Personal Accident Benefits
Do you know that your motor insurance also provides you with personal accident benefits? The insurer will pay you a lump sum of money for accidental death or bodily injuries if the accident is in direct connection with your vehicle or while traveling in or mounting/dismounting from your private motor car.
Generally the compensation amount is as follows although it may vary with different insurers:
a) “Death” – S$20,000
b) “Total and irrecoverable loss of sight in both eyes” – S$20,000
c) “Total loss by physical severance at or above the wrist or ankle of both hands or both feet or one hand together with one foot” – S$20,000
d) “Total loss by physical severance at or above the wrist or ankle of one hand or one foot together with the total and irrecoverable loss of all sight in one eye” – S$20,000
e) “Total and irrecoverable loss of all sight in one eye” – S$10,000
f) “Total loss by physical severance at or above the wrist or ankle of one hand or one foot” – S$10,000
Note that you’ll be compensated under only ONE of the above categories. The claim is usually limited to ONE accident during the (one-year) period of insurance you have with your insurer.
On top of the above coverage, passengers of your vehicle are also covered up to half of the amount for each category stated above.
As with all other insurance coverage, the insurer will not pay under certain circumstances. These include intentional, self-inflicted injury, suicide (even attempted suicide), physical (or mental) defect/infirmity, and drunk driving or driving under the influence of drugs.
Click Here to go back to Motor Insurance Singapore Home
Friends Who Read the Above Article Also Read:
- Third-Party, Fire and Theft Insurance
- Do You Know What To Do In A Car Accident?
- Third-Party Only Motor Insurance
- Comprehensive Policy
- What is the Meaning of “Excess”?
- Car Insurance Terms That Can Save You Money
- Cover Notes
- Certificate of Insurance
- Liberty Insurance – Summary of Main Benefits (Authorized Workshops)
- EQ Insurance (Classic) – Summary of Main Benefits (Authorized Workshops)
- Third-Party, Fire and Theft Insurance
- Do You Know What To Do In A Car Accident?
- Third-Party Only Motor Insurance
- Comprehensive Policy
- What is the Meaning of “Excess”?
- Car Insurance Terms That Can Save You Money
- Cover Notes
- Certificate of Insurance
- Liberty Insurance – Summary of Main Benefits (Authorized Workshops)
- EQ Insurance (Classic) – Summary of Main Benefits (Authorized Workshops)
Friends Who Read the Above Article Also Read:
July 6th, 2009 at 9:51 am
I think some companies actually give slightly higher compensation if I don’t remember wrongly. However these are not really big amounts, so no big deal…perhaps just get the insurer with lowest quote will do. =)