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A personal accident insurance plan provides financial coverage for accidental injuries, disability, or death. It is unlike other insurance policies like health or life insurance, as it goes beyond traditional insurance offerings. Let us understand the coverage offered under this plan and how it is beneficial for you.
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The Advantages Of Personal Accident Insurance In Singapore
• A personal accident insurance plan provides financial coverage for accidental injuries, disability, or death. It is unlike other insurance policies like health or life insurance, as it goes beyond traditional insurance offerings. Let us understand the coverage offered under this plan and how it is beneficial for you. • Comprehensive Coverage: • Someday, you may find yourself in a situation where you have met with an accident and have sustained injuries. This is where personal accident insurance steps in and provides comprehensive coverage for accidents. The coverage also includes financial support for any medical expenses incurred due to an accident. Whether it is a major injury or a serious accident, this coverage is meant to provide the necessary care and ease the financial burden.
• Worldwide Coverage: • Personal accident insurance goes wherever you go. Whether you are in your own country or overseas, this coverage makes sure you are financially protected in case of an accident. This coverage can be beneficial for those who are frequent travellers as it offers a financial safety net no matter where you are in the world. • No-Claim Bonus: • A no-claim bonus is an incentive offered by personal accident insurance plans. If you go through a policy period without raising any claims, then you will be eligible for a noclaimbonus. You can receive up to 25% more coverage if no claim has been made in the first five years of the policy term. It is like a reward for your commitment to safety and promotes a proactive approach to accident prevention.
Free Extension Coverage: There are many personal accident insurance plans that provide free extension coverage. A free extension cover goes beyond the standard coverage. It allows you to extend protection by including additional benefits without extra financial burden. You can get coverage for food poisoning, high-risk activities, animal and insect bites, etc. This way, you can customise your policy to include additional benefits that are tailored to your needs.
• Supplementary Benefits: • Personal accident insurance has a range of supplementary benefits that can further enhance your policy. Benefits like recovery aid or fracture aid can be added to your plan. Under recovery aid, you will have coverage for expenses that result from hospitalisation. It also includes daily cash payout if you are hospitalised or admitted to the ICU. Additionally, you will also receive family support funds and reimbursement for transportation expenses. Fracture care provides coverage for burns, fractures, and broken bones. You can also get reimbursement for any post-accident home modifications and mobility aid requirements. With such benefits, you can make sure that you have further safeguards in place and are ready for the curveballs life throws at you. • Personal accident insurance is like a safety net that catches you when you fall by taking care of you at your worst. It offers a comprehensive layer of protection against life’s unexpected twists. You will have peace of mind knowing that you have the financial support you need for your recovery and well-being.
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