Best Personal Accident Insurance Plans in Singapore

personal accident insurance

Great Eastern Hospital Cash Plan

A personal accident insurance plan protects you financially when you get into an accident. Here are the best ones in the market you might want to consider.

Accidents can happen anytime, anywhere. If your accident requires hospital treatment and related medical expenses, you can get coverage from Integrated Shield Plans. However, what do you do if you’re not hospitalised, but still incur medical expenses that you need to pay?

Read on to find out about the best personal accident insurance plans in the market.

 

Best for high permanent and total disablement cover: MSIG ProtectionPlus

Coverage

Silver Plan

Gold Plan

Platinum Plan

Adult Cover

Death

S$100,000

S$150,000

S$250,000

Permanent & Total Disablement

S$150,000

S$225,000

S$375,000

Permanent and Partial Disablement (Sum payable as a % of Permanent and Total Disablement)

Up to S$100,000

Up to S$150,000

Up to S$250,000

Temporary Total Disablement (TTD)

Inability to engage or attend to the usual employment or occupation (up to 104 weeks)

S$100 per week

S$300 per week

S$600 per week

Temporary Partial Disablement (TPD)

Inability to engage or attend to the usual employment or occupation (up to 104 weeks)

S$50 per week

S$150 per week

S$300 per week

Worldwide Medical Expenses

Includes Traditional Chinese Medicine, Accidental Dental and Mobility Aids

S$1,000

S$3,000

S$5,000

Hospitalisation Cash Benefit

Hospitalisation for at least 24 hours due to an accident

S$50 per day

(Max S$2,500)

S$100 per day

(Max S$5,000)

S$200 per day

(Max S$10,000)

Recuperation Cash Benefit

Hospitalisation for more than 14 consecutive days

S$100

S$250

S$500

Bereavement Grant

Following death by accident

S$3,000

S$5,000

S$10,000

Terrorism

Excluding biological, chemical agents and nuclear devices

Covered up to the Sums Insured on Death at the first inception of the insurance

Additional Bonus Cover at No Extra Cost

10% increased cover for Death and Permanent Disablement each year, up to the 3rd renewal. That’s 30% extra cover from the 4th year, absolutely free (if no claim is made in the preceding year)

Child Cover

Death

S$10,000

S$15,000

S$25,000

Permanent and Total Disablement

S$15,000

S$22,500

S$37,500

Medical Expenses

S$100

S$300

S$500

Added Features

Cover For Your Child(ren):

  • Up to 3 children covered for free when you and your spouse enrol at the same time
  • Up to 3 children covered if you or your spouse alone enrols with the children – Subject to benefits and premium

Promotion

NA

 

Best for infectious diseases coverage: Tiq Personal Accident

Benefits

Enhanced Silver

Enhanced Gold

Enhanced Platinum

Accidental Death

S$125,000

S$300,000

S$500,000

Permanent Disablement due to Accident

S$125,000

S$250,000

S$500,000

Temporary Total Disablement

S$50 weekly 

(up to 104 weeks)

S$100 weekly 

(up to 104 weeks)

S$200 weekly 

(up to 104 weeks)

Medical Expenses Reimbursement

  1. Outpatient medical expenses*
  2. Inpatient medical expenses due to bodily injury
  3. Inpatient Medical Expenses due to Infectious Diseases

*Sublimit for TCM: Up to S$150 per visit and S$1,000 per accident

S$500

S$500

S$1,000

S$1,500

S$1,500

S$1,500

S$2,000

S$2,000

S$2,000

Hospitalisation Allowance

S$50 per day 

(up to 180 days)

S$100 per day

(up to 180 days)

S$200 per day

(up to 180 days)

