Should you own a Personal Accident plan in your insurance portfolio?
When you make contingencies for the unexpected, you can be sure of a safer future for you and your loved ones
You may already own some form of insurance such as life, health, motor or even travel insurance, but these insurance may not cover you for dreadful accidents that may occur in your daily course of life. With a personal accident plan in your portfolio, it will be able to provide you with financial support and protection against injuries, disabilities or death arising from accidents.
Some may consider personal accident coverage as unnecessary as they deem it more suitable for individuals employed in high-risk occupations or by those engaged in risky day-to-day or recreational activities. However, accidents can strike anyone and at any time.
In the event of any unforeseen accidents, the insurers will be able to cover you for the following benefits :
1. Accidental Death Benefit - your family or the nominated beneficiary would typically receive a payout worth the insured amount.
2. Permanent and/or Partial Disability - If you are disabled (be it permanently or partially), you would receive a payout based on the degree of disability suffered.
3. Medical Expenses – Additional benefits that Personal Accident plans may offer includes a daily/weekly hospitalization benefit if you are unable to function due to the accident. Some other benefits include home recuperation, overseas coverage and TCM reimbursement.
Your life insurance or health insurance may not cover you for mild or serious disabilities when you are unable to work. Likewise, life insurance is only payable if you suffer death or total and permanent disabilities. A personal accident plan, on the other hand, provides you a peace of mind to enable you to focus on recuperating as quickly as possible as the benefits of the policy will only be payable upon an accident occurring. Therefore, some have made the conscious choice to supplement their health or life insurance coverage with a Personal Accident policy.
Exclusive to Sample Store members only, we are offering you a complimentary AXA Basic Personal Accident Coverage. A friendly AXA@POST Financial Planning Executive will be able to assist you via our Remote Advisory*. To indicate your interest, please sign up here.
*Remote Advisory will be conducted via the customer’s laptop and Surfly co-browsing Technology.