Personal Accident Insurance in Singapore
Insurance to Have in Case of an Accident: Personal Accident Insurance Policies
Accidents can happen when they’re least expected – and when there’s a lot at stake. One way to plan for accidents and to ensure there is financial help available in case an accident does occur is with a Personal accident plan. If you do not have a personal accident policy yet, read below to learn more about what it includes and why you may want one. The policy could turn out to be extremely helpful if you ever do experience a serious accident.
What Is A Personal Accident Plan?
A personal accident policy is one that can help with financial support if you’re ever in an accident. Along with insurance to cover medical bills and hospitalization, the personal accident policy helps cover the financial support that may be needed if you cannot work for a period of time because of the accident. The payout can be done via reimbursement for expenses, based on the medical expenses you get from the accident, or in a lump-sum payment.
What’s Covered in A Personal Accident Plan?
Every plan is different, so you’ll need to choose one that meets your needs. However, there are a few different types of coverage that are common with this type of insurance plan. They include the following: