AMTD PolicyPal A personal accident insurance plan protects you financially when you get into an accident. Here are the best ones in the market you might want to consider.
Accidents can happen anytime, anywhere. If your accident requires hospital treatment and related medical expenses, you can get coverage from Integrated Shield Plans. However, what do you do if you’re not hospitalised, but still incur medical expenses that you need to pay?
Read on to find out about the best personal accident insurance plans in the market.
Best for high permanent and total disablement cover: MSIG ProtectionPlus
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Coverage |
Silver Plan |
Gold Plan |
Platinum Plan |
|
Adult Cover |
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|
Death |
S$100,000 |
S$150,000 |
S$250,000 |
|
Permanent & Total Disablement |
S$150,000 |
S$225,000 |
S$375,000 |
|
Permanent and Partial Disablement (Sum payable as a % of Permanent and Total Disablement) |
Up to S$100,000 |
Up to S$150,000 |
Up to S$250,000 |
|
Temporary Total Disablement (TTD) Inability to engage or attend to the usual employment or occupation (up to 104 weeks) |
S$100 per week |
S$300 per week |
S$600 per week |
|
Temporary Partial Disablement (TPD) Inability to engage or attend to the usual employment or occupation (up to 104 weeks) |
S$50 per week |
S$150 per week |
S$300 per week |
|
Worldwide Medical Expenses Includes Traditional Chinese Medicine, Accidental Dental and Mobility Aids |
S$1,000 |
S$3,000 |
S$5,000 |
|
Hospitalisation Cash Benefit Hospitalisation for at least 24 hours due to an accident |
S$50 per day (Max S$2,500) |
S$100 per day (Max S$5,000) |
S$200 per day (Max S$10,000) |
|
Recuperation Cash Benefit Hospitalisation for more than 14 consecutive days |
S$100 |
S$250 |
S$500 |
|
Bereavement Grant Following death by accident |
S$3,000 |
S$5,000 |
S$10,000 |
|
Terrorism Excluding biological, chemical agents and nuclear devices |
Covered up to the Sums Insured on Death at the first inception of the insurance |
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|
Additional Bonus Cover at No Extra Cost |
10% increased cover for Death and Permanent Disablement each year, up to the 3rd renewal. That’s 30% extra cover from the 4th year, absolutely free (if no claim is made in the preceding year) |
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|
Child Cover |
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|
Death |
S$10,000 |
S$15,000 |
S$25,000 |
|
Permanent and Total Disablement |
S$15,000 |
S$22,500 |
S$37,500 |
|
Medical Expenses |
S$100 |
S$300 |
S$500 |
|
Added Features |
Cover For Your Child(ren):
|
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Promotion |
NA |
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Best for infectious diseases coverage: Tiq Personal Accident
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Benefits |
Enhanced Silver |
Enhanced Gold |
Enhanced Platinum |
|
Accidental Death |
S$125,000 |
S$300,000 |
S$500,000 |
|
Permanent Disablement due to Accident |
S$125,000 |
S$250,000 |
S$500,000 |
|
Temporary Total Disablement |
S$50 weekly (up to 104 weeks) |
S$100 weekly (up to 104 weeks) |
S$200 weekly (up to 104 weeks) |
|
Medical Expenses Reimbursement
*Sublimit for TCM: Up to S$150 per visit and S$1,000 per accident |
S$500 S$500 S$1,000 |
S$1,500 S$1,500 S$1,500 |
S$2,000 S$2,000 S$2,000 |
|
Hospitalisation Allowance |
S$50 per day (up to 180 days) |
S$100 per day (up to 180 days) |
S$200 per day (up to 180 days) |
|
Facial Reconstruction Surgery |
S$1,000 |
S$2,000 |
S$5,000 |
|
Bereavement Grant |
S$3,000 |
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|
Mobility Expense Reimbursement |
S$1,000 |
S$2,000 |
S$3,000 |
|
Ambulance Fee |
S$200 |
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|
Home or Office Modification Reimbursement |
S$1,000 |
S$2,000 |
S$5,000 |
|
Death due to Infectious Disease |
S$50,000 |
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|
Permanent Disablement due to Infectious Disease |
S$50,000 |
