Do I need Personal Accident Insurance If I Have Health Insurance?
Wondering if you should purchase personal accident insurance if you already have health insurance in Thailand? Let’s take a look at some of the difference between the two policies.
Wondering if you should purchase personal accident insurance if you already have health insurance in Thailand? Let’s take a look at some of the difference between the two policies.
What makes health insurance and personal accident insurance different? To make it easier for you to understand both insurances we have summarised and simplified them in the section below:
A health insurance policy provides comprehensive financial coverage for any medical expenses incurred as a result of any illness, injury or other medical condition. It provides broader coverage because it covers a wide range of medical situations. Whereas personal accident insurance, only covers you in the event of an accident. If you need medical treatment that isn’t caused by accidents, you will not receive any compensation.
Both insurnacne policies can serve as a safety net in times of needs.
A personal accident insurance policy has a much lower premium than health insurance. Some insurers offer accident coverage or allow the insured to purchase OPD or additional accident add-ons. If your health insurance plan covers accidents. We recommend that you check your insurance policy to see if it covers all types of claims. These are a few examples:
If your health insurance policy does not cover them, you may need to purchase Personal Accident Insurance to get all of the important coverage and avoid future emergency expenses. This means that you must check not only the coverage condition but also the sum-insured to see if it is sufficient.
Choosing an insurance plan will provide you and your family with a solid foundation of protection against any problems that may arise along the way.
Pre-hospitalisation expenses cover any illness or medical condition that occurs 30 days before the insured person is admitted to the hospital, whereas post-hospitalisation expenses cover expenses incurred 60 days after the insured person is discharged from the hospital.
A health insurance policy will pay for both pre and post-hospitalisation expenses, but only for a limited number of days. Since personal accident insurance provides you with a lump sum amount, you are free to choose whether the money is used for pre and post-hospitalisation or for hospitalisation only.