People should think about life, health, and critical illness insurance first when considering insurance policies.
Although personal injury insurance usually falls into the “good-to-have” category, it is still important to consider because it offers excellent protection at a very affordable price. Additionally, the annual cost is unaffected by the claims you submit, and you have the option to switch providers annually if you so want.
Infectious disease coverage, which has grown due to COVID-19, is another frequently disregarded component of personal accident insurance. The personal accident plan is becoming hybrid by adding COVID-19 coverage. Therefore, you can benefit for physical and autoimmune mishaps under a single plan.
Let’s examine the true contents of a personal accident plan and evaluate the top options available. What is covered by a personal accident plan? A personal accident insurance policy, to put it simply, is a kind of general insurance that offers benefits in the event of unintentional injury, incapacity, or death. Benefits often cover every stage of an injury, including recuperation, rehabilitation, hospitalization, and treatment. In the event of a loss of life, personal accident plans also pay a death benefit.
Guarantee that the essentials are covered while looking for a personal accident insurance policy. These include coverage for inpatient and outpatient care (which is included in many plans), accidental death and disability, and a daily allowance for hospital stays.
Additionally, most personal accident insurance covers the expensive costs of physiotherapy, chiropractic adjustments, and Traditional Chinese Medicine (TCM) therapies.
For whom is personal accident insurance appropriate?
If you want greater protection against unanticipated incidents in general, this might be your best option. It might also be to all of you who work for yourself, play sports go outside frequently, or just need a larger payout for relatives in the event of an unintentional death.
If you see a chiropractor, physiotherapy, or TCM often, personal accident coverage may also be helpful. For instance, if you play sports regularly, do physically demanding tasks, or are just clumsy and occasionally sprain your ankle.
Individual Accident Protection
The Personal Accident Plan provides peace of mind for parents of young dependents by offering a specific Guardian Angel benefit of a maximum of S$500,000 per policy year. If you or your spouse pass away unexpectedly or become permanently disabled, this guarantees financial security for the children.
The basic tier offers S$2,000 accidental medical coverage covering inpatient and outpatient medical bills, and S$100,000 accident death and disability coverage.
Notably, the plan also includes limitless emergency medical evacuation while travelling abroad, with S$500 for an ambulance in the event of an accident and S$300 for emergency phone calls. For people who must travel regularly for work or pleasure, this is a suitable choice.
The plan also covers the costs of physiotherapy, visiting Chinese doctors, acupuncturists, chiropractors, and bonesetters, which are increasingly frequent among desk-bound workers, inpatient and outpatient medical charges.
In addition to mobility and prosthetic assistance, the Personal Accident Plan offers a home adaptation benefit in the event of permanent incapacity.
You can select up to S$1,000,000 in maximum coverage and extra riders for additional protection for more coverage. With coverage for a wide range of medical services and benefits for temporary and permanent disabilities, this plan offers comprehensive protection for frequent travellers. Additionally, the option to customize coverage with additional riders allows for a tailored insurance solution based on individual needs and preferences.
This plan also includes coverage for rehabilitation expenses and loss of income due to accidents, providing financial support during recovery. The Personal Accident Plan is designed to provide peace of mind and financial security in the event of unexpected accidents or injuries.
