Insurance

Best Personal Accident Insurance Singapore

Have you ever heard of personal accident insurance? Offering coverage for accidental injury, deaths and even infectious diseases, here are the key benefits of having personal accident insurance. Updated 5 March 2021.

  • Phuan Wei Ning
  • |
  • Published on 12 Feb 2020

Key benefits of a personal accident insurance:

Commonly used to complement existing life or health insurance, personal accident (PA) plans provides coverage for accidents. With no medical underwriting required, PA plans may allow those with pre-existing medical conditions to still receive some form of coverage.

(See "All You Need To Know About Personal Accident Plans")


PA Star Deluxe
Personal Accident Insurance (100k)
PA Assurance Plan 1
TM PA Plan A
Protection Plus Silver Plan
Ready Protect Accelerate
Insurer
Sompo
FWD Insurance
NTUC Income
Tokio Marine
MSIG
Manulife
Accidental death
$100,000
$100,000
$100,000
$100,000
$100,000
$100,000
Double indemnity for accidental death
Yes, in event of fatal accident involving both insured adults or traffic accident
No
No
Yes, for accidental death while travelling or private car and/or public transport
No
Yes, for accidental death in public transport or during school activities
Medical expenses
Up to $3,000
Up to $2,000
Up to $2,000
Up to $2,500
Up to $1,000
Up to $2,000 or up to $4,000 if accident occurs overseas
Treatment by licensed chinese physicians and chiropractors cover
Up to $1,000 per accident and up to $2,000 per insured person (Sub-limit of $150 per visit)
Up to $500 for TCM and chiropractors. Up to $1,000 for physiotherapy
Up to $500 for TCM and up to $2,000 for physiotherapy per policy year
Sub-limit of up to $500 under medical expenses
Included under medical expenses limit
Up to $500
Infectious diseases cover
Yes, for 17 specified infectious diseases
Yes, for 22 specified infectious diseases.
Optional add-on
No
No
Yes, for 21 specified infectious diseases
Daily hospitalisation allowance
Receive $100 per day for up to 365 days. Doubled hospitalisation allowance for ICU for up to 50 days if hospitalised for 24 hours or more due to an accident.
Only available for plans 500k and above
$100 per day for up to 365 days per policy year
Optional add-on
$50 per day for up to $2,500
Optional add-on
Weekly income benefit
$100 per week for temporary disablement up to 104 weeks
Only available for plans 500k and above
$100 per week for up to 104 weeks consecutively
Optional add-on
$50 or 100 per week for up to 104 weeks
Optional add-on
Child support benefit
1) Tuition benefit of $200 per month for 12 months

2) Family allowance of $2,000 per month for 12 months

Guardian angel benefit of $100,000 per policy year
$5,000
No
No
Optional add-on
Event cancellation cover
$100 per event (staycation and ticket cancellation) for up to 2 events per policy year
$100 for cancellation of ticketed event as a result of haze
No
No
No
No
Benefits for your child
Free cover for unlimited number of children if both parents are covered under the same PAStar
No
40% off your child's premiums by insuring under same policy with either you or your spouse
Free child cover for up to 4 children
Free cover for up to 3 children if applied with spouse
No
Annual premiums for Class 1 occupations
$177.62
$90
$198
$198
$123.05
$173

*Comparison done is based on plans with a $100,000 accidental death coverage. Information is accurate as of 12 February 2020 with changes subjected to the insurer's discretion.


Best for affordability: FWD Personal Accident Insurance

At $90 a year, FWD Personal Accident Insurance offers affordable coverage for personal accident. Alternatively, should you wish to receive higher coverage, FWD Personal Accident Insurance also offers up to 1 million for accidental death coverage.

Promotion: Enjoy 26% off FWD Personal Accident plans with promo code "IFAST". Valid for 13 and 14 February 2020 only.


Get FWD Personal Accident Insurance >


Best for infectious diseases coverage: Sompo PA Star Deluxe, FWD Personal Accident Insurance and Manulife Ready Protect Accelerate

The policies as listed above protect against a list of specified infectious diseases. This includes dengue fever, avian influenza, Zika virus, SARS, hand foot and mouth disease and more.

NTUC Income's PA Assurance Plan 1 also offers the option to add-on for coverage against 21 specified infectious diseases.