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|
Physiotherapy |
S$1,000 |
S$1,500 |
S$2,000 |
|
COVID-19 Home Recovery Cash Benefits One-time payout: Outpatient medical expense upon diagnosis |
S$50 |
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|
COVID-19 Hospital Cash Benefit |
S$50 per day (up to 15 days) |
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|
Home Recovery for Infectious Diseases (including HFMD, dengue fever, and food poisoning) (Optional Benefit) |
S$50 per day (up to 10 days) |
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|
Promotion |
Get 30% off when you BUY NOW! |
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Best for Guardian Angel benefit: FWD Personal Accident Insurance
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Benefits |
100k |
200k |
300k |
500k |
1mil |
|
Accidental Death |
S$100,000 |
S$200,000 |
S$300,000 |
S$500,000 |
S$1 million |
|
Permanent & Total Disability (per policy year) |
S$100,000 |
S$200,000 |
S$300,000 |
S$500,000 |
S$1 million |
|
Guardian Angel Benefit (per policy year) |
S$100,000 |
S$200,000 |
S$300,000 |
S$400,000 |
S$500,000 |
|
Funeral Grant for Accidental Death |
S$5,000 |
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|
Weekly income Benefit for Temporary Total Disability (up to 104 weeks) |
Not available |
Not available |
Not available |
S$300 |
S$500 |
|
Medical Expenses for Inpatient & Outpatient |
S$2,000 |
S$4,000 |
S$6,000 |
S$10,000 |
S$15,000 |
|
Chinese Physician, Acupuncturist, Bonesetter, and Chiropractor Expenses |
S$500 |
S$600 |
S$700 |
S$1,000 |
S$1,500 |
|
Physiotherapy Expenses |
S$1,000 |
S$1,500 |
S$2,000 |
S$3,000 |
S$5,000 |
|
Daily Hospital Income (up to 365 days) |
Not available |
Not available |
Not available |
S$300 |
S$500 |
|
Mobility & Prosthesis Aids |
S$500 |
S$1,000 |
S$2,000 |
S$3,000 |
S$5,000 |
|
Home Modifications |
S$10,000 |
S$15,000 |
S$20,000 |
S$30,000 |
S$50,000 |
|
Daily Taxi Allowance (up to 2 weeks) |
S$20 |
S$30 |
S$40 |
S$60 |
S$100 |
|
Personal Liability |
S$100,000 |
S$200,000 |
S$300,000 |
S$400,000 |
S$500,000 |
|
Ticketed Event Cancellations |
S$100 |
S$200 |
S$300 |
S$500 |
S$1,000 |
|
Optional Benefits |
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|
Daily Hospital Income (up to 365 days) |
S$50 |
S$100 |
S$200 |
Included in base cover |
Included in base cover |
|
Weekly Income Benefit for Temporary Total Disability (up to 104 weeks) |
S$50 |
S$100 |
S$200 |
Included in base cover |
Included in base cover |
|
Damage to Personal Electronic Devices |
S$500 |
S$1,000 |
S$1,500 |
S$2,000 |
S$3,000 |
|
Additional Permanent Total & Partial Disability (per policy year) |
S$50,000 |
S$100,000 |
S$150,000 |
S$250,000 |
S$500,000 |
|
Medical Expenses Overseas for Inpatient & Outpatient |
S$4,000 |
S$8,000 |
S$12,000 |
S$20,000 |
S$30,000 |
|
Enhanced Permanent & Total Disability (per policy year) |
S$100,000 |
S$200,000 |
S$300,000 |
S$500,000 |
S$1 million |
|
Promotions |
Exclusive AMTD PolicyPal Group Promotion 1 April to 30 April 2024 Sum Assured S$300k -S$1million: Use Promo Code “POLICYPAL” to get 30% off |
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Best for financial relief and family support: Starr Insurance Urban Cover
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Product Coverage |
Bronze |
Silver |
Gold |
|
Protecting Insured |
|||
|
Accidental Death & Disability Coverage |
S$100,000 |
S$200,000 |
S$300,000 |
|
Accidental Medical Coverage |
S$2,000 |
S$4,000 |
S$6,000 |
|
Accidental Hospital Income |
S$50 |
S$100 |
S$150 |
|
Mobility Aid |
S$300 |
S$500 |
S$600 |
|
Home Renovation |
S$500 |
S$1,000 |
S$3,000 |
|
Providing Financial Relief (Terms & Conditions apply) |
|||
|
Weekly Income Benefit (Weekly – Max 6 months) |
S$100 |
S$200 |
S$300 |
|
Home Mortgage Loan Reimbursement (Monthly – Max 6 months) |
S$1,000 |
S$2,000 |
S$2,500 |
|
Credit Card Bill Reimbursement (Monthly, max 3 months) |
S$500 |
S$1,000 |
S$3,000 |
|
Supporting Family (Terms & Conditions Apply) |
|||
|
Utility Expense Reimbursement (Monthly) |
S$50 |
S$100 |
S$150 |
|
