Personal Accident Insurance

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Personal Accident Insurance
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Definition

• Caused by external and visible accident
• Effect Death or Disablement

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Why do we need it?
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Things needed to be aware

• Coverage
• Ensure the policy gives you what you need.
• Careful the keyword in contract

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Things needed to be aware

• 2. Exclusion
• Death or injury caused by following event maybe
  excluded.
• Some insurance company may provide coverage for
  excluded event.
• ( Premium tend to be high)

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Things needed to be aware

• 3. Sum Insured (SI)
• Amount of compensation payable by the insurance
  company. (High SI High Premium)
• Pro-rata of compensation based on loss suffered.

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Before buy insurance

• Make use of comprehensive list of
• Personal Accident Plan for easy
• comparison purposes.

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Those didnt buy insurance

• - Huge Amount of unpaid medical bills
• - Increase family burden
• Emergency fund is run up.

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Prevention is better than cure
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Read more on

• https//www.imoney.my/personal-accident-insurance
• http//www.pvisoftware.com/blog/prevention-is-bett
  er-than-cure/