Personal Accident Insurance offers peace of mind against the unexpected in life

Accidents often leave us helpless. Indeed, the massive transportation accident in Taiwan during the Easter holidays just reminded us of how unpredictable life can be and how we must plan for the unexpected. A suitable accident insurance plan can provide comprehensive preparation for you and your family so that no one would have to worry about medical fees and regular living expenditure after an accident.

Personal Accident Insurance typically provides a lump sum payment in case the insured suffers accidental death or permanent disablement, helping relieve the family's financial pressure. The insured can also add protection against temporary disablement. Suppose the insured temporarily loses the ability to work as a result of an accident, the plan would provide a specific amount based on the insured's weekly earnings, helping relieve the financial pressure on the insured and their family.

Consumers should also pay attention to whether the Personal Accident Insurance plan they are considering provides worldwide protection. A plan that offers worldwide protection against accidental death and permanent disablement means coverage no matter where on earth one might be. Some Personal Accident Insurance plans offer double indemnity on accidental death if the insured was travelling on public transport outside the Greater Bay Area. If the accident took place within the Greater Bay Area, the beneficiary would receive triple indemnity.

Besides considering the basic coverage of a Personal Accident Insurance plan, it is also important to pay attention to extra benefits. There are plans that would provide extra indemnity if the accident took place during a general holiday in Hong Kong. Another type of extra benefit includes medical expenses coverage for treatments involving physiotherapist, chiropractor, bonesetter or acupuncturist. This helps the insured receive proper care after an accident with lessened unexpected financial pressure. The insured and their family can then focus on recovery without worries.

Personal Accident Insurance plans on the market can be very flexible. Applicants not only can choose the necessary insured amount and scope of coverage, they can also consider personal versus family plans based on the size of their family. Some family plans of Personal Accident Insurance only require the same premium amount to cover all children under the age of 18. It should be noted that the upper age limit for the insured is typically 70 years of age. Occupation is a factor considered by the insurance company. Premiums would be higher for occupations associated with higher risks. It is therefore important to carefully read the terms and conditions when purchasing accident insurance.

If you have any queries regarding different personal accident insurance plans, please feel free to contact us or find out more about our insurance plans:

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