Not every day is a rainy day, but No one likes to be stuck when it pours and caught without an umbrella.

Much like an umbrella Personal Accident Insurance (PA) provides you with a canopy of protection against unforeseeable accidents that may incur catastrophic financial losses.

Cover Your Rainiest Days with a Personal Accident Insurance

 Picture This:

• You were playing football and your opponent came on to you with a heavy tackle and broke one of your index finger, so you spent $500 on the medical expenses.

• In a major car accident, you lose the ability to use your legs and become wheel chair bounded. So what will be the impact on your job and financial situation?

These are just a few unfortunate situations in which a PA policy could be useful to see you through and give you more time to adjust to the new lifestyle and circumstances after an unfortunate accident.

How Much Personal Accident Insurance Coverage Do You Need?

You can take out a PA policy with coverage limits of S$100,000 to S$1,000,000.

Follow these three quick steps to get an idea of how big an umbrella you may need:

Step 1:

How much do you need in order to maintain your present lifestyle? And how much of it would you want to maintain after you lose the ability to bring in the income?

Add up your total monthly expenses and multiple by the percentage (Example: $5000 x 80% x 12months) you would like to maintain even after you lost the ability to bring in the income.

Step 2:

How many years would you like this replacement income to see you through?

Take the result of the above multiple by the number of years.(Example: $48,000 x 10 years)

Step 3:

How much is your shortage?

Take the above result ($480,000 less out total amount of insurance in force).

Please take note that life insurance / endorsement insurance / Unit link insurance will only pay out for total permanent disability

Example: $480,000 less $150,000 (your employee benefit – Accidental Death and Dismemberment benefit).

You shortfall is $330,000

If you don’t have protection that exceeds your replacement income, you owe it to yourself to consider a personal accident insurance policy.

For an affordable premium, you can protect yourself against a financial crisis.

We offer a range of low-cost personal accident plans to suit your needs. Review them all at a glance below to find out which one is right for you.

• Low monthly premiums - from $16.50 per month

• No medical required

• Worldwide cover

 Personal Accident Benefits at a Glance

 

Benefits Description	Sum Insured (S$)
	Plan A	Plan B	Plan C	Plan D	Executive Plan
Accidental Death or Permanent Total Disability	100,000	200,000	300,000	500,000	1,000,000
Accidental Medical Expenses Reimbursement	5,000	6,000	7,000	8,000	10,000
Temporary Total Disability (Up to 104 Weeks)	100 per week	200 per week	300 per week	500 per week	1,000 per week
Ambulance & Mobility	1,500	2,000	2,500	3,000	5,000
Hospital Income, including  Dengue Fever (Up to 730 days)	50 per day	100 per day	150 per day	250 per day	400 per day
Emergency Evacuation	100,000	100,000	100,000	100,000	100,000
Family Allowance (Payable up to 12 months if insured suffers from permanent disability)	1,000 per month	1,500 per month	2,000 per month	2,500 per month	5,000 per month
Funeral Expenses	5,000	10,000	15,000	25,000	35,000
Essential Bill (payable if insured is hospitalised for at least 3 days)	100	200	300	500	800
Fracture Relief	2,000	3,000	4,000	5,000	10,000
Monthly Premium
Type of Occupation (Check Occupation Class)	Plan A	Plan B	Plan C	Plan D	Executive Plan
Class 1	16.50	28.20	41.20	66.50	117.50
Class 2	17.50	29.50	43.00	68.00	122.20
Class 3	23.00	39.70	56.50	NA	NA
Class 4	32.00	NA	NA	NA	NA
Annual Premium after 10% Discount
Type of Occupation (Check Occupation Class)	Plan A	Plan B	Plan C	Plan D	Executive Plan
Class 1	178.00	308.00	450.00	728.00	1,288.00
Class 2	188.00	322.00	468.00	745.00	1,338.00
Class 3	250.00	433.00	618.00	NA	NA
Class 4	350.00	NA	NA	NA	NA