What is personal accident insurance?
In the event of an accident, personal accident insurance plans cover the cost of medical treatments including compensations in case of accident-related disabilities or death. Medical expenses incurred during an accident, from surgeries and even treatments from traditional Chinese medicine (TCM) practitioners, are also claimable on a reimbursement basis. Some personal accident insurance also provides coverage for accident-related expenses such as mobility aids and prosthetics, home modifications, hospital income and child support benefits.
Why you should get a personal accident insurance
No matter how developed your safety consciousness is, it is inevitable that everyone can and may fall victim to unexpected accidents. Injuries sustained during the accident may prevent you from working for a period of time. This, coupled with hospital bills and medical expenses, can come up to a hefty sum in the event of an unfortunate accident.
Financial assistance under these circumstances can really help you and your family to cushion the blow. Accidents can happen anytime and when you least expect it. Especially if there is a sudden loss of income due to the accident, the personal accident insurance coverage can help to offset and ease the financial burden for you and your family.
Top personal accident insurance providers in Singapore
Check out the top personal accident insurance providers in Singapore:
Insurance Provider |
Aviva |
| Speciality |
|
| Pricing | Contact to request for quotation |
| Website | https://www.aviva.com.sg/en/ |
| Address | 4 Shenton Way, SGX Centre 2, #01-01, Singapore 068807 |
| Telephone | 6827 7988 |
| Operating Hours | Weekdays 8.45am – 5.30pm |
Insurance Provider |
NTUC Income |
| Speciality |
|
| Pricing | Contact to request for quotation |
| Website | https://www.income.com.sg/ |
| Address | Visit website for list of branches |
| Telephone |
For Life Insurance: 6788 1122
|
| Operating Hours | Weekdays 8.30pm – 6.30pm |
Insurance Provider |
AXA |
| Speciality |
|
| Pricing | Contact to request for quotation |
| Website | https://www.axa.com.sg/ |
| Address | #01-21/22 AXA Tower, 8 Shenton Way, Singapore 068811 |
| Telephone | 1800 880 4888 |
| Operating Hours | Weekdays 9am – 5.30pm |
Insurance Provider |
FWD Insurance |
| Speciality |
|
| Pricing | Contact to request for quotation |
| Website | https://www.fwd.com.sg/ |
| Address | 6 Temasek Boulevard, #18-01 Suntec Tower Four, Singapore 038986 |
| Telephone |
6820 8888 |
| Operating Hours | Weekdays 9am – 6pm |
Insurance Provider |
Sompo Insurance |
| Speciality |
|
| Pricing | Contact to request for quotation |
| Website | https://www.sompo.com.sg/ |
| Address | 50 Raffles Place, #03-03 Singapore Land Tower, Singapore 048623 |
| Telephone | 6461 6555 |
| Operating Hours | Weekdays 9am – 5pm |
Insurance Provider |
MSIG Holdings (Asia) Pte. Ltd. |
| Speciality |
|
| Pricing | Contact to request for quotation |
| Website | https://www.msig.com.sg/ |
| Address | 4 Shenton Way #27‑01 SGX Centre 2, Singapore 068807 |
| Telephone |
6827 2828
|
| Operating Hours | Weekdays 8.45am – 5.30pm |
Insurance Provider |
Tokio Marine Life Insurance |
| Speciality |
|
| Pricing | Contact to request for quotation |
| Website | https://www.tokiomarine.com/sg/en/personal/discover.html |
| Address | 20 McCallum Street #04-02, Tokio Marine Centre, Singapore 069046 |
| Telephone | 6592 6100 |
| Operating Hours | Weekdays 8.45am – 5.45pm |
Insurance Provider |
Etiqa Insurance Singapore |
| Speciality |
|
| Pricing | Contact to request for quotation |
| Website | https://www.etiqa.com.sg/ |
| Address | 16 Raffles Quay, Hong Leong Building, #01-04A, Singapore 048581 |
| Telephone | 6887 8777 |
| Operating Hours | Weekdays 8.30am – 5.30pm |
Insurance Provider |
Manulife |
| Speciality |
|