Facial Reconstruction Surgery

S$1,000

S$2,000

S$5,000

Bereavement Grant

S$3,000

Mobility Expense Reimbursement

S$1,000

S$2,000

S$3,000

Ambulance Fee

S$200

Home or Office Modification Reimbursement

S$1,000

S$2,000

S$5,000

Death due to Infectious Disease

S$50,000

Permanent Disablement due to Infectious Disease

S$50,000

Physiotherapy

S$1,000

S$1,500

S$2,000

COVID-19 Home Recovery Cash Benefits

One-time payout: Outpatient medical expense upon diagnosis

S$50

COVID-19 Hospital Cash Benefit

S$50 per day (up to 15 days)

Home Recovery for Infectious Diseases (including HFMD, dengue fever, and food poisoning) 

(Optional Benefit)

S$50 per day (up to 10 days)

Promotion

Get 30% off when you BUY NOW!

 

Best for Guardian Angel benefit: FWD Personal Accident Insurance

 

Benefits 

100k

200k

300k

500k

1mil

Accidental Death

S$100,000

S$200,000

S$300,000

S$500,000

S$1 million

Permanent & Total Disability

(per policy year)

S$100,000

S$200,000

S$300,000

S$500,000

S$1 million

Guardian Angel Benefit 

(per policy year)

S$100,000

S$200,000

S$300,000

S$400,000

S$500,000

Funeral Grant for Accidental Death

S$5,000

Weekly income Benefit for Temporary Total Disability 

(up to 104 weeks)

Not available

Not available

Not available

S$300

S$500

Medical Expenses for Inpatient & Outpatient

S$2,000

S$4,000

S$6,000

S$10,000

S$15,000

Chinese Physician, Acupuncturist, Bonesetter, and Chiropractor Expenses

S$500

S$600

S$700

S$1,000

S$1,500

Physiotherapy Expenses

S$1,000

S$1,500

S$2,000

S$3,000

S$5,000

Daily Hospital Income 

(up to 365 days)

Not available

Not available

Not available

S$300

S$500

Mobility & Prosthesis Aids

S$500

S$1,000

S$2,000

S$3,000

S$5,000

Home Modifications

S$10,000

S$15,000

S$20,000

S$30,000

S$50,000

Daily Taxi Allowance 

(up to 2 weeks)

S$20

S$30

S$40

S$60

S$100

Personal Liability

S$100,000

S$200,000

S$300,000

S$400,000

S$500,000

Ticketed Event Cancellations

S$100

S$200

S$300

S$500

S$1,000

Optional Benefits

Daily Hospital Income 

(up to 365 days)

S$50

S$100

S$200

Included in base cover

Included in base cover

Weekly Income Benefit for Temporary Total Disability 

(up to 104 weeks) 

S$50

S$100

S$200

Included in base cover

Included in base cover

Damage to Personal Electronic Devices

S$500

S$1,000

S$1,500

S$2,000

S$3,000

Additional Permanent Total & Partial Disability 

(per policy year)

S$50,000

S$100,000

S$150,000

S$250,000

S$500,000

Medical Expenses Overseas for Inpatient & Outpatient

S$4,000

S$8,000

S$12,000

S$20,000

S$30,000

Enhanced Permanent & Total Disability 

(per policy year)

S$100,000

S$200,000

S$300,000

S$500,000

S$1 million

Promotions

Exclusive AMTD PolicyPal Group Promotion

1 April to 21 April 2024

Sum Assured S$300k -S$1million: Use Promo Code “POLICYPAL” to get 30% off

 

Best for financial relief and family support: Starr Insurance Urban Cover

Product Coverage

Bronze

Silver

Gold

Protecting Insured

Accidental Death & Disability Coverage

S$100,000

S$200,000

S$300,000

Accidental Medical Coverage

S$2,000

S$4,000

S$6,000

Accidental Hospital Income

S$50

S$100

S$150

Mobility Aid

S$300

S$500

S$600

Home Renovation

S$500

S$1,000

S$3,000

Providing Financial Relief (Terms & Conditions apply)

Weekly Income Benefit 

(Weekly – Max 6 months)

