PGI Personal Accident Insurance 2

Question 1

What is 'weekly indemnity' or 'temporary disability' benefit in Singapore PA insurance?

Accepted Answer

A weekly cash benefit paid when the insured is temporarily unable to work due to an accident, typically up to 104 weeks

Answer

Weekly indemnity provides income replacement when the insured cannot work due to an accident. It pays a weekly amount (typically 60-75% of weekly income) for the duration of disability up to the policy limit.

Question 2

What does 'medical expenses reimbursement' cover in a Singapore PA policy?

Accepted Answer

Reimbursement of medical costs directly resulting from a covered accident, including hospitalisation, surgery, and follow-up treatment

Answer

Medical expenses reimbursement under PA covers accident-related treatment costs including emergency room visits, hospitalisation, surgery, medication, physiotherapy, and follow-up consultations.

Question 3

What activities are typically excluded from Singapore personal accident insurance?

Accepted Answer

Professional sports, hazardous activities (skydiving, motor racing), war/terrorism, self-inflicted injuries, and injuries while committing a crime

Answer

Standard PA policies exclude professional sports, extreme activities, war and terrorism, self-inflicted injuries, injuries from criminal activity, and injuries while under the influence of drugs or alcohol.

Question 4

What is a 'PA rider' attached to a life insurance policy in Singapore?

Accepted Answer

An additional benefit added to a base life insurance policy that provides extra coverage for accidental death or disability, usually doubling the payout

Answer

A PA rider (often called 'double indemnity') is added to a life insurance policy. If death results from an accident, the payout is doubled. The rider costs a small additional premium.

Question 5

How does group personal accident insurance work for Singapore employers?

Accepted Answer

Employers purchase a single policy covering all employees, usually as part of employee benefits; premiums are based on group characteristics rather than individual assessment

Answer

Group PA insurance provides accident coverage for all employees under one policy. It is typically cheaper per person than individual PA, requires no individual medical underwriting, and is a common employee benefit.

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PGI Personal Accident Insurance 2