Personal Accident Insurance

How it works

• Cover usually includes accidental death, permanent disability and reimbursement of accident-related medical expenses.
• Some plans include reimbursement for traditional Chinese medicine and physiotherapy, or extras such as hospital cash and income during recovery.
• Most are one-year plans renewed each year; renewal conditions and rates are subject to the terms.

Key concepts

Concept	Meaning
Definition of accident	Bodily injury caused by sudden, external and unintended events; illness is generally not covered.
Disability benefit schedule	Pays different percentages of the sum assured according to the degree and part of the body affected.
Medical reimbursement	Each accident has a reimbursement limit.
Occupation class	Some high-risk occupations or activities may be excluded or charged extra.
Residency requirements	Foreigners may need a valid pass or a minimum period of residence in Singapore to apply.

Usually suitable for

• People who commute, play sports or travel a lot
• Families who want to add protection at lower cost
• Children and seniors

Risks to note

• Death or disability caused by illness is generally not covered.
• Certain dangerous sports and occupations may be excluded.
• Renewal is not necessarily guaranteed.
• Living overseas for long periods or an expired pass may affect cover.

Questions to ask

• What is excluded?
• What is the medical reimbursement limit per accident?
• How are accidents overseas covered?
• Is there an age limit for renewal?