BEST PERSONAL ACCIDENT INSURANCE (UPDATED JANUARY 2024)

What is personal accident insurance?

A personal accident plan is an insurance policy designed to provide protection against injuries, disabilities, and death caused by accidents.

Main coverage:

  1. Provides a lump sum in the event of accidental death or permanent disability
  2. Provides weekly income in the event of temporary disability caused by accidents
  3. Pays for medical expenses and hospitalisation as a result of accidents

Some providers may include these additional benefits:

  1. Pays for medical expenses as a result of Infectious diseases such as dengue and Covid-19
  2. Pays for overseas repatriation if an accident occurs abroad

What defines an accident?

An incident that happens unintentionally and suddenly, typically resulting in damage or injury.

Get covered

What is Personal Accident Insurance?

A personal accident plan is an insurance plan designed to provide coverage against injuries, disabilities, and death caused by accidents.

3 main categories these plans cover:

  1. Accidental death benefits
  2. Permanent or temporary disability caused by accidents
  3. Medical expenses and hospitalisation benefits as a result of accidents

Some providers may include these optional benefits to their plans:

  1. Medical expenses as a result of Infectious diseases such as dengue and Covid-19
  2. Overseas repatriation
  3. Disability income as a result of an accident

What defines an accident?

An incident that happens unintentionally and suddenly, typically resulting in damage or injury.

Get quote

High medical expenses claim at a low premium: Tokio Marine TM 365 Plan B, Sompo PA Star Deluxe
Best if you prefer alternative treatments, e.g. Traditional Chinese Medicine (TCM) and chiropractors: HSBC Life Smart PA Protect+, Income PA Assurance, Tokio Marine TM 365
Wide coverage of Infectious diseases: Income PA Assurance, Sompo PA Star
Best for older folks: AIG Personal Accident Plan for 50+, Tokio Marine TM 365
Best for those with hazardous occupations: Income PA Assurance Plan
Best for those with a tight budget: Tokio Marine 365 Plan A, Singlife Personal Accident Lite

Compare personal accident plans

 

 

Plan nameMSIG Protection PlusTokio Marine TM 365Ready ProtectPA StarLiberty PACare Plus – EnhancedPA AssuranceSingLife Personal Accident
Plan typeSilverPlan BAccelerateDeluxeEconomyPlan 1Lite
Accident Death$100,000
$100,000
$100,000
$100,000
$100,000
$100,000
$100,000
Accident Disablement$150,000$150,000
Medical expenses for accidental injury
Claim limit
$1,000 per year$4,000 per accident$2,000 per accident. Double while overseas$3,000 per accident$3,000 per accident$2,000 per accident$3,000 per year
12 months from accident12 months from accident12 months from accident12 months from accident12 months from accident12 months from accident12 months from accident
Traditional chinese medicine (TCM) / Chiropractor / PhysiotherapySub-limit of medical expenses benefit

– TCM/Chiropractor: Up to 50% of this benefit, up to $75 per visit per day

Sub-limit of medical expenses benefit

– TCM / Chiropractor: $1,000

TCM / Chiropractor : $500Sub-limit of medical expenses benefit

– TCM / Chiropractor: $300 per Accident (up to $50 per visit) subject to max. $600 per Policy Year

– Physiotherapy: $1,000 per accident

TCM / Chiropractor/Physiotherapy : $400 per accidentTCM / Chiropractic Treatment: $500 per accident

Physiotherapy: $1,000 per accident

Sub-limits of medical expenses benefit

– TCM / Chiropractor: $500, up to $50 per day

– Physiotherapy: $1,000

Hospital allowance
Normal ward
$50 per day up to S$2,500
$100 per day
With additional premiums
$100 per day up to 365 days
$100 per day up to 90 days
$100 per day up to 365 days
$50 per day up to 365 days
ICU$200 per day$200 per day up to 90 days$100 per day up to 30 days
Weekly cash incomeUp to $100 per week up to 104 weeksUp to $100 per week up to 104 weeks $100 up to 104 weeks in a rowUp to $100 per week up to 104 weeks$100 up to 104 weeks in a rowWith additional premiums
Children coverage Optional, Child coverage is 50% of adult coverage Optional, Child coverage is 25% of adult coverageFree child coverage:
– If both parents take up the policy together together, the child is covered for 30% of the parents’ sum insured.

– If only one parent takes up the policy,the child is covered for 10% of parent’s sum insured.

For paid child coverage:
50% of parent’s sum insured

YesFree children cover up to 30% of sum insured
Annual Premium Payable based on Class 1 occupation $124.19$141.70$174.60$196.20$204.92$221.06$285.23

All the options confusing you?

We shop the top insurers for you, saving you time and money.

Get Free quote

What does it cover?

Accidental death or permanent disability benefits

A lump sum will be paid out should the worst happen. This amount can help to supplement the income loss to you and your family. The full sum assured will be paid and you have discretion on how you would like to spend it.

Income replacement

Should a temporary disability occur, a cash income—usually $100-$300 per week—will be paid to you.

Medical expenses and hospitalisation coverage as a result of accidents

This is a key benefit for most people who purchase personal accident plans. You are able to reimburse medical bills incurred as a result of an accident. This covers costs such as doctor’s consultation, X-rays, MRI, scans, TCM, physiotherapies and chiropractic treatments. Typically, these are not covered by your typical hospitalisation plan, which often only covers hospital stays, not outpatient costs.

Some providers may extend their benefits to cover additional benefits such as:

Infectious diseases such as Dengue and Covid-19

Infectious diseases and insect bites are not considered as accidents per se. But most insurers extend their personal accident benefits to cover these incidents. Dengue benefits can be useful to those living in hot dengue zones

Overseas repatriation

Accidents can happen anywhere. A comprehensive accident plan can provide additional coverage while you travel abroad. In a serious accident, chartering a flight to bring patients back home safely will be costly and this benefit can help to offset the large transportation cost.

Read more: Do I Need a Personal Accident Plan if I Already Have Life Insurance?

 

Frequently asked questions (FAQ)

What happens if I have company insurance too? 

If you are already insured by your company for medical expenses, the same bill cannot be claimed against your personal accident policy, and vice versa. 

However, accidental death or disability lump sum payouts and weekly income can still be paid on top of other insurance payouts, including company insurance.

If I have a personal accident policy, does this mean I don’t need a medical plan?

A comprehensive medical insurance plan is more essential than a personal accident policy. If you are starting out with your insurance planning, prioritise getting yourself covered for major hospitalisation bills before looking into personal accident policies.

This ensures you are well prepared for larger medical bills caused both by accidents and illness that can deplete your savings.

Read more: Best Integrated Shield Plans in Singapore

Would my Personal Accident insurance cover me outside of Singapore?

Yes, most personal accident insurance policies cover overseas bills as long as they’re caused by an accident. However, there is a limit to the number of days that you can be outside of Singapore before the coverage expires.

Back to top

Do I need personal accident insurance?

As an optional add-on to medical and life insurance coverage, you should only purchase if you are able to afford the additional premiums.

Life insurance plans provide lump sum payouts upon death or total and permanent disability (TPD). If you have a personal accident plan, it’ll pay out together with a life insurance plan in the event of an accidental death or TPD.

So if you are in a physically riskier occupation or indulge in high impact hobbies, it will be good to buy a personal accident plan as additional protection for you and your family

Choose a plan that suits your needs most, at a budget that you are most comfortable paying for.

 

Submit your interest to get a personalised quote