How Good is Accident Insurance? Why Do We Need? What Are the Coverages?
Accident insurance is like a personal assistant that provides you coverages in case of having accidents which are unpredictable. Having personal accident insurance is very important in protecting savings and paying medical bills. These are the reasons why the insurance is necessary. Let’s see benefits of PA insurance (personal accident insurance).
- Why should we have accident insurance?
- Proper accident insurance for children and the elderly
- When should we buy accident insurance? And where?
Why should we have accident insurance?
Having PA insurance or personal accident insurance is a must because it provides you coverages for medical expenses incurred from accidents. Children or adults are all at risk of having accidents. And that is the key reason of having it.
Coverages in case of unexpected situation
Accidents happen anytime from travelling, doing sports or activities, or working. You cannot be sure that you and your family are safe because accidents are unexpected situation. So, having accident insurance will help relieve burden from expenses, and your savings or finance will not be affected.
Coverages for medical expenses in case of emergency situation
As we all know, in case of accidents or emergency situation, patients have to be hospitalized. And of course, medical expenses incur such as physician fee, medication fee, medical service fee or ER fee. In total, the amount is relatively high. Accident insurance will take care of such expenses and your savings will not be touched.
Compensation based on cases
If an accident causes inability to work because recovery period is needed, you will get compensation while you are in recovery period in case your accident insurance policy has a feature of compensation. Or in case of dismemberment, loss of eyesight, disability or death, the accident insurance will provide you compensation, indemnity and funeral benefit, etc.
Proper accident insurance for children and the elderly
These 2 groups have different needs of an accident insurance. Let’s see tips of how to choose proper accident insurance for children and the elderly.
Accident insurance for children
First few things that parents should consider are sum insured and medical treatment limit in case of accidents, comparing with annual premium. Then, the parents should consider additional coverages besides the main insurance whether they are needed. Some insurance contracts can be adjusted to match your needs and lifestyles.
Accident insurance for the elderly
Main condition of accident insurance for the elderly aged over 60 years old is higher premium than insureds aged younger than 60 years old because of higher risks. You should buy accident insurance that covers the elderly and has affordable premium to meets insureds’ needs and conditions.
When should we buy accident insurance? And where?
Accident insurance is protection for you and your family. Not only physical and mental injuries after an accident, you might lose your savings too. So, when should you have insurance? And where to buy to get accident insurance that meet your needs the most.
When should we buy insurance?
You should buy when you think that you or your family have higher risk of accidents from lifestyles and increasing age, and such unforeseen accidents will affect your life or savings. So, to enhance financial stability, accident insurance is a must.
Where?
If you never buy accident insurance or bought it for a long time, you might have many inquiries or concerns. Thus, we recommend you to inquire information or purchase accident insurance from an insurance agent. You can check details of accident insurance plans and make comparison by visiting the Company’s website before deciding to buy an accident insurance.
We hope that you will understand the importance of accident insurance because it is another tool to protect you and your family from unexpected situations. Moreover, medical expenses are very expensive. Even if it is just a minor accident, the money that you need to pay is also important for your life. Nobody can predict the future.
Therefore, personal accident insurance or PA insurance is a must-have item. It protects you from loss of money due to any accidents in your daily life. We recommend you PA Safety insurance that provide coverage for medical expenses from accident of up to 100,000 Baht/ time(1) and premium is not over 10 Baht(2) per day.
- Coverage for medical expenses from accident of up to 100,000 Baht/ time(1)
- Coverage for life, disability or dismemberment due to accident of up to 2,00,000 Baht(3)
- Global accident coverage 24/7
- SOS service
- Check policy details, pay premium, search hospitals, submit claim request via “MTL Click” application.
- Entry age is 30 days – 75 years old.
For more information
☑️ Tel. 1766, 24/7
☑️ Contact life insurance agents
(1) In case of choosing plan 3
(2) In case of choosing plan 3 for female insured aged 26 – 60 years old with occupational class 1 and annual premium payment mode.
(3) In case of choosing plan 3 and having public accident
- Premium is eligible for tax deduction. Conditions are as specified by the Revenue Department.
- Underwriting is subject to the Company’s rules.
- Benefits of dismemberment and loss of eyesight, hearing and speech are according to percentage specified in the insurance policy.
- Please study the details of coverage, conditions and exclusions before making a decision to purchase insurance.
Sources: Retrieved on 24/07/2023