5 Features to look for in a personal accident insurance plan

 

Life has its ways of being unpredictable – one of the biggest examples of this can be seen in accidents. Losing your footing while climbing the stairs, sustaining burns and cuts in the kitchen, or getting hurt while playing football – these mishaps are commonplace and yet can leave you with severe injuries. In cases like these, it helps to have personal accident insurance.

Personal accident insurance primarily offers coverage against accidental death or injuries. Apart from that basic purpose of coverage, personal accident insurance plans in Singapore often go above and beyond to cover you against many more mishaps that may see you in need of medical attention unexpectedly.

Having wholesome coverage with a wide range of inclusions can prove handy at securing you against the many uncertainties of life. So, how do you know that you have the best protection personal accident insurance can bring? When buying a plan, consider looking for the following features -

1.    Coverage beyond accidents

Look for a personal accident insurance plan that covers you against more than just accidents.  These days, leading insurance companies in Singapore also offer coverage for insect and animal bites and food poisoning in their personal accident insurance plans. This kind of wholesome coverage will keep you protected against a wider range of circumstances that can impact you.

2.    Inclusion of infectious diseases

There is hardly any fool proof way of avoiding infectious diseases completely. Therefore, it helps to have these conditions covered as part of your personal accident insurance plan. Consider choosing a plan that covers diseases such as HFMD (hand, foot, and mouth disease), dengue fever, malaria, severe acute respiratory syndrome (SARS), yellow fever, rabies, and tuberculosis, among others.

3.    No-claims bonus

Leading insurance companies In Singapore are known to offer a no-claims bonus to customers who do not raise a claim on their policy for a certain number of years. This benefit is generally given out as an increase in coverage.

4.    Worldwide coverage

If you travel outside of Singapore frequently, this is one feature you would want to have included in your personal accident insurance plan. Your plan should ideally cover you even if you are injured in an accident on foreign shores. The insurer must then provide you with a 24-hour helpline number too that you can use to reach out to them from anywhere in the world.

5.    Availability of supplementary benefits

Riders help enhance the coverage you enjoy on your insurance plan; in a way, they help you customize your plan to suit your unique needs. Look for riders that offer benefits such as reimbursement for transportation expenses, cash payout upon getting admitted to the ICU and extra reimbursement for broken bones and burns.

Keep the aforementioned features in mind when choosing a personal accident insurance plan.

Do remember to speak to a financial consultant for help in selecting a plan suitable for your unique needs. We hope that this article has proved to be an informative read for you. Take care.