Services · 04
Accident
If an accident stops the income, the medical card alone may not replace it.
Personal accident cover pays for accidental death, permanent disablement, and sometimes accident medical expenses. Illness is a different policy.
Accident is not illness
A personal accident plan responds to bodily injury caused by accidental means, as the policy defines it. A heart attack, cancer, or a stroke is generally a critical illness or medical question, not an accident claim.
- Accidental death and permanent disablement are usually a percentage of the sum assured, according to a scale in the contract.
- Weekly or monthly indemnity, if included, is for temporary disablement and is capped.
- Accident medical expenses, if included, are a small reimbursement benefit. They are not a substitute for a medical card.
- Occupation class changes both the premium and what is excluded. Hazardous work needs to be described honestly.
Where it sits in a plan
For an individual, it is a relatively direct way to add a cash benefit for accidents. For a company, group personal accident is often paired with group medical and group term life. We look at what you already have so you are not paying twice for the same ringgit.