Wednesday, March 19, 2008

Personal Accident Plan - AccCare Plus II



Personal Accident (PA) plans maybe overlooked during financial planning. Although Personal Accident plans form a small portion of the entire risk management portfolio, it is recommended to be included, as it's coverage includes total and partial disability. Normal insurance plans only provides coverage for TPD (Total Permanent Disability)

AccidentCare Plus II also covers
hazardous activities/sports
Mishaps that occur during hazardous activities like mountaineering, scuba-diving, parachuting, martial arts, motorcycling or military or policy service of a peace-time nature, are eligible for claims at up to 50% of the state benefit payment. ** However, no benefits will be payable if losses occurred while engaging the activities in a professional capacity

Below is a brief intro of the Personal Accident Plan

AccidentCare Plus II


Overview
Protect yourself and your family from the financial burden of a sudden accident with Great Eastern Life’s yearly renewable personal accident insurance policy, AccidentCare Plus II.

This flexible policy allows you to tailor your coverage and premiums according to your budget and needs, and also provides 20% more coverage exclusively for women.

AccidentCare Plus II is available to anyone between the ages of 17 and 65, as well as to your children between the ages of 1 and 16.

Key-Benefits
The freedom to mix and match the types of benefits and level of coverage

Substantial payouts of up to 150% of the Capital Sum Insured for major permanent disablement depending on severity of loss

Weekly disability benefit for up to 104 weeks if you’re unable to work

Medical and hospitalisation benefits including daily hospital cash benefits for up to 180 days

24-hour worldwide protection

Terrorism coverage for death and total & permanent disablement.

20% more coverage for death, permanent disablement and hospitalisation benefit at no extra cost for women


The premium you pay depends on the Occupational Class you fall under:



Class I Persons engaged in professional, managerial, administrative, clerical and non-manual occupations in general
Class II Persons engaged in work of a supervisory nature and others not in Class I whose duties do not involve use of tools and machinery or are exposed to special hazards. Persons engaged in work involving substantial amount of traveling, e.g. salesmen.
Class III Persons engaged in manual work not of particularly hazardous nature but involving the use of tools and machinery.
Class IV Persons engaged in manual work involving the use of tools and machinery of a hazardous nature, e.g. welders.

Note:
This classification is for reference only. The exact Occupational Class will be determined by the Company.



For free quotation, please fill up the coverage required using the form below, and fax to me at 6417-5522, Attention to "Melvin Lim" please. Thanks. I will revert to your request asap.

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