What Is A Personal Accident Plan?
A Personal Accident (PA) plan provides financial support for medical expenses and loss of income when you are involved in an accident.
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Personal Accident Insurance
An accident can strike at any time. At the gym, at work or even at home. Don’t let your guard down. An accident could be costly to you in both your finances and in health.
A Personal Accident (PA) plan provides financial support for medical expenses and loss of income when you are involved in an accident.
No one ever thinks they are going to get into a serious accident. But accidents can and do happen when you least expect it.
Treatments can be expensive and a PA plan will help cover your expenses if you are not able to work due to an injury you have received from an accident.
Many outpatient treatments are not covered under your heath insurance if you are not hospitalized.
With a PA plan, you can get reimbursed for such treatments including physiotherapy and traditional Chinese medicine (TCM).
If you regularly engage in sports and adventurous activities like scuba diving, the cost of medical treatments when you get injured can get very expensive.
Your burden will be compounded if you also have children to support. A PA plan will help ease your financial burden.
Life insurance covers you only when you are severely sick or disabled or when there is a loss of life. While for health insurance, you will still need to make co-payments for your hospital bills.
An accident can be very costly and affect your ability to earn an income. A PA plan can provide financial support in areas that are not covered by your other insurance policies.
Your loved ones will receive a payout in the unlikely event you lose your life in an accident
Receive a payout if you become temporarily or permanently disabled due to an accident.
Get financial support for outpatient treatments and hospitalization bills. Note that the hospitalization benefits for a PA plan will not be as comprehensive compared to your health insurance policy.