Personal Accident

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Personal Accident Insurance Plan by Red Cover Life Planning is a protection plan that provides medical reimbursement in the event of injury, disability or death due to accidents.  A business would buy this to cover financial loss from the death or disability of a key person of the company from an accident.

Accidents

Accidents are unpredictable, and the impact on your investments can be severe.  However, with the right preparation, much of the strain can be relieved.  Accidents, also known as accidental injuries, are undesirable, incidental, and unplanned events that may be prevented if circumstances leading to the accident have been recognized, and taken action, before the occurrence of the incident.

Accidents are accidental events caused and are inevitable. For example, if a driver (protected under personal car insurance for injuries and loss due to negligence) intentionally drives the vehicle into a tree, injury or loss resulting from being insured.

Personal Accident Insurance Plan

Our Personal Accident Insurance Plan provides round-the-clock coverage, so you and your family will be assured of timely financial assistance should an accident happen.  Personal accident insurance can be provided in two ways:

• as a stand-alone policy – either individually or as part of a group policy, where an employer takes out the policy on behalf of its employees; or
• as a benefit included as part of another product – for example, with travel insurance or a bank account.

Most personal accident policies pay out lump sum benefits when the policy terms are satisfied – which usually means when the consumer dies or suffers bodily injury as a result of an accident or unforeseen event.  Policies usually state that the consumer is not covered if the death or injury is caused by “sickness, disease or any naturally occurring condition or process”.  To be met, the consumer’s claim must not fall within this or any other exclusion clause in the policy.

Generally, personal accident insurance policies cover as standard:

• death
• permanent total disablement; and
• loss of, or loss of use of, a specified body part (such as a limb)

Some policies also cover permanent partial disablement, temporary total disablement and/or temporary partial disablement.   But personal accident policies only offer protection against accidental death and bodily injury – and not against sickness or general disability, which may be covered by other types of insurances.

Personal Accident Policies

Full coverage of medicinal bills

If you get harmed due to an accident, you should not worry about the expense of medicine and treatment. We’ve got you covered by compensating you for the fees.

The medical compensation profit would double from your medical bills if you harmed while abroad that letting you get treatment overseas without worrying about the costs.

Backup during the critical

You will receive monthly payouts of 1% of your coverage amount for up to 100 months to support you get used to your new situation if an accident leaves you permanently disabled.

Should you pass away unexpectedly, your family will receive a payout to help get used to the tough times ahead.

Commission replacement guarantee

Losing source of income due to an accident can be suffering. If you cannot work because of total inability, you will gain 10% in the 6th month and another 90% of your coverage in the 12th month of disability.

Renewal bonus – 5% extra coverage

For the first five years, you can enjoy additional 5% coverage for accidental death and dismemberment benefit every time you renew your policy – because of we all like a little extra.

Option to boost your coverage

For the first five years, you can enjoy additional 5% coverage for accidental death and dismemberment benefit every time you renew your policy.

You have the opportunity to add to the following benefits to enhance your coverage :

• Weekly Indemnity Benefit – To receive payouts of up to 52 weeks per accident if you are incapable because of an unfortunate accident.
• Emergency Evacuation & Repatriation Benefit – We will take care of the cost of emergency medical evacuation and repatriation services of up to $100,000 if you are injured or ill while oversea.

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Levine Lee

Life Planner at Red Cover Life Planning

Levine Lee is an expert AIA insurance agent and life planner. She has over 14 years of working experience with AIA and ING Insurance as an insurance agent and life planner.This makes her efficient and effective to manage clients for AIA Group Insurance Plans, AIA Life Insurance and AIA Takaful policies.Based in Kuala Lumpur (KL) in the Klang Valley in Malaysia, Levine serves her customers all over Malaysia.And also corporate clients from overseas for their operations in Malaysia.

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