What Does Personal Accident Insurance In Singapore Cover?

 

Accidents happen when we least expect them to. A slip on the footpath while walking or a trip on a few computer cables at work can leave you with injuries that might require medical attention or even bed rest. We all also face the risk of more serious accidents such as a car accident especially while cycling on roads or, perhaps, an accident while operating machinery. All these accidents can bring along heavy medical expenses. You may even need to stop working for a while as you recover from the injuries sustained. Fortunately, you can now stay covered against the heavy expenses that accompany such accidents with the help of a personal accident insurance plan.


In this blog, we will take a look at the coverage you get from a personal accident insurance plan. Let’s get started -

Coverage for accidents

A standard personal accident insurance plan in Singapore will cover you against accidental death and accidental injuries. If your accident has been sustained while commuting via public transport, you may even get three times the payout as part of your plan.

Coverage for other incidents                                                                             

Apart from accidents, your plan will also generally cover you against high risk activities, food poisoning, and animal and insect bites. You can also get coverage for a range of infectious diseases such as Dengue fever, malaria, HFMD (hand, foot, and mouth disease), measles, mumps, rubella, plague, yellow fever, tuberculosis, rabies, chikungunya, severe acute respiratory syndrome (SARS), anthrax infection, and other similar diseases. As these diseases can happen to anyone, it helps to stay covered against them.


No claims bonus

If you do not make a claim for a certain number of years on your personal accident insurance plan, you can get up to 25% increase in the sum assured. This is indeed a wonderful benefit offered by some insurance companies in Singapore.

Riders for personal accident insurance plans

You can also add riders to increase the coverage of your accident insurance plan. With the help of riders, you can get additional benefits such as daily cash payout on being admitted to the ICU (intensive care unit), 24-hours coverage worldwide against unforeseen events, extra family support fund, reimbursement for transportation expenses, and additional coverage for fractures and burns. You can even claim reimbursement for home modification required due to an accident. For instance, if an accident results to someone being wheelchair-bound, he/she can get reimbursed to modify home shelves and cabinets for easier, independent access. Some insurers do also provide you with the option to add personal accident plans as riders to other applicable base plans. 

How to buy personal accident insurance?

You can easily get an instant quote for personal accident insurance plan and purchase it online. All you need to do is provide certain details such as your age, gender, and residential status in Singapore to get your quote.

We hope that this blog has helped improve your understanding of personal accident insurance in Singapore. Remember to buy coverage for your loved ones too as accidents can affect anyone of any age.

Take care and have a nice day!

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