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

A very close friend of mine suddenly died due to a car accident. Since his death was unexpected, he was not able to prepare for it. He did not save money for his insurance and now his family is suffering. Given that he was the only one providing his family's needs, her wife is devastated. Now that the breadwinner is gone, they were left in hell. I wanted to make sure that my family will not face the same situation his family is experiencing

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    Be reassured with the insurance that you have by making sure that you read the contract thoroughly. There are ways where life insurance is not applicable or will not cover the death. First, is when the cause of death is suicide. It will also not cover when there are health-related issue to the death nor when illegal activities where done. There are some cases wherein the insurance will not be applied because it is outside the country. When a person also died because of armed conflict. Always make sure that you read what you have signed because we do not want every effort will not pay off.

    2020.03.24 15:44

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Who is/are eligible for a Personal Accident Insurance?

Based on your information, you are definitely eligible. The eligibility for personal accident insurace are first you have to reside in Singapre, two, you have to be a citizen of Singapore, a permanent resident or a pas holder, and lastly, you must be between 16-70 years old. This plan is also renewable upto the age of 75.

What are the insurances that are locally present?

Insurances has different categories. It is not only usable here in Singapore but it can be also used in other countries. Insurances keeps your budget safe when something happens to you. It also helps you with some expenses that are not planned a long the way that occurs to the owner of the insurance.

An overseas worker needs his insurance abroad.

It is a good thing to avail insurance while you are still young to be protected whenever an accident happened to you. Many insurance companies will satisfy your needs that you will benefit from soon. Most of this insurance can cover you even in abroad. You just need to give your details to confirm if you have availed it.

Can my doctor charge me for co-pay even if I've already reached my out-of-money maximum?

If your insurance company tells you that you are not required to pay for co-pay then it just means that you are not required to. You should try telling the doctor's billing department because in most cases, the doctor's are not informed about this. Once you've consulted with the billing department they should reinburse the money that you've used.

A person with disability needs insurance.

Insurance has no limits. Everyone can get insurance whatever there status in life. They can be disable or not. When you are disabled, you can get other benefits that only cases like you have. Once insured, you can get it anytime you need it. Disabled people mostly use their insurance for there cases. Having insurance is a privelage, so do not overwelm yourselves with it.

What is a Personal Accident Insurance?

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.

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