Forum
Last updated: 

Can people be declined of the personal accident insurance based on his/her occupation?

I work as a construction worker and I have been involved in numerous minor accidents and not what I am getting old, I am afraid that something worse might happen so I'm planning to get myself a personal accident insurance. Do insurance companies decline people with occupations that have a high risk of injury like mine?

User comments

  • user image

    No Name

    Sad to say that people with hazardous occupations or people with occupations that are prone to accidents are declined by the insurance companies. Examples of these occupations are construction workers, fire fighters, police, military, divers pilots, aire crews, ship breakers, ship crew, and more alike.

    2020.03.24 15:44

Please leave your knowledge and opinion!

Related Forums

What auto insurance will reassure me that my family will be able to use the money I saved in case I died unexpectedly?

What is the scope of those accident insurance?

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

Does term insurance have more worth than life insurance to you?

How can I assure that the insurance company is legit?

Can a baby that is blind get an insurance?

Related Reviews

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

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

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

With interest rate as low as 0.59% per month and a repayment period up to 10 years

BOC Debt Consolidation Plan (DCP) helps you pay off high interest balances with interest rate as low as 0.59% per month and a repayment period up to 10 years. You can consolidate all your credit cards/unsecured loans balances with no tiered interest, no lock-in period for your funds and no monthly conditions to meet, you have flexibility on hand while your account balance expands.

BOC Debt Consolidation Plan / Bank of China