5 reasons why you may need a personal accident insurance

While health insurance may be sufficient for most, there are certain lifestyles that call for added protection against injuries, disabilities, and diseases. With the right personal accident (PA) plan, you can feel confident knowing that you and your family are financially protected against life’s ‘what ifs’.

Here’s 5 reasons why it might make sense to buy a PA plan.

#1: Injuries can occur at work

Workplace injuries happen more often than we think, with 11,350 total injuries in Singapore documented in 2020.

If in the unfortunate event you get injured at work, a PA plan will provide financial relief should you be hospitalised, injured or require additional assistance. Some plans, like FWD’s Personal Accident insurance, also include daily hospital income of up to S$500 which can act as a financial safety net especially if you are the main breadwinner of the household.

#2: You enjoy sports, fitness or the outdoors

People who frequently engage in sports, fitness or outdoor activities¹ should also consider a PA plan as the likelihood of meeting with a fall or injury could be much higher as compared to someone who is less physically active.

Depending on the ward type, it can cost between S$891 and S$4,396 if you get injured while playing soccer, Singaporeans’ favourite sport. In such cases, having a PA plan which covers recreational and sports activities can step in and cover the inpatient or outpatient medical expenses incurred. It can even be used to supplement your private health insurance plan to offset any out-of-pocket costs you may incur.

Should you require the expertise of a Chinese Medicine Practitioner or Chiropractor, a PA plan like FWD’s also covers up to S$1,500 for Chinese physician, acupuncturist, bonesetter and chiropractor expenses. And if you meet with an accident that causes you to be permanently disabled, you’ll be able to claim up to S$5,000 in physiotherapy expenses so that you can focus on your recovery.

#3: You live near Dengue clusters

With 31 active dengue clusters in Singapore as of June 2021, it might be wise to take the necessary precautions against dengue by following these tips and adding extra financial protection especially if you stay around these areas.

A PA plan like FWD’s can help you do that by covering up to of medical expenses for mosquito-borne diseases such as Dengue fever, Zika fever, Chikungunya fever, Malaria and Yellow fever – in addition to other infectious diseases.²

While most Dengue cases may be mild, there are some extreme cases which could result in hospitalisation and death. For these reasons, FWD Personal Accident insurance offers up to S$500,000 coverage for death caused by Dengue fever³ so you and your family can have added peace of mind.

#4: You want financial protection against COVID-19

In addition to dengue and the infectious diseases mentioned above, an FWD PA Plan can also give you financial protection against COVID-19 if you choose not to opt for a separate COVID-19 insurance.

After a waiting period of only 15 days, you’ll be able to make a claim related to the COVID-19 outbreak earlier as compared to the usual 90 days waiting period of other infectious diseases.

And if you’re planning to get a COVID-19 vaccination, our Personal Accident insurance gives you the added assurance of knowing that you’ll be covered (at no extra cost!) for medically necessary inpatient expenses incurred in Singapore should you develop any side effects that require hospitalisation after the vaccination.⁴

#5: You have children

As children grow more active, they begin to test the world outside of their parent’s comfort zone, which naturally leads to more accidents. In fact, falls are the leading cause of non-fatal injuries to children, whether it’s falling off their bike or falling on the playground.

The right PA plan can ease some of your fears by giving you the assurance that your children are protected in case of unexpected accidents or illnesses, including common ones like food poisoning or Hand-Foot-Mouth disease.

Which PA plan is right for you?

FWD Personal Accident insurance provides an affordable and versatile cover for accidental death and disability, medical expenses, and more.

At the end of the day, accidents can happen to anyone. And with up to S$15,000 for inpatient and outpatient care in Singapore and the option to add a rider for up to S$30,000 of overseas medical coverage, FWD Personal Accident insurance would be a good place to start – especially if you fall into one of the groups above.

Get a personal accident insurance quote within a few minutes online.