19/04/2021
One may think that Personal Accident Insurance isn’t crucial, and would be more suitable for people employed in high-risk occupations or involved in risky daily activities.
This may be an oversight, as accidents can strike anyone at anytime and anywhere. Even if you may feel that your health or life insurance suffices, there are some key benefits of Personal Accident Insurance that are worth considering:
Accidents can happen at any time – Accidents occur often unexpectedly and sometimes without our own fault. Hence, having Personal Accident Coverage gives you invaluable peace of mind knowing potential medical expenses will be covered.
Loss of Income - Typically, health insurance does not cover expenses outside of hospitalization or medical nature, such as loss of income due to inability to work after an accident. A personal accident plan would provide for such consequential expenses under benefits such as “Temporary Disability” or “daily hospitalisation benefit”.
Outpatient medical treatments - Unlike hospitalization plans, personal accident plans do not require you to be hospitalized to be able to claim for certain treatments such as an MRI scan or CT scan. Hence, you will be able to claim for both inpatient and outpatient medical reimbursements and, coupled with a health and life plan, this gives you comprehensive medical coverage.
Affordable coverage – Personal Accident premiums are paid annually and are usually very reasonably priced especially for those in lower-risk occupations. Insurers usually extend free cover for children, who are more prone to harm from accidents, if both parents are insured under the same plan.
Consider getting covered by Personal Accident Insurance today and save up to 25% off annual premiums if you purchase it on https://www.shentonbrokers.sg/
