Insurance
Review – Sompo PA EASE – Less than $0.90/day for whole family?
By The Astute Parent  •  December 7, 2022
Sompo Insurance has this new personal accident insurance that covers only the core needs of personal accident. You'd see the the coverage table (shown below) mainly covers death, medical expenses and infectious diseases. There are no frills such as daily hospital cash and TCM coverage.

The wordings for accident is also good in my opinion.

Pros: Key coverage at very competitive premiums

It gives

  • 24/7 Worldwide coverage against accidental injuries
  • Covers HFMD, Dengue, COVID-19 while in Singapore
  • Free Extension coverage for Accidental Miscarriage, Food Poisoning, Insect/Animal Bites
  • Full coverage for children from as early as 1 month old*

Read more on policy wordings https://www.sompo.com.sg/docs/default-source/products-downloads/products/paease/paease.pdf

Cons #1 Infectious disease only in SG

The infectious disease cover is only valid when diagnosed in Singapore.

If you travel out of Singapore, there will be a 14 days waiting period from the date of return to Singapore. This means that food poisoning and covid related are not claimable in this instance.

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By The Astute Parent
We have been sharing in-depth insurance plan reviews to our community since 2016. TheAstuteParent is now the BIGGEST online resource of financial planning guides. We are committed to upholding it that way.
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