Does A Stay-At-Home Mom Need Personal Accident Insurance In Singapore?

1. Does A Stay-At-Home Mom Need Personal Accident Insurance In Singapore? As a stay-at-home mom, you might not have given too much thought to your need for personal accident insurance. And, you are not alone in this. It is a common misconception that only the breadwinner of the family who heads out to work each day requires accident insurance. The fact is that mishaps can happen to anyone, anywhere. A single misstep while climbing down the stairs can lead to a fracture which may confine you to bed for several weeks. This kind of an injury can also bring along unexpected costs incurred during treatment and recovery. Therefore, even as a stay-at-home mom, you may still require a personal accident insurance plan. This insurance policy does so much more than merely cover you for injuries sustained during accidents. Read on to understand the numerous benefits a personal accident insurance policy holds for you.

2. Coverage for infectious diseases • Infectious diseases spare no one, whether you are the breadwinner heading off to work daily or a homemaker caring for the family. Having an accident insurance policy keeps you covered against a wide range of infectious diseases in Singapore, such as anthrax infection, chikungunya, dengue fever, HFMD (hand, foot, and mouth disease), malaria, measles, mumps, rabies, rubella, yellow fever, and many other conditions.

3. Accidental death benefit • Personal accident insurance pays out a death benefit to the policy nominees if the insured person passes away tragically upon meeting with an accident. This payout can help provide for your children if you unfortunately pass on before they grow up.

4. Daily cash payout • Being admitted to hospital after an accident can lead to many more expenses apart from the actual cost of treatment. While your health insurance takes care of the costs of hospitalisation, you may enjoy an additional benefit from purchasing a rider on top of your base personal accident insurance planwhich provides a daily cash allowance that you can spend as you deem necessary. You can use this money to pay for transport costs incurred by your spouse to the hospital or even for any miscellaneous expenses that arise when you are admitted in the ICU.

5. Reimbursementfor home modification An accident might leave you wheelchair bound for an extended period. In this case, you might need to have few modifications done in your home for ease of access. For instance, you might need the shelves and drawers lowered so that you can reach out for things when you are home alone. As well know, costs for such modifications can be really unaffordable when they crop up suddenly. To manage such costs, simply opt in for a rider on your personal accident insurance plan that will reimburse you for any expenses incurred in home modification required due to your accident.

6. Global coverage Leading insurance companies in Singapore offer personal accident insurance policies that have worldwide coverage. So, even if you travel abroad with your spouse on holiday, you can enjoy true peace of mind knowing you are protected by insurance. As we can see, a personal accident insurance policy holds many benefits for a stay-at-home mom. Do make sure to discuss with your spouse and sign up for this coverage immediately. Take care.

7. We hope this article will help improve your understanding of the many benefits that come with having a personal accident insurance plan. Do speak to an insurance consultant for details on a plan that suits your needs and budget. Take care. Thank You Instagram- Youtube - Linkedin - Facebook- https://www.instagram.com/prudentialsingapore/?hl=en https://www.youtube.com/channel/UCWs_Qg2Rahok4kORir5w4eQ https://www.linkedin.com/company/prudential-assurance-company-singapore/ https://www.facebook.com/PrudentialSingapore/