MoneyDuck Experts
Waiting for your Request!
Forum
Last updated: 

What is a Personal Accident Insurance?

I was searching for different types of insurance on line and I came accross a company that offer various types of insurances. One that really caught my attention was the health and personal accident insurance. Accidents always happen and they are inevitable. Some accidents may be harmless but there are times when accidents would lead to injuries that needs medical treatment. What are the basic coverages of personal accident insurance?

User comments

  • user image

    No Name

    Personal accident insurance pays you either a lump sum or reimbursements for out-of-pocket expenses in case of injury, disability or death resulting from an accident. Unlike medical insurance, the premiums are fixed, and you do not need to undergo any medical examination before the policy is incepted. The basic coverage are accidental death and or disability, children and medical reinbursement.

    2020.03.24 15:44

Please leave your knowledge and opinion!

Related Products

Related Articles

Related Forums

I got hit by a vehicle, I need my insurance from my country.

Check your insurance if you avail an insurance for overseas, most insurance have overseas category or listed with it. So most likely you can use your insurance wherever you go. Having insurance before going out of country is one of the best choices that you might make. Safety from travels can lessen your burden and might help you with your future tours.

I don’t have immediate cash on me and the month is about to end, can I collect from my insurance?

I just passed by and from my knowing, I don’t think you'd be able to claim the insurance that you have been spending on especially for wants that is most likely out of the question, most insurance companies only release the money that you have been investing on only when you've been injured, deceased or in dire need of help

Gonna cost me a lot of money for my surgery

Insurances covers medical bills, hospital bills and surgical bills. It can depend on what insurance you availed before. But most of the insurance that are being offered has medicinal coverage/ hopital coverage that will help you with the expenses. Saving for the future at a young age makes your life easier.

Should I really get one?

Insurance is a great thing to have. Being secured for your future is a great idea that may help you and your family if ever something happened to you. But not everyone is convinced with insurance. Insurance is a practice or arrangement by which a company or government agency provides a guarantee of compensation for specified loss, damage, illness, or death in return for the payment of a premium. So your family's money is secured if ever something happens to you.

I want to register for Travel Insurance. So what I will have to follow which rules and what will need document?

Basically, you need will have to these documents to register Travel Insurance. (1) Travel insurance claims form (2) Copy of Policy and policy number, Travel dates (3) Copy of tickets (4) Amount of loss (5) Identity card (6) Proof of age (7) Any government documents If you've these all documents so you can easily register Travel Insurance. There's no problem. And talk is of the rule. So rule does apply on the document. And if you've legal documents. So it's no problem! So go and register!

I want to sell insurance too

Insurance companies are spread through out the world. They almost covered every country in the map. Not all people have insurances but people refer it to them. Some companies use this strategy for them to get more costumers in buying insurances. Most companies allow those people who have bought there insurance to sell and will give them a percentage of the product.

Related Providers

Related Reviews

Enjoy the convinence of merging debts into one account with a fixed interest rate.

Debt consolidation loans from Citibank allow you to merge debts into one account with a fixed interest rate. Citibank bundles the debt consolidation loan into the Citibank Debt Consolidation Plan. This plan also provides you with a capped revolving credit facility, to be used as a payment method for daily expenses. If you need to get your debts organised, consider a debt consolidation plan from Citibank.

Citi Debt Consolidation Plan / Citibank Singapore

Unlike its competitors, OCBC does not charge a processing fee

OCBC's debt consolidation loans charge slightly higher interest rates compared to those of other lenders in Singapore. For this reason, the bank's product is not the most affordable. On the other hand, individuals who are unable to obtain the most affordable debt consolidation loan offers could consider applying for OCBC's Debt Consolidation Plan as a backup option. Unlike its competitors, OCBC does not charge a processing fee and it does not list rates "from X%", which suggests that its rates are more transparent and accessible. Another drawback of OCBC's debt consolidation loans is that they are only offered for tenures of 3 to 8 years, which is restrictive for individuals that would prefer a longer or shorter term debt consolidation plan.

OCBC Debt Consolidation Plan / Oversea-Chinese Banking Corporation

Low interest rates and awesome cash rebates

Maybank's promotional interest rates for its debt consolidation loans are as low as 3.88%; EIR 6.92% making it an affordable option for borrowers that are able to obtain the bank's best rates. Additionally, Maybank is offering a cash rebate of S$388 to approve applicants. Maybank's current promotions for its debt consolidation plans make these loans a competitive option.

Maybank Debt Consolidation Plan / Maybank Singapore

UOB's debt consolidation plan is an effective yet expensive alternative to other plans

UOB's debt consolidation plan is best viewed as an expensive alternative to other plans because the bank advertises interest rates that are higher than those of its competitors. Borrowers that have not previously used UOB's services are however eligible for slightly better rates but it is unclear what rates these borrowers will receive in due to the vague wording on the UOB's website

UOB Debt Consolidation Plan / United Overseas Bank

HSBC stands out as one of a few lenders that provides details regarding its interest rates

HSBC offers the lowest guaranteed flat and effective interest rates for debt consolidation loans in Singapore. Additionally, it is currently waiving its application fee for online applicants, which is normally S$88 or 1% of the loan amount. While other lenders advertise lower rates than HSBC, they use vague language such as "as low as" that indicates that borrowers may actually be offered substantially higher rates. For this reason, HSBC stands out as one of a few lenders that provides details regarding its interest rates. Additionally, it offers the lowest rates among banks that guarantee interest rates published online.

HSBC Debt Consolidation Loan / HSBC Bank Singapore

Lowest debt consolidation plan interest rates in Singapore with effectivly low interest rates

CIMB advertises the lowest debt consolidation plan interest rates in Singapore, with effective interest rates as low as 7%. This is a great rate for some borrowers that are actually able to secure it; however it is difficult to assess the total cost of CIMB's debt consolidation loan compared to a loan from another bank.Additionally, because POSB, DBS and Maybank are offering cashback promotions and HSBC is offering S$100 cashback and waived processing fees, CIMB's lack of promotions and 1% processing fee make it a less appealing source for debt consolidation loans. It also offers loans with shorter durations of up to 8 years than many other DCP lenders in Singapore.

CIMB Debt Consolidation / CIMB Bank Berhad Singapore Branch

Trending topics