Personal Accident Insurance FAQ
Check out the most frequently asked questions about personal accident insurance in Thailand.
What Is Personal Accident (PA) Insurance in Thailand?
Accidents happen when you least expect them, and that’s why personal accident insurance is essential. Whether you’re commuting to work, enjoying a weekend adventure, or simply going about your daily routine, having a safety net can make all the difference. But with so many options available, it’s natural to have questions.
Personal Accident Insurance is a type of insurance that covers the loss of life caused by accidents. When you purchase a PA policy in Thailand you will be covered 24 hours a day, seven days a week, for the duration of your coverage period, PA insurance protects you from death, loss of organs and eyesight, permanent disability and medical expenses.
Key Points
- Accidents can have a significant impact on a family’s future, but personal accident insurance can help you avoid financial problems.
- Personal accident insurance is a necessary insurance policy that is specifically designed to protect you from any accident-related damages.
- Personal accident insurance should be considered by anyone who is at a high risk of accidents.
Why Is It Necessary To Purchase Personal Accident Insurance In Thailand?
Accidents and unforeseen situations do happen, but other types of insurance may not cover them. For example, if you have car insurance but gets injured while riding in someone else’s car, you might need to have an active personal accident policy in order to make a claim. You may also have a