5 Benefits Of Personal Accident Insurance You Probably Didn't Know About

5 Benefits Of Personal Accident Insurance You Probably Didn't Know About

By Karmen on 20 Jul 2020
Digital Editor

It's a common misconception that you don't need personal accident insurance if you already have life or medical insurance, but that's simply not true.

A personal accident insurance policy is a type of general insurance that provides benefits in the case of accidental death, disability or injury. The benefits usually cover all phases of suffering an accident, from evacuation to hospitalisation, treatment and recovery and even death benefits.

There are a number of reasons why a personal accident insurance policy is the right choice for you. It can complement existing hospitalisation or medical insurance to ensure financial support in the event of an accident.

Keep reading to find out the five benefits of personal accident insurance in Singapore you probably didn't know about! 

#1 It covers infectious diseases like dengue too

mosquito on a person's skinPhoto from GirlStyle Singapore

As more clusters of active dengue cases continue to flare up in Singapore, it makes sense to have an insurance plan that covers dengue too.

While not all personal accident insurance plans offer infectious disease coverage, there are some that do. Look out for a plan that has a comprehensive coverage which includes infectious diseases such as dengue, hand, foot and mouth disease, measles, malaria, tuberculosis and more. That way, you don't need to purchase a separate insurance plan just for dengue.

#2 It covers disabilities and death

woman sitting on a wheelchairPhoto from GirlStyle Singapore

If you ever get into an accident that leaves you disabled (touch wood), a health insurance policy may not provide comprehensive coverage against accidents but a personal accident policy does.

Another result of accident that no one likes thinking about is death. A sudden death can leave family members not just emotionally but also financially burdened. A health insurance policy does not provide coverage against sudden death and life insurance typically only covers natural causes of death. That's when a personal accident policy will be of help as it covers against accidental death and turns over 100% of the assured sum to your beneficiary.

#3 It covers Traditional Chinese Medicine benefits

traditional chinese medicine acupuncturePhoto from GirlStyle Singapore

Once you get into an accident, your priority will be recovering fast so you can get back to your responsibilities or simply enjoy your usual routine and social life. Getting the best quality help after an accident will help you to get to that stage sooner.

If you want to complement Western medicine with Traditional Chinese Medicine (TCM), you're not alone! Many Singaporeans have the same thought which is why some insurance plans are covering TCM. Physiotherapy and chiropractic treatments are claimable if they are referred by the doctor as necessary treatment. If you're interested in a plan that covers TCM, fill up a simple form here to for us to offer our assistance on which policy is suitable for you.

#4 You can claim taxi fares

taxis lined up in front of a shopping mall in singaporePhoto from GirlStyle Singapore

Let's say you've broken your leg or ankle, you can imagine what a drag it would be to travel on public transport from the clinic to your home. Even if you have a car, you will still be dependent on someone to be your driver. Your best bet is to take a taxi.

Then again, you may need to take multiple taxis trips for a few weeks or even months until you're healed. Think about how expensive the taxi fares will be when added up! Well, you can hail a cab without worries with personal accident insurance as most plans will allow you to claim taxi fares from the hospital or clinic to your home as long as you have a tax invoice.

#5 It's affordable

asian couple chatting over drinks in a cafePhoto from GirlStyle Singapore

It's understandably painful for many of us to part with our hard earned salary to buy insurance. Fortunately, it's likely you won't feel the pinch at all with personal accident insurance as most plans have very low premiums.

Some plans offer as much as $100,000 sum assured coverage for as low as $175 a year. We did the math and it works out to about 48 cents that you're paying per day.

Before purchasing any insurance policies, be sure to do your research and read the black and white carefully. If you want to find out which personal accident insurance policy best suits your needs, click here to fill up a simple form for us to learn about you and offer our assistance.

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Text by: GirlStyle SG