WhatsApp
Accident Insurance adds protection for loved ones
The unexpected, favourable or otherwise, is part of life. Even the most cautious will find themselves caught off guard when accidents come knocking. Many people belatedly come to appreciate the importance of accident insurance only after misfortune has befallen them. Preparing for a rainy day is crucial to keeping everything in hand. When an insured person suffers from accidental injury, permanent disablement or even death, accident insurance protects the insured and their family, providing financial assistance to meet medical expenses and everyday needs.
There is a wide variety of accident insurance plans, differing in scope of coverage and even offering extra benefits based on the age of the insured. One might ask: who should purchase accident insurance? Since accidents can happen to anyone, accident insurance is important regardless of whether you are a child, an adult or a senior.
Some accident insurance plans not only provide the essential coverage for accidental death, permanent disablement and medical expenses, they also offer additional benefits based on the age of the insured. These might include extra indemnity for accidents during school activities for children. Given that parents often need to provide extra care to a child who had suffered an accident, some accident insurance plans offer leave compensation for parents who have to take time off work to care for child while hospitalised. The insurance company would provide compensation based on the number of days off work. Accident insurance plans would also provide extra benefits to address needs specific to the insured. For instance, seniors often have mobility issues that put them at greater risk of sustaining broken bones from a fall. This is why some accident insurance plans feature extra benefits for broken bones and prosthesis expenses where necessary.
Among the adult population, many love to exercise to relieve stress from work. Yet, it is difficult to avoid injuries from physical exercise, especially when it comes to vigorous activities like winter sports, horse riding, water skiing, scuba diving and so on. As such, there are accident insurance plans that cover such risky sporting activities. On the other hand, many of us often play sports with friends or ride bicycles with family during weekends and holidays, which greatly increases risks of accident. In light of this, some accident insurance plans provide extra indemnity for accidents suffered during the weekend or on a general holiday, giving the insured even greater protection. Some plans cover expenses for medical treatments, including even those provided by a physiotherapist, chiropractor, bonesetter and acupuncturist, supporting the insured more fully by lessening the financial pressure.
Before signing up for a plan, it is worth looking into whether there is any group enrollment discount on offer. Some accident insurance plans provide a discount when multiple family members sign up at the same time. The insured can thus enjoy comprehensive accident protection with the family at a favourable premium.
To find out more about MSIG Hong Kong’s Personal Accident insurance plans, please feel free to contact us 
or find out more about our insurance plans:
Learn more about EASY Claims and file your claims online anytime, anywhere.
