Yup, "Realistic Pilot Vulnerability". If you get hit in the legs, rudder control suffers, etc. You can bleed out (I think there are only two rates).
I think it's possible to bleed out while in your chute too, so that if you don't hit "refly" quickly enough, you will be dead by the time you hit the ground...
Good report Treetop. A round of Schnaps for you and your flight