Have You Been In An Accident Before?
Many of us have encountered various forms of accidents, whether it's a car collision, a fall resulting in a broken bone, or even an unexpected object striking our head. Sometimes, these accidents require us to spend time recuperating at home. In more severe cases, accidents can result in tragic outcomes like permanent disability or loss of life, which, in turn, may mean the inability to work and earn a livelihood for some individuals. This is the reason why you need a Personal Accident Insurance.
Who Needs Personal Accident Insurance?
Remember that the specific needs and circumstances of individuals vary, so it's important to carefully assess one's situation and consult with us to determine the most suitable coverage. Personal Accident Insurance can provide financial security and peace of mind for people from all walks of life.
Working Professionals
Anyone employed to protect against income loss due to accidents.
Frequent Travelers
For business or leisure and those who engage in adventure activities or travel to high-risk destinations.
Parents and Guardian
To ensures financial security in the event of a disability or death.
Students
They may not have extensive coverage through other policies like employer-based insurance.
Retirees
To safeguard their savings and provide for their families in the event of an accident.
Sole Proprietors
Who rely on their ability to work for income.
High-Risk Professionals
High-risk occupations, such as construction workers, firefighters, and law enforcement officers.
Sports Enthusiasts
Who participate in activities with an elevated risk of accidents, such as extreme sports or competitive athletics.
Type Of Coverage That Is Commonly Provided Under PA Policy
While insurance policies share the common goal of shielding you from financial losses, there often exists a multitude of misconceptions surrounding Personal Accident Insurance in comparison to other policy types, including Health Insurance.
Personal Accident insurance or PA insurance is an annual policy which provides monetary compensation in the event of injuries, disability or death caused solely by violent, accidental, external and visible events. It is different from life insurance and medical & health insurance. The following benefits are commonly provided under PA Policy.
Accidental Death
Accidental death, in insurance terms, refers to a situation where a policyholder or insured person dies as a direct result of an accident.
Did you know that in the unfortunate event of a car accident, Motor Insurance typically does not provide compensation for death or permanent disability? This is because Motor Insurance policies primarily focus on covering damages to your vehicle rather than offering benefits for personal injury or long-term disability.
Likewise, your health insurance might not extend coverage for such incidents, as health insurance policies typically prioritize coverage for illnesses rather than accidents.
Permanent Disablement
Permanent disablement, in insurance terms, refers to a condition in which an insured person suffers a disability that is expected to be permanent and prevent them from engaging in gainful employment or performing certain activities for the rest of their life. This disability is often a result of an accident and can vary in severity, ranging from partial to total permanent disablement.
Accidental Medical Expenses
Medical Expenses refers to the expenditures linked to necessary medical treatments, services, and supplies required by the policyholder or insured person due to injuries directly resulting from an accident.
Hospitalisation Benefits
Hospitalisation benefits under Personal Accident Insurance provide financial coverage to the insured person in case they are hospitalised due to injuries sustained in an accident.
Many individuals assume that when they invest in a Personal Accident policy with hospitalisation benefits, they are covered for a wide range of scenarios, including illnesses. However, this is not the case. Hospital benefits under a Personal Accident policy are applicable only when you experience an accident.
Funeral Expenses
Funeral expenses coverage in insurance is a type of benefit provided by certain insurance policies to help cover the costs associated with a policyholder's or a covered individual's funeral and burial expenses in the event of their death. This coverage is designed to ease the financial burden on the deceased's family or beneficiaries during a difficult and emotional time.
Weekly Indemnity
Weekly indemnity in a Personal Accident insurance policy is a type of benefit that provides a fixed weekly payment to the insured person in the event they are temporarily disabled due to an accident. This benefit is designed to help compensate for the loss of income or wages that the insured person may experience while they are unable to work due to their accident-related injuries.
