The importance of having personal accident insurance in Singapore

The importance of having personal accident insurance in Singapore

Circumstances can be unpredictable. While you may like to go about life thinking you may never encounter an unfortunate event, it is more than likely that you might. The cost of treatments has risen significantly, so much so that you could even end up depleting your life savings. To avoid such instances, it would be better for you to get yourself insured for such situations by getting a personal accident insurance.

 What is personal accident insurance?

A personal accident insurance is a standalone insurance policy that provides coverage to the insured and their loved ones in case of an accident. This insurance plan complements existing hospitalisation or medical plans with 24-hour accident coverage worldwide. So, if you are ever in an accident while overseas, with the help of the hotline number provided, you can get the necessary assistance needed.  Helps protect your income: As mentioned earlier, it had become incredibly expensive to seek medical treatment due to the rising number of diseases. In case of a very serious injury due to an accident, you may not want to dip into your savings to pay off the medical bills. With a personal accident insurance, you do not have to worry about your savings. In fact, many plans include daily cash benefits, additional family support fund, reimbursement for transportation expenses, etc.

 Additional coverage: Personal accident insurance plans not only provide coverage to the policyholder in case of an accident but also other ailments. These include infectious diseases such as hand, foot and mouth diseases, dengue, food poising, high risk activities, animal/insect bites, etc. These can come especially handy if you are overseas and are taken ill due to the listed issues. To know better about the coverage provided, it is recommended that you visit the website of the insurer and understand what is included in the plan before purchase.  Protects the well-being of your loved ones: Accidents can occur due to a momentary lapse in judgement but some accidents are beyond our control. But what we can control is the well-being of our family members in case something should happen. Severe accidents can leave you permanently injured in the form of burns, loss of sight and other such factors. It would be better to not leave such things to chance and opt for an accident protection plan.

We do not ever wish to be in an accident but that does not mean that we do not think about what would happen to our loved ones just in case. You can conduct a thorough research and compare different plan together to better understand what is being offered to you before purchasing your insurance plan. It would also be better for you to get in touch with a financial advisor who will be able to guide you through the process. You can also get in touch with a representative of the insurance company to help answer your questions and help you explain the terms better.  You can even visit our Social sites: Facebook:- https://www.facebook.com/PrudentialSingapore/ LinkedIn:- https://www.linkedin.com/company/prudential-assurance-company-singapore/ YouTube:- https://www.youtube.com/channel/UCWs_Qg2Rahok4kORir5w4eQ Instagram:- https://www.instagram.com/prudentialsingapore/?hl=en