Personal Accident Insurance Plans Malaysia
Personal Accident Insurance
The personal accident insurance plan in Malaysia, is a risk protection plan that provides money in the event of injury, disability or death due to accidents.
This financial support is paid to cover for medical bills or as cash flow coverage for loss of income. It is the cheapest insurance available to cover for the loss of life or disability.
Personal Accident Insurance Coverage
This personal insurance covers the accidental:
- Death of the insured person
- Total or permanent disability (TPD) of the insured person
- Loss of, or loss of use of, a specified body part (such as a limb)
- Income support allowance for the insured person
Most insurance policies also cover permanent partial disablement, temporary total disablement and/or temporary partial disablement due to critical illness, medical conditions and lifestyles. But this plan is specific for accident related causes.
Personal Accident Insurance Incidents Covered
Personal accident policies only offer protection against accidental death, injury and diseases. This personal insurance covers loss of income due to several causes as follows:
Accidental Death or Disabilities Due To:
- Road accidents
- Public conveyances (selected transportation, lifts and buildings)
- Infectious diseases
- Sports activities
- Animal, snake or insect attacks
- Drowning
- Hijacking
- Drugs
- Natural disasters
- Unprovoked murder and assault
- Inhalation of smoke or gases
- Radiation
- Terrorism
- Civil commotion, strikes and riots
Personal Accident Insurance Plan
Our Personal Accident Insurance Plan provides round-the-clock coverage, so you and your family will be assured of timely financial assistance should an accident happen. Personal accident insurance can be provided in two ways:
- as a stand-alone policy – either individually or as part of a group policy, where an employer takes out the policy on behalf of its employees; or
- as a benefit included as part of another product – for example, with travel insurance or a bank account.
Most personal accident policies pay out lump sum benefits when the policy terms are satisfied – which usually means when the consumer dies or suffers bodily injury as a result of an accident or unforeseen event.
Personal Accident Insurance Policy
What is this personal accident insurance policy?
This insurance policy is to cover for death or disablement due to an accident. The amount payable will be based on the plan you signed up for. This policy covers individuals only. Plans will differ between insurance companies.
What type of public conveyance is covered by this accident insurance?
Public conveyance referred to are:
1. Transportation such as buses, taxis, flights, trains and ferries.
2. Lifts and elevators.
3. Burning of public buildings such as theaters, hotels, schools and hospitals
AIA personal accident insurance policies covers 23 types of infectious diseases. Some of the common diseases, in Malaysia, covered are:
1. Bird Flu
2. Chikungunya Fever
3. Cholera
4. Dengue
5. Hand, Foot and Mouth Disease
6. Malaria
7. MERS-CoV
8. SARS
9. Tuberculosis (TB)
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Medical, Life and Group Insurance