- Personal accident insurance plans often advertise similar accidental death benefits, but medical treatment coverage is usually the most relevant benefit for policyholders.
- Many accident claims involve outpatient treatments such as physiotherapy, TCM consultations, and chiropractic therapy.
Personal accident insurance is a type of insurance policy that provides financial protection when an insured person suffers injury, disability, or death due to an accident. In addition to lump-sum benefits for severe outcomes, many policies reimburse medical treatment expenses incurred during recovery.
While insurers frequently promote accidental death coverage amounts such as S$100,000, the benefit most frequently used by policyholders is medical expense reimbursement after minor or moderate accidents. These claims typically involve outpatient treatments required during rehabilitation.
This article compares several personal accident insurance plans using a S$100,000 accidental death benchmark and evaluates how effectively these policies cover outpatient medical treatments such as physiotherapy, Traditional Chinese Medicine (TCM), and chiropractic therapy.
Key takeaways