| Pricing | Contact to request for quotation |
| Website | https://www.manulife.com.sg/ |
| Address | 8 Cross Street #01-01A, Manulife Tower, Singapore 048424 |
| Telephone | 6833 8188 |
| Operating Hours | Weekdays 9am – 6pm |
Insurance Provider |
Great Eastern |
| Speciality |
|
| Pricing | Contact to request for quotation |
| Website | https://www.greateasternlife.com/sg/en/index.html |
| Address |
1 Pickering Street #01-01, Great Eastern Centre, Singapore 048659
|
| Telephone | 6248 2211 |
| Operating Hours | Weekdays 9am – 5.30pm |
Insurance Provider |
China Life Insurance |
| Speciality |
|
| Pricing | Contact to request for quotation |
| Website | https://www.chinalife.com.sg/ |
| Address | 1 Raffles Place #46-00, One Raffles Place Tower 1, Singapore 048616 |
| Telephone |
6727 4800
|
| Operating Hours | Weekdays 9am – 5.30pm |
Insurance Provider |
Prudential |
| Speciality |
|
| Pricing | Contact to request for quotation |
| Website | https://www.prudential.com.sg/ |
| Address | 5 Straits View #01-18/19, Marina One The Heart, Singapore 018935 |
| Telephone | 1800 333 0333 |
| Operating Hours | Weekdays 9am – 4pm (By appointment only) |
Insurance Provider |
United Overseas Insurance |
| Speciality |
|
| Pricing | Contact to request for quotation |
| Website | https://www.uoi.com.sg/uoi/index.html |
| Address | 3 Anson Road, #28-01 Springleaf Tower, Singapore 079909 |
| Telephone | 6222 7733 |
| Operating Hours | Monday – Thursday: 8.45am – 5.45pm
Friday: 8.45am – 4.45pm |
Insurance Provider |
AIG |
| Speciality |
|
| Pricing | Contact to request for quotation |
| Website | https://www.aig.sg/ |
| Address | AIG Building, 78 Shenton Way, Level 1, Singapore 079120 |
| Telephone | 6419 3000 |
| Operating Hours | Not available |
Insurance Provider |
HL Assurance |
| Speciality |
|
| Pricing | Contact to request for quotation |
| Website | https://www.hlas.com.sg/ |
| Address | 11 Keppel Road, #11-01 ABI Plaza, Singapore 089057 |
| Telephone | 6702 0202 |
| Operating Hours | Weekdays 9am – 6pm |
Insurance Provider |
China Taiping Insurance Singapore |
| Speciality |
|
| Pricing | Contact to request for quotation |
| Website | https://www.sg.cntaiping.com/en/personals/landing-protection/protection/personal-accident-safe.html |
| Address | 3 Anson Road #16-00, Springleaf Tower Singapore 079909 |
| Contact | Telephone: +65 6389 6111
Email: [email protected] |
| Operating Hours | Weekdays 8.45am – 5.30pm |
Insurance Provider |
AIA |
| Speciality |
|
| Pricing | Contact to request for quotation |
| Website | https://www.aia.com.sg/en/index.html |
| Address | 1 Finlayson Green, Singapore 049246 |
| Telephone | |
| Operating Hours | Weekdays 8.45am – 5.30pm |
Insurance Provider |
Liberty Insurance |
| Speciality |
|
| Pricing | Contact to request for quotation |
| Website | https://www.libertyinsurance.com.sg/ |
| Address | 51 Club Street #03-00 Liberty House Singapore 069428 |
| Telephone | 1800 5423 789 |
| Operating Hours | Weekdays 8.30am – 5.30pm |
Insurance Provider |
ERGO Insurance Pte. Ltd. |
| Speciality |
|
| Pricing | Contact to request for quotation |
| Website | https://www.ergo.com.sg/ |
| Address | 5 Temasek Boulevard, #04-05 Suntec Tower Five, Singapore 038985 |
| Telephone | 6829 9199/ 98276193 |
| Operating Hours | Weekdays 8.30am – 5.30pm |
Insurance Provider |
EQ Insurance |
| Speciality |
|
| Pricing | Contact to request for quotation |
| Website | https://www.eqinsurance.com.sg/ |
| Address | 5 Maxwell Road, #17-00 Tower Block, MND Complex, Singapore 069110 |
| Telephone | 6223 9433 |
| Operating Hours | Weekends 8.30am – 5.30pm |
Personal accident insurance coverage
There are various types of personal accident insurance plans available in the market with different coverage available. Below are some of the common coverage provided by personal accident plans.
