7 Things you probably didn’t know about personal accident insurance

1. 7 Things you probably didn’t know about personal accident insurance Personal accident insurance helps cover you against a range of mishaps that can impact you unexpectedly. A fracture sustained from a fall on the stairs, a burn from spilt hot coffee, or a road accident…these incidents can unfortunately affect any of us. Personal accident insurance serves to supplement the coverage from hospitalisation insurance during such mishaps. To help you gain better insight into personal accident insurance, we have listed down 7 things that you probably didn’t already know about this form of coverage. 1.Covers more than accidents Apart from covering accidental death and injuries, personal accident insurance can also cover you against food poisoning, insect and animal bites, and a wide range of infectious diseases such as dengue fever, malaria, and hand, foot, and mouth disease (HFMD). 2.Covers adventurous activities Some of the best personal accident insurance plans in the country are known to also offer coverage for injuries sustained during adventurous activities such as scuba diving. This coverage may be subjected to certain terms and conditions; do speak to your financial consultant about plan exclusions. 3.Increased payout for accidents on public transport

2. Leading insurers in the country are also known to offer an increased payout (up to 3 times in value) for accidents sustained while travelling on public transportation. 4.Supplementary benefits You can enhance the protection of your base accident insurance plan by opting in for riders. Some of the benefits that riders can give you include daily cash payout if admitted in the ICU, reimbursement for transportation expenses, and coverage for post- accident home modification costs, among other things. Alternatively, some accident insurance can be added as a supplementary benefit to your other eligible base plans. 5.No claims bonus Many leading insurers offer you a certain percentage of increase in the sum assured if you do not make any claims for a certain number of years. You would then enjoy increased coverage at no additional cost to you. 6.Worldwide protection You can extend the coverage of your personal accident insurance plan so that it protects you while you are overseas too. Leading insurers in the country offer their policyholders a 24-hour global emergency helpline that they can use to get in touch and file a claim. 7.Wide choice of plans We all have our own unique expectations from insurance and budget for premiums. As such, it is important that you weigh your choices while selecting your plan. Personal accident insurance plans do not come in a ‘one-size-fits-all’ package. Insurers in Singapore offer a range of plans with different coverage limits and varying premiums. You can select the one that suits your needs and budget perfectly. Do talk to a financial consultant if you need any help in selecting a personal accident insurance cover for yourself and your loved ones. Remember to always ensure that your coverage is renewed on time annually so that you continue to reap the benefits of your plan. We hope that this article has proved to be helpful for you.