Parental/Family Allowance (Monthly) |
S$500 |
S$1,000 |
S$1,250 |
|
Child Tuition Fee Reimbursement (Monthly) |
S$500 |
S$700 |
S$1,000 |
|
Promotion |
NA |
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Best for comprehensive medical expenses coverage: Allianz Accident Protect Plus
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Coverage |
Silver Plan |
Gold Plan |
Platinum Plan |
Child Plan |
|
Accidental Death |
S$100,000 |
S$250,000 |
S$500,000 |
S$25,000 |
|
Permanent Disablement |
S$100,000 |
S$250,000 |
S$500,000 |
S$25,000 |
|
Bereavement Allowance/Grant |
S$2,000 |
S$3,000 |
S$4,000 |
S$2,000 |
|
Medical & Surgical Expenses (per accident) |
S$3,000 |
S$5,000 |
S$7,000 |
S$2,000 |
|
Mobility Aids & Home Modification Benefit (per accident) |
S$1,000 |
S$2,000 |
S$3,000 |
S$500 |
|
Infectious Disease Benefit (per event) |
S$100 |
S$200 |
S$300 |
S$50 |
|
Daily Hospital Cash (max 750 days per accident) |
S$50 |
S$100 |
S$200 |
Not available |
|
Daily Hospital Cash in ICU (max 90 days per accident) |
Not available |
S$200 |
S$400 |
Not available |
|
Recuperation Benefit (max 30 days per accident) |
Not available |
S$50 |
S$100 |
Not available |
|
Total Temporary Disablement (Weekly cash benefit) |
S$50 |
S$100 |
S$200 |
Not available |
|
Optional: Dependent Cover Benefits (per child) Child Education Fund |
S$25,000 |
S$50,000 |
S$100,000 |
Not available |
|
Promotion |
NA |
|||
Best for curated personal accident insurance packages: AIG Accident & Health Series
Sapphire Enhanced Choices
|
Coverage |
Standard |
Preferred |
Deluxe |
Prestige |
|
Basic Coverage |
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|
1. Accidental Death & Permanent Disablement |
S$100,000 |
S$200,000 |
S$300,000 |
S$500,000 |
|
2. Accidental Medical Reimbursement |
S$2,000 |
S$6,000 |
S$8,000 |
S$10,000 |
|
3. Mobility Aid & Ambulance Services Reimbursement |
S$4,000 |
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|
Dependent Child Cover *subject to T&Cs |
20% |
20% |
25% |
25% |
|
Parent(s) Support Fund |
S$1,000 |
S$3,000 |
S$4,000 |
S$5,000 |
|
Comprehensive Package (extend your protection by adding comprehensive benefits coverage) |
||||
|
Emergency Medical Evacuation |
S$15,000 |
S$25,000 |
S$50,000 |
S$75,000 |
|
Daily Hospital Income (Injury) for Intensive Care Unit |
S$100 |
S$200 |
S$300 |
S$500 |
|
Coma |
S$5,000 |
S$10,000 |
S$30,000 |
S$40,000 |
|
Infectious Disease Recovery Cover |
S$200 |
S$300 |
S$500 |
S$1,000 |
|
Home Contents |
S$10,000 |
S$10,000 |
S$20,000 |
S$30,000 |
|
Weekly Benefit for Temporary Total Disablement |
S$100 |
S$100 |
S$200 |
S$400 |
|
Optional Individual Add-Ons (Pick to personalise your coverage) |
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|
Critical Illness |
S$40,000 |
S$80,000 |
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|
Daily Hospital Income (Illness) |
S$100 |
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|
Additional Payout for Physiotherapy |
S$200 |
S$300 |
S$400 |
S$500 |
|
Complementary or Alternative Medicine |
S$750 |
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|
Lifestyle Maintenance |
S$5,000 |
S$10,000 |
S$15,000 |
S$25,000 |
|
Pet Care S$50 per day |
S$750 |
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|
Reimbursement of Event Tickets |
S$300 |
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|
Damage to Personal Effects (Subject to S$50 excess for every item) |
S$200 |
S$300 |
S$400 |
S$500 |
|
Child Support Fund |
S$5,000 |
S$10,000 |
S$15,000 |
S$25,000 |
|
Promotion |
NA |
|||
Best for loans coverage: Singlife Personal Accident
|
Coverage |
Lite |
Standard |
Plus |
|
Accidental death or disablement |
S$100,000 |
S$200,000 |
S$300,000 |
|
Medical Expenses for Accidental Injury: Hospital treatment by a doctor |
S$3,000 |
S$4,000 |
S$5,000 |
|
TCM or Chiropractor Therapy/Treatment (as a sub limit of the above) |
S$500 (S$50 per day) |
S$740 (S$75 per day) |
S$1,000 (S$100 per day) |
|
Physiotherapy Treatment for Accidental Injury |
S$1,000 |
S$2,000 |
S$3,000 |
|
Hospital allowance as a Result of Accident (up to 365 days) |