Medical and Hospitalisation expenses
Although the coverage is not as extensive as a health insurance plan, you will be able to claim for medical and hospitalisation expenses. The benefit of personal accident insurance plans is the ability to claim for inpatient and outpatient treatments without being hospitalised.
Temporary Disability
Unlike life insurance policies that only provide payout for Total Permanent Disability (TPD), personal accident insurance plans also cover less severe disabilities. This is helpful when you are unable to work and earn an income during your recuperation period after the accident. While the daily payouts may not be on par with your usual earnings, it can at least provide some financial support to cover part of your daily expenses and bills.
Permanent or Partial Disability
In cases of permanent or loss of physical functions that cause inability to earn an income, personal accident insurance plans will provide a payout to the insured. These payouts can be used for your medical and daily expenses. There are also additional permanent disability cover or riders available that can provide reimbursement for home modifications or mobility aids or other medical related expenses incurred due to the accident.
Death Benefit
In an event of death caused by an accident, personal accident insurance plans provide a lump-sum payout to your beneficiaries. This can provide your family a form of temporary financial security in such situations.
Things to look out for when buying a personal accident insurance
There are many types of personal accident insurance in the market and there is no one size fits all. Before you purchase any personal accident insurance plan, do ensure that you read thoroughly and clearly understand the coverage and any special conditions.
Here are some considerations to take note of before you purchase a personal accident insurance plan.
Existing insurance plans
Depending on your current insurance plans, you can choose a lower coverage or skip on a personal accident insurance plan. If you do not have a life insurance plan or health insurance plan, you might want to consider opting for higher coverage for your personal accident insurance plan.
Source of income
If you are the only income earner in the family, it is even more crucial to have a personal accident insurance plan. Self-employed Individuals not covered under any organisation’s group insurance plans may also want to consider buying this insurance plan. It offers additional protection on top of your existing insurance plans, if any. This can help to provide a form of financial security for you and your family in case of a sudden loss of income.
Discounts on premium
If you have dependents, it will be good to consider getting an insurance plan that provides coverage for your whole family. Many personal accident insurance plans offer discounts on premiums for families and even provide free coverage for children.
Insurance provider customer service
An insurance plan is meant to provide a peace of mind amidst all the uncertainty. To avoid all the unnecessary hassle, ensure that the accident helpline is easily accessible and the claim process is quick and straightforward.
The reputation of the insurance provider is also another crucial factor. Find one that has a good track record and customer reviews. This reflects the quality of their service and handling of claims.
Factors that may increase your need for a personal accident insurance
Many situations can contribute and increase the probability of an accident. Some factors such as your lifestyle, occupation, daily habits and many variables can put you at greater risk of being in an accident.
Lifestyle
Personal accident insurance plans aren’t just for extreme sports enthusiasts. If you often play contact sports or take part in physical activities such as jogging or cycling, there is a risk of injuring yourself during the activity. You may want to consider choosing a personal accident insurance plan to complement your health insurance plan.
High risk occupations
Individuals in high risk occupations such as firefighting, police work, construction and oil rigging may have a relatively higher possibility of getting into an accident. Due to the nature of work, they may face difficulty finding insurance providers that provide coverage. Although the premium is slightly higher than the norm, there are still insurance providers who provide personal accident coverage for individuals in these jobs.
Mode of transportation
If you travel overseas often, check that your personal accident insurance plan provides coverage for overseas travel. As some plans only offer coverage for a certain duration while you are overseas, do ensure that you are covered during the period of your travel.
Also, individuals who travel often via a car, motorcycle, bicycle or PMD, should consider getting coverage in case of accidents during your commute.
Top Personal Accident Plans for comprehensive coverage
Listed personal insurance plans under provide highly detailed amounts for cover once you claim for personal insurance cover. While these provide original insurance over infectious diseases with good disability pay-outs, one remains highly, well covered under each of following schemes.