Best for the convenience of cashless medical claims: Sompo PA Star

Connected to the MHC Clinic network, PA Star allows you to enjoy cashless treatments at over 400 GP panel clinics by simply flashing an eCard.


Best for free child cover: Sompo PA Star Deluxe, TM PA Plan A, MSIG Protection Plus Silver Plan

The plans listed above offers free child cover if you and/or your spouse applies for a personal accident insurance together with your child.

NTUC Income's PA Assurance Plan 1 also gives 40% off your child’s premiums if you insure him/her under the same policy as either you or your spouse.


Over 3,300 users trust FSMOne with their insurance planning


Live better, safer. Take risks with your investments, not your insurance.

Speak to our experts today to get proper protection.

Yes, I'm Interested!


Click here to find out how much protection you need



Available Products on FSMOne Insurance

Term Life, Whole Life, Critical Illness, Annuity, Health, Endowment


from Etiqa Insurance, Manulife, NTUC Income and Tokio Marine Life Insurance


*Please check with our advisory team if the product you want is available on FSMOne Insurance

Interested to learn more? Check out these articles:

Your Cheatsheet To The 2020 Holidays

The Truth About Endowments

When Is Whole Life Insurance The Better Option?

Cheap Car Insurance Singapore 2020

With My Corporate Cover, Do I Still Need Health Insurance?

All materials and contents found in this site are strictly for general circulation and informational purposes only and should not be considered as an offer, or solicitation, to deal in any of the funds or products found/identified in this site. While iFAST Financial Pte Ltd ("IFPL") has tried to provide accurate and timely information, there may be inadvertent delays, omissions, technical or factual inaccuracies and typographical errors. Any opinion or estimate contained in this report is made on a general basis and neither IFPL nor any of its servants or agents have given any consideration to nor have they or any of them made any investigation of the investment objective, financial situation or particular need of any user or reader, any specific person or group of persons. You should consider carefully if the products you are going to purchase are suitable for your investment objective, investment experience, risk tolerance and other personal circumstances. If you are uncertain about the suitability of the investment product, please seek advice from a financial adviser, before making a decision to purchase the investment product. Past performance is not indicative of future performance. The value of the investment products and the income from them may fall as well as rise. Opinions expressed herein are subject to change without notice. In respect of any matters arising from, or in connection with the said research analyses or research reports, recipients of the report are to contact IFPL at 10 Collyer Quay, #26-01 Ocean Financial Centre Building, Singapore 049315, or by telephone at +65 6557 2853. Where the report contains research analyses or research reports from a foreign research house and if the recipient of such research analyses or research reports is not an accredited investor, expert investor, institutional investor or an ex-accredited investor, IFPL accepts legal responsibility for the contents of such analyses or reports to such persons only to the extent as required by law. Please note that only certain security(ies) herein are available to all investors, while the rest are only available for certain persons to invest in, such as Accredited Investors (as defined in the Securities and Futures Act) or one who invests at least S$200,000 (or its equivalent currency) per transaction. To qualify as an Accredited Investor, one needs to submit a declaration form and certain relevant supporting documents, according to iFAST’s prevailing policies and procedures.

Please read our full disclaimers on the website at ( https://secure.fundsupermart.com/fsmone/policies/328125/investment-account-terms-&-conditions).

iFAST Financial Pte Ltd (IFPL) (registered address: 10 Collyer Quay #26-01 Ocean Financial Centre Singapore 049315, Telephone: 6557 2000) holds the Financial Advisers Licence issued by the Monetary Authority of Singapore ('MAS') to conduct regulated activities of advising on securities, marketing of collective investment schemes and arranging of any contract of insurance in respect of life policies, other than a contract of reinsurance and the Capital Markets Services Licence issued by the MAS to conduct regulated activities of dealing in securities and providing custodial services for securities. While IFPL has made every effort to ensure the independence of the report's contents, IFPL's nature of business is such that IFPL and its connected and associated entities together with their respective directors, officers and staff may be involved in providing dealing or investment-related services in the abovementioned securities, and have taken or may take positions in the securities mentioned in this report, and may also act as the principal for any buy or sell trades.


Ways to Invest with FSM Global
Why FSM Global
Don't have an account with us?
Open an account here
Need Financial Advice?
Make an appointment
Related Articles More

We use cookies If you close this message or continue to use this site, you will consent to the use of Cookies, unless you choose to disable them. Click on our Privacy Policy to understand more.