S$100

S$200

S$300

Home Mortgage Loan Reimbursement (Monthly – Max 6 months)

S$1,000

S$2,000

S$2,500

Credit Card Bill Reimbursement (Monthly, max 3 months)

S$500

S$1,000

S$3,000

Supporting Family (Terms & Conditions Apply)

       

Utility Expense Reimbursement (Monthly) 

S$50

S$100

S$150

Parental/Family Allowance

(Monthly)

S$500

S$1,000

S$1,250

Child Tuition Fee Reimbursement (Monthly)

S$500

S$700

S$1,000

Promotion

NA

 

Best for comprehensive medical expenses coverage: Allianz Accident Protect Plus

Coverage

Silver Plan

Gold Plan

Platinum Plan

Child Plan

Accidental Death

S$100,000

S$250,000

S$500,000

S$25,000

Permanent Disablement

S$100,000

S$250,000

S$500,000

S$25,000

Bereavement Allowance/Grant

S$2,000

S$3,000

S$4,000

S$2,000

Medical & Surgical Expenses 

(per accident)

S$3,000

S$5,000

S$7,000

S$2,000

Mobility Aids & Home Modification Benefit

(per accident)

S$1,000

S$2,000

S$3,000

S$500

Infectious Disease Benefit 

(per event)

S$100

S$200

S$300

S$50

Daily Hospital Cash 

(max 750 days per accident)

S$50

S$100

S$200

Not available

Daily Hospital Cash in ICU

(max 90 days per accident)

Not available

S$200

S$400

Not available

Recuperation Benefit

(max  30 days per accident)

Not available

S$50

S$100

Not available

Total Temporary Disablement

(Weekly cash benefit)

S$50

S$100

S$200

Not available

Optional: 

Dependent Cover Benefits (per child)

Child Education Fund

S$25,000

S$50,000

S$100,000

Not available

Promotion

NA

 

Best for curated personal accident insurance packages: AIG Accident & Health Series

Sapphire Enhanced Choices

Coverage

Standard

Preferred 

Deluxe

Prestige

Basic Coverage

1. Accidental Death & Permanent Disablement

S$100,000

S$200,000

S$300,000

S$500,000

2. Accidental Medical Reimbursement

S$2,000

S$6,000

S$8,000

S$10,000

3. Mobility Aid & Ambulance Services Reimbursement

S$4,000

Dependent Child Cover 

*subject to T&Cs

20%

20%

25%

25%

Parent(s) Support Fund

S$1,000

S$3,000

S$4,000

S$5,000

Comprehensive Package

 (extend your protection by adding comprehensive benefits coverage)

Emergency Medical Evacuation

S$15,000

S$25,000

S$50,000

S$75,000

Daily Hospital Income (Injury) for Intensive Care Unit

S$100

S$200

S$300

S$500

Coma

S$5,000

S$10,000

S$30,000

S$40,000

Infectious Disease Recovery Cover

S$200

S$300

S$500

S$1,000

Home Contents

S$10,000

S$10,000

S$20,000

S$30,000

Weekly Benefit for Temporary Total Disablement

S$100

S$100

S$200

S$400

Optional Individual Add-Ons 

(Pick to personalise your coverage)

Critical Illness

S$40,000

S$80,000

Daily Hospital Income (Illness)

S$100

Additional Payout for Physiotherapy

S$200

S$300

S$400

S$500

Complementary or Alternative Medicine

S$750

Lifestyle Maintenance

S$5,000

S$10,000

S$15,000

S$25,000

Pet Care 

S$50 per day 

S$750

Reimbursement of Event Tickets

S$300

Damage to Personal Effects

(Subject to S$50 excess for every item)

S$200

S$300

S$400

S$500

Child Support Fund

S$5,000

S$10,000

S$15,000

S$25,000

Promotion

NA

 

Best for loans coverage: Singlife Personal Accident

Coverage

Lite

Standard 

Plus

Accidental death or disablement

S$100,000

S$200,000

S$300,000

Medical Expenses for Accidental Injury:

