afterwards.

novastris director Steve Nickerson said: “Many people take out life insurance to protect their family from being left with a big mortgage debt should the worst happen.

“novastris’ new personal accident insurance product provides an additional benefit to life insurance because it not only pays out a tax-free cash lump sum in the event of a fatal accident but it can also provide financial protection if the person becomes permanently or temporarily disabled due to an accident.

“Nobody likes to consider these things happening but accidents can and do happen. By taking out personal accident cover with novastris it gives you peace of mind that you’re financially protected at every level in the event of an accident and all at an affordable monthly premium.”


novastris Insurance Services Limited is a team of experienced insurance specialists providing tailored insurance solutions to the Financial Services and Affinity Group sectors.

novastris Insurance Services is part of the novastris Insurance Group providing insurance solutions directly to personal clients through novastris Insurance Services Limited and to the wider insurance market through Novastris Underwriting Limited.

Our personal mission is to differentiate ourselves by constantly innovating in the field of product development, competitive pricing and quality of service delivery and to treat each client relationship as a long term, mutually beneficial working relationship.


novastris Insurance Services Limited, Thorncroft Manor, Thorncroft Drive, Dorking Road, Leatherhead, Surrey KT22 8JB.

For further information please contact novastris Insurance Services Limited on 020 3640 6801 or email info(at)novastris(dot)com

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