Top Personal Accident Insurance over infectious diseases (Coronavirus & Dengue)
FWD Personal Accident
Take them once one seeks health bills insurance over infectious diseases like Coronavirus (COVID-19) or dengue.
- COVID-19 coverage: Granted; over warding or complications or effects from taking some COVID-19 vaccination.
- Promotion: “BESTPA” get 25% lower
- Yearly Premium (Class 1 warding; S$1m coverage): S$1,000
Details & Pay-outs
Pay-outs |
Restrictions |
| Accidental Death & Disability | S$1,000,000 |
| Medical Expenses | S$15,000 |
| Medical Expenses (infectious disease) | S$7,500 |
| Hospital pay-out | S$500/day |
| Home Modification | S$50,000 |
| Weekly Income | S$500/week |
| Child Support pay-out | S$500,000 |
NTUC Income PA Assurance
Ponder such suppose one seeks disability or childcare pay-outs.
- COVID-19 Coverage: Granted, when engaged for infectious disease plan cover (zero delayed interval)
- Plan 4 Annual Premium (Class 1 warding): S$950
Details & Pay-outs.
Pay-outs |
Restrictions |
| Accidental Death & Disability | S$1,000,000 |
| Medical Expenses | S$20,000 |
| Hospital Income | S$400/day |
| Home Modification | S$25,000 |
| Weekly Pay-out | S$500/week |
| Child Support Pay-out | S$35,000 |
Cost-friendly Personal Accident insurance scheme
Listed personal accident schemes under remain highly, very affordably charged. Still, though these remain affordable, these exclude slashing down cover or could cover more delivering high personal accident pay-outs.
Lowest cost Personal Accident Insurance over Infectious Diseases (COVID-19 & Dengue, etc.)
FWD & Singsaver personal accident
Choose such were one demanding low-cost COVID-19 insurance
Get such schemes simply from SingSaver over pressing, “Get a Quote”.
- Yearly Premium (All jobs; S$100,000 Sum guaranteed): S$98
Details & Pay-outs.
Pay-outs |
100k Plan |
Basic Plan Avg. |
| Accidental Death & Disability | S$100,000 | S$86,842 |
| Accident Medical Expenses | S$2,000 | S$2,211 |
| COVID-19 Death Benefit | S$50,000 | N/A |
| Domestic COVID-19 Medical Expenses | S$1,000 | N/A |
| Overseas COVID-19 Medical Expenses | S$2,000 | N/A |
| Hospital Income | S$25/day | S$61/day |
| Mobility Prosthetics/Aids | S$10,000 | S$4,000 |
| Child Support Benefit | S$100,000 | S$32,538 |
| Personal Liability | S$100,000 | S$83,333 |
Lowest cost Personal Accident Plan, Accident Coverage
Aviva Personal Accident
Choose such in case one is typical office worker seeking to get the lowest cost plan.
- COVID-19 Coverage: None
- Aviva Lite Annual Premium (Class 1 Occupation): S$90.00
Details & Pay-outs:
Pay-outs |
Aviva Lite |
Basic Plan Avg. |
| Accidental Death & Disability | S$100,000 | S$86,842 |
| Medical Expenses | S$3,000 | S$2,211 |
| Hospital Income | S$50/day | S$61/day |
| Personal Liability | S$100,000 | 83,333 |
| Disability Coverage | 100% of Sum | 100% of Sum |
Top Personal Accident Plans to insure for Hazardous jobs.
It might seem extremely hard to locate relevant personal accident schemes in case one gets employed under a dangerous or dense machinery-driven jobs (class 4 job) as many insurers exclude offering coverage over one. Such jobs cover oil-rigging, police vocations, firefighting, construction, or unskilled labour. Still, you have some special personal accident schemes which may let you get to buy coverage suppose you still work under occupations. Many find FWD or Income for delivering top class cover for many holding such specified occupations.
Top High Coverage Personal Accident Insurance for dangerous jobs
NTUC Income PA Assurance
Take such were one occupied with some hazardous or heavy-risk work or require high levels of accidental death or disability cover
- COVID-19 Coverage: Granted, when bought plan along infectious disease cover (zero delayed interval)
- Yearly Premium (Class 4 job): S$1,900
Details & Pay-out.
