Accident insurance coverage plans - What's included and excluded?

Accident insurance coverage plans - What's included and excluded?

Sometimes life throws us into unpleasant circumstances even when optimum care is taken. Even if a person takes all the necessary preventions, it is not guaranteed that he/she will not face an accident. A premium accident insurance coverage plan can provide a peace of mind by offering protection against almost all kinds of minor and major accidents. As with all insurance plans, an accident insurance plan also has certain exceptions. This article focuses on the inclusions and exclusions of an accident insurance coverage plan so that you are heedful of its scopes and limitations.

 What is an accident insurance coverage plan?

According to an article published by The Straits Times, there is a rise in the number of road accidents in Singapore from 2,998 to 4,552 between June and September, 2021. With such high surge in the number of accidents in day-to-day life, it is imperative to have an accident insurance plan. An accident insurance plan is a type of insurance plan that covers medical expenses that you may incur due to an accidental injury. You can claim for hospitalization expenses or medical expenses even without hospitalization. In severe cases, the plan provides payout in the event of permanent disability or accidental death. Some insurance companies also offer accident insurance coverage as a supplementary benefit to existing insurance plans.

 What is included and covered in an accident insurance plan?

Primarily, an accident insurance coverage plan covers accidents that are caused by public and private transports, fire accidents and pedestrian accidents. A more comprehensive accident insurance coverage plan also covers food poisoning, animals and insects bites, infectious diseases and even injuries sustained during National Service, reservist or adventurous activities. As the range of coverage varies from company to company, it is essential to check the range and the types of accidents that are covered by the particular insurance company before getting an accident insurance plan.

 What are excluded and not covered by an accident insurance plan?

There are certain types of accidents that are not covered by accident insurance coverage plans. If an injury, accident, disability, or death of the insured is caused by an intentional accident or negligence, the claims will be considered invalid. Injuries, accidents, disability, or death as a result from participation in civil or foreign war is also not covered. Claims will not be considered if an insured is diagnosed with HIV or any other form of STDs. Disability or death arising from participation in public violence will also be nullified.

Pregnancy and childbirth-related accidents, disabilities, and death are also not considered to be valid claims.

Before getting an insurance policy it is essential to understand its scopes and limitations. This will ensure that an individual takes an informed decision before buying an accident insurance cover plan.

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