Hospital treatment by a doctor

S$3,000

S$4,000

S$5,000

TCM or Chiropractor Therapy/Treatment

(as a sub limit of the above)

S$500

(S$50 per day)

S$740

(S$75 per day)

S$1,000

(S$100 per day)

Physiotherapy Treatment for Accidental Injury

S$1,000

S$2,000

S$3,000

Hospital allowance as a Result of Accident

(up to 365 days)

S$50 per day

S$100 per day

S$200 per day

Personal Liability

S$100,000

S$200,000

S$300,000

Child Support Fund

S$5,000

S$10,000

S$15,000

Loan Protector

S$10,000

S$20,000

S$30,000

Promotions

NA

 

Related Story: Six Factors to Take Note of Before Taking Up a Personal Accident Plan

Why should you consider personal accident insurance?

Essentially, personal accident insurance covers you or your family with financial support if you die or become permanently disabled due to an accident while also covering some of your medical expenses incurred from the accident.

Personal accident insurance is a great option if you:

  • Like to take part in extreme sports
  • Travel using a motorcycle, bicycle, or electric scooter on roads
  • Work in a physically high-risk role or environment
  • Often travel to overseas locations that are relatively unsafe
  • Have dependents (e.g. children and elderly parents) 

How does personal accident insurance differ from health insurance and life insurance?

The table below summarises the three so that you can see how each type of insurance plays a role in your and your family’s protection.

Personal Accident Insurance

Health Insurance

Life Insurance

Covers accidents resulting in death, total permanent disability, or permanent partial disablement

Covers overall medical expenses, irrespective of the cause

Covers health and accidents to a certain extent

Does not cover illnesses or natural deaths

No coverage for accident-related death or total permanent disability

May not include or otherwise require an additional premium for pre-existing condition coverage

 

Making the right personal accident insurance choice based on your needs

Essentially, personal accident insurance covers you or your family with financial support if you unfortunately die or become permanently disabled due to an accident, while also covering some of your medical expenses incurred from the accident, too.

Selecting the right personal accident insurance plan, however, is not a one-size-fits-all decision. You should tailor your choice to your individual circumstances, lifestyle, and needs. To make an informed decision, evaluate factors such as your occupation, daily activities, and family composition.

To help you envision how personal accident insurance can safeguard you in various scenarios, consider the following examples.

Active Lifestyle

If you’re a fitness enthusiast who does high-accident-risk activities like rock climbing,  a plan offering coverage for accidental injuries sustained during these activities could provide peace of mind.

Family Protection

If you have dependents, a plan that extends to cover family members is invaluable. If an unfortunate event renders you disabled or dead, this coverage ensures your loved ones are financially supported.

Workplace Risks

Additionally, if you’re exposed to hazardous environments or involved in physical labour while working, focus on coverage that protects you from on-the-job personal accidents.

Travel Security

If you have a tendency for business or leisure trips, opt for personal accident plans that cover accidents not just domestically, but internationally too.

Critical Illness and Hospitalisation

Certain personal accident plans may include critical illnesses and hospitalisation coverage, which can come in handy if you’re looking for a plan which covers beyond personal accidents.

By assessing your unique situation, you can pinpoint the coverage elements that matter most to you and ensure that the plan you choose aligns perfectly with what you need. Therefore, taking the time to reflect on your needs ensures that the personal accident insurance plan you choose will serve as a reliable safety net during unexpected situations.

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Read More:

Insuring Your Future with the Right Insurance Coverage

What is an Integrated Shield Plan?

The Best Travel Insurance in Singapore For COVID-19 Coverage

 

Protected up to specified limits by SDIC. This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained on our Site constitutes a solicitation, recommendation or endorsement by AMTD PolicyPal Group in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction.You may wish to seek advice from a qualified adviser before buying the product. 

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