Safety and festivity: Having It both ways with personal accident insurance

With Christmas approaching, the streets will once again be filled with revellers wearing festive costumes and enjoying the season of goodwill. However, as large crowds gather, it’s important to remember that accidents can and do happen, as the tragic events in Seoul, South Korea, demonstrated at Halloween. With this in mind, it’s important to prepare for the unexpected with personal accident insurance.

When crowds are in high spirits – and especially if revellers have been enjoying a few drinks – people are more prone to physical accidents. Accident insurance mainly protects against accidental death and permanent disablement for the insured, as well as compensation for medical expenses and hospitalisation expenses resulting from an accident. In addition, some insurance plans cover a wide range of treatments, including visits to a physiotherapist, chiropractor, bonesetter and acupuncturist. Some also extend to cover one’s mental health, including counselling services for trauma. These options allow individuals to choose the most suitable medical plan for their needs. There are also insurance plans that provide additional protection for temporary disablement for up to 52 weeks, or hospital confinement allowance, to help with any urgent needs for individuals who cannot go back to work immediately following their accident.

Most accident insurance covers worst-case scenarios, such as accidental death, compensating death, funeral and cremation expenses. In response to more frequent visits from Hong Kong to the Chinese mainland, some insurance companies provide triple coverage for accidental death. In the event of accidents when travelling on public transport in the Greater Bay Area, the accidental death benefit is doubled.

As the pandemic continues to subside, border restrictions are being eased, resulting in an increase in the number of outbound travellers. Personal accident insurance that provides global coverage will be of great benefit to these people. Useful features include 24-hour worldwide assistance service, financial protection against accidental death or permanent disablement, and amateur dangerous sports and activities coverage, such as for hot air ballooning, scuba diving, skiing, sandboarding and underwater strolling. The extensive scope of such plans provides up-to-date protection for people in Hong Kong as outbound tourism gets back on their radar, and they will be able to travel abroad with peace of mind during festive periods or at other busy times.

Christmas is a joyous occasion for families and social gatherings. However, we must pay attention to our safety at large-scale events and parties, and avoid going near overcrowded places so as to better manage one’s exposure to accidents. Protection should also be extended to our loved ones with an insurance plan depending on personal needs, terms and age so that it can provide coverage when necessary. In addition, there are special benefits, such as free spouse cover and family plan for certain insurance types, which means several individuals can be covered under a single premium. It is helpful to keep an eye out for these special benefits as they can make a personal accident insurance plan better value for multiple people than it might be for an individual. Last but not least, we wish you a Merry Christmas and a happy holiday with your loved ones!

If you’d like to find out more about personal accident plans, please feel free to contact us or find out more about our insurance plans:

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Read more: Personal accident insurance: a helping hand for you and your loved ones

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