A Few Myths On Personal Accident Insurance That You Must Stop Believing Now!
Accidents can happen to anybody, at any time. One moment, things are fine and the following, they have turned out badly. However, that is the way how life runs unexpected difficulties come to your way when you least expect them to. Anything you can do is to be prepared for the worst and wish that is never happens. An personal accident insurance plan is probably the most effective way by which you can cover yourself against accidents. The coverage you get stretches out to offer payouts for a scope of minor incidents and major accidents so you might secure your finances during a crisis.
Despite the numerous undeniable advantages that personal accident insurance holds, many individuals in Singapore come up short on the coverage presented by this insurance plan. This gap in coverage can be mostly accused on the presence of numerous myths on this insurance type. In this article, we will list down the common myths on personal accident insurance that you want to quit believing at this point. Myth 1: Personal accident insurance only covers you against accidents. Fact: It gets you against far beyond accidents. Aside from accidental death and disability, you get coverage against irresistible illnesses, for example, Dengue and rubella, food poisoning, animal bites, and high-risk exercises. You can likewise pick in for riders to improve your coverage. For example, you might decide to add a rider that gives you 'every day cash benefit' if you are hospitalized because of an accident.
Myth 2: I'm a secured individual; I don’t require personal accident insurance. Fact: No matter how mindful we are, accident can still happen. You could be headed to work when someone stuck to their phone bumps into you and knocks you to the floor resulting in hyper-extended knee or worse. Even in the event that you remain at home a large portion of the day, you could stumble on stairs or slip in the bathroom and end up with a fracture. Moreover, as mentioned in the previous point, personal accident insurance likewise covers a scope of irresistible sicknesses. These sicknesses include dengue, Hand Foot and Mouth Disease, malaria, mumps, rabies, rubella, and SARS among others. As these diseases can affect anybody, it's a good idea to get a personal accident insurance plan for yourself & family as well. A decent plan will ease the financial pain of such incident and guarantee you're in a good place again right away. Myth 3: I don't need personal accident insurance in case of health insurance. Fact: Personal accident insurance serves to complement the coverage you appreciate from health care insurance. Now, your health insurance will cover your hospital charges at the same time, it won't help you if you end up losing your income due temporary disability from an accident. In such circumstance, a personal accident insurance plan will assist you with remaining above water financially. Furthermore, you can add numerous riders to your coverage to cover different expenses that might emerge because of an accident. For example, you can add a rider to take care of home modification costs that might be required because of an accident.
We hope this article will help you in understanding the many advantages that comes with having an personal accident insurance plan. Do speak to a insurance advisor for more details on plan that suits your requirements and budget. Take Care.
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