Repatriation Benefits
Repatriation benefits under a Personal Accident insurance policy refer to the coverage provided for the transportation of an insured person's remains or their mortal remains back to their home country or the place of their permanent residence in the event of their death while traveling or residing abroad.
Tragically, there have been heartbreaking instances where Malaysians met their untimely demise while traveling, leaving their grieving, burdened by the overwhelming financial challenges of repatriating their loved one's lifeless body.
What We Have For You
Ultima Care
Provides you and your family financial support in case of unfortunate events such as death, injury, or permanent disability, offering 24/7 global protection.
Special Features
- Enjoy high coverage up to RM1,000,000 per adult and RM3,000,000 per family for Accidental Death or Permanent Disablement.
- Watch your principal sum insured grow with 10% each year, soaring to a maximum of 100% upon policy renewal for Death and Permanent Disablement
- Double Indemnity Benefits up to RM2,000,000 per adult and RM6,000,000 per family when you travel on public transport or abroad.
- Enjoy more relief as we will settle your credit card bills up to your limit, giving you financial peace of mind.
- Coverage up to RM1,000,000 per adult or RM3,000,000 per family for accidental injury or property damage to third-party.
Ultima V3
A Personal Accident Insurance plan that offers additional benefits, including Double Indemnity Cover, Personal Liability Cover, and the option to add Temporary Total Disablement Benefit and more.
Special Features
- Enjoy coverage up to RM1,000,000 for Accidental Death or Permanent Disablement.
- Watch your principal sum insured grow with 10% each year, soaring to a maximum of 50% upon policy renewal for Death and Permanent Disablement
- Double Indemnity Benefits up to RM2,000,000
- Earn Weekly Hospital Income & Temporary Total Disablement up to RM1,000 weekly.
- Cashless Panel Hospital Admission up to RM3,000
- Coverage up to RM500,000 for accidental injury or property damage to third-party.
Auto Plus
Personal Accident Insurance plan for drivers, riders, passengers, and pillion riders during their journey, whether getting in, riding, or getting off the commercial vehicle or motorcycle.
Special Features
- Enjoy up to RM35,000 sum insured for Accidental Death and Permanent Disability.
- Reimburse actual cost of medical including fee of trained nurses and hospitalisation up to RM1,500.
- Receive a daily cash allowance of RM150, starting from the second day of hospitalisation, with coverage extending up to a maximum of 150 days per year.
- Enjoy coverage for surgical operation costs, with benefits extending up to RM3,000.
- Receive up to RM3,000 fixed allowance in the event of death of the insured person.
Easy Rider
Driving is more than transportation; it's an adventure with loved ones. Prioritise passenger safety with Easy Rider coverage for a secure journey anywhere for as low as RM0.26 per day.
Special Features
- Enjoy up to RM50,000 sum insured for Accidental Death and Permanent Disablement per person.
- Enjoy Double Indemnity for selected Permanent Disablement Benefits for extra peace of mind
- Medical expenses benefits up to RM2,000 per person.
- Receive Daily Hospital Income up to RM60 starting from the second day of hospitalisation, with coverage extending up to a maximum of 60 days.
- We provide coverage for ambulance fees, up to RM300 per accident.
- Enjoy extra comfort with Burial or Cremation Allowances up to RM2,000 per person.
Territorial Limit: Anywhere within Malaysia, Singapore, Brunei Darussalam or Thailand.
SOMPO CashNow
SOMPO CashNow provides daily hospitalisation cash benefits for injuries or illnesses, grants allowances for hospitalisation due to COVID-19, and includes coverage for accidental death and bodily injury, all for as low as RM0.31 per day.
Special Features
- Enjoy affordable premium as low as RM113.50 and that's only RM0.31 per day.
- Receive a one-time payment of up to RM20,000 in the event of an Accidental Death.
- Lump sum hospital allowance up to RM5,000 due to COVID-19.
- Get daily cash benefit for each day you are hospitalised up to a maximum of RM18,000.