S$50 per day |
S$100 per day |
S$200 per day |
|
Personal Liability |
S$100,000 |
S$200,000 |
S$300,000 |
|
Child Support Fund |
S$5,000 |
S$10,000 |
S$15,000 |
|
Loan Protector |
S$10,000 |
S$20,000 |
S$30,000 |
|
Promotions |
NA |
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Related Story: Six Factors to Take Note of Before Taking Up a Personal Accident Plan
Why should you consider personal accident insurance?
Essentially, personal accident insurance covers you or your family with financial support if you die or become permanently disabled due to an accident while also covering some of your medical expenses incurred from the accident.
Personal accident insurance is a great option if you:
- Like to take part in extreme sports
- Travel using a motorcycle, bicycle, or electric scooter on roads
- Work in a physically high-risk role or environment
- Often travel to overseas locations that are relatively unsafe
- Have dependents (e.g. children and elderly parents)
How does personal accident insurance differ from health insurance and life insurance?
The table below summarises the three so that you can see how each type of insurance plays a role in your and your family’s protection.
|
Personal Accident Insurance |
Health Insurance |
Life Insurance |
|
Covers accidents resulting in death, total permanent disability, or permanent partial disablement |
Covers overall medical expenses, irrespective of the cause |
Covers health and accidents to a certain extent |
|
Does not cover illnesses or natural deaths |
No coverage for accident-related death or total permanent disability |
May not include or otherwise require an additional premium for pre-existing condition coverage |
Making the right personal accident insurance choice based on your needs
Essentially, personal accident insurance covers you or your family with financial support if you unfortunately die or become permanently disabled due to an accident, while also covering some of your medical expenses incurred from the accident, too.
Selecting the right personal accident insurance plan, however, is not a one-size-fits-all decision. You should tailor your choice to your individual circumstances, lifestyle, and needs. To make an informed decision, evaluate factors such as your occupation, daily activities, and family composition.
To help you envision how personal accident insurance can safeguard you in various scenarios, consider the following examples.
Active Lifestyle
If you’re a fitness enthusiast who does high-accident-risk activities like rock climbing, a plan offering coverage for accidental injuries sustained during these activities could provide peace of mind.
Family Protection
If you have dependents, a plan that extends to cover family members is invaluable. If an unfortunate event renders you disabled or dead, this coverage ensures your loved ones are financially supported.
Workplace Risks
Additionally, if you’re exposed to hazardous environments or involved in physical labour while working, focus on coverage that protects you from on-the-job personal accidents.
Travel Security
If you have a tendency for business or leisure trips, opt for personal accident plans that cover accidents not just domestically, but internationally too.
Critical Illness and Hospitalisation
Certain personal accident plans may include critical illnesses and hospitalisation coverage, which can come in handy if you’re looking for a plan which covers beyond personal accidents.
By assessing your unique situation, you can pinpoint the coverage elements that matter most to you and ensure that the plan you choose aligns perfectly with what you need. Therefore, taking the time to reflect on your needs ensures that the personal accident insurance plan you choose will serve as a reliable safety net during unexpected situations.
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Read More:
Insuring Your Future with the Right Insurance Coverage
What is an Integrated Shield Plan?
The Best Travel Insurance in Singapore For COVID-19 Coverage
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