Pay-outs |
Plan 4 |
Coverage Region Worldwide N/Alan Avg. |
| Accidental Death & Disability | S$1,000,000 | S$537,500 |
| Medical Expenses | S$20,000 | S$7,975 |
| Hospital Income | S$400/day | S$280/day |
| Mobility Prosthetics/Aids | S$2,000 | S$1,880 |
| Personal Liability | N/A | S$433,333 |
| Disability Coverage | 150% of Sum | 100% of Sum |
Coverage Region Worldwide N/A
Top Personal Accident Insurance over Seniors, elders
Upon getting mature, old, insurance next turns heavier priced as general chances for some medical hazard or accident rises. Under such cover, one could desire cutting out highly costly private health insurance plans, or just choose one specific personal accident plan for putting up cover for the hospitalisation cover. Under such instances, many claim FWD or TokioMarine that offers top class coverage to seniors, were they registered before the year 65.
Lowest cost Personal Accident Insurance, Seniors
FWD Personal Accident
Ponder such were one aged mature or seeking over budget personal accident cover
- COVID-19 Coverage: Granted; 50% of pay-out capped within infectious disease.
- Bonus: “BESTPA” to 25% over Annual Premium (Class 1 job; S$100,000k Plan): S$90.00
Details & Pay-outs
Pay-outs |
Restrictions |
| Accidental Death, Disability | S$100,000 |
| Medical Expenses | S$2,000 |
| Daily Hospital Income | N/A |
| Mobility Aids/Prosthetics | S$500 |
| Home Modifications | S$10,000 |
| Disability Coverage | 100% of Sum |
Coverage Region : Worldwide
Top Personal Accident Insurance over extended Retirement Cover
Tokio Marine TM365
Ponder such were one reaching to retirement or seeking to get a personal accident cover up to age 85.
- COVID-19 Coverage: None
- Yearly Premium (Class 1 ward): S$90.95
Details & Pay-outs
Pay-outs |
Restrictions |
| Accidental Death & Disability | S$50,000 |
| Medical Expenses | S$2,000 |
| Daily Hospital Income | S$50/day |
| Mobility Aids/Prosthetics | S$1,500 |
| Home Modifications | S$2,000 |
| Disability Coverage | 150% of Sum |
Top Personal Accident Insurance over individual Transport commuters
Etiqa eProtect Personal Mobility
Ponder such were one seeking damage or loss cover over the bicycle
- Essential Plan yearly Premium: S$188.00
Details & Pay-outs
Pay-outs |
Restrictions |
| Accidental Death & Disability | S$150,000 |
| Medical Expenses | S$3,800 (S$200 claimable) |
| Theft/Loss/Damage Coverage Full cost of Bicycle | (S$1,500-S$3,001) |
| Personal Liability | S$300,000 |
| Total Disability Coverage | 100% of Sum |
Coverage Region: Singapore
NTUC Income Personal mobility guard
Ponder such if one travels using bicycle or electric skate-scooter.
- Annual Premium: S$96.00
Details & Pay-outs
Pay-outs |
Restrictions |
| Accidental Death & Disability | S$200,000 |
| Medical Expenses | S$2,500 (S$100 Excess) |
| Personal Liability | S$1,000,000 |
| Disability Coverage | 100% of Sum |
Region of Coverage : Singapore
Possible methods to weigh the outcomes for picking the top performing Personal Accident scheme
Personal Accident cover remains just supplementary as an insurance plan, that shows one need just get thus suppose one knows one may really gain over the cover plan offers or one may afford, pay out on the yearly premiums. Taking a good plan relies on jobs, the desired pay-outs, budget.
Editor’s Note:
While every precaution has been made to ensure the accuracy and fairness of this listing, we acknowledge that they may be inaccuracies. Therefore, we urge you to contact the service provider above for the correct information and/or contact us with the correct information.
If you are a service provider and wish to be featured in this listing (MediaOne reviews are read by hundreds of thousands of Singaporeans), please contact us at [email protected]. There is no charge! Please allow us up to 3 working days to review before adjusting the information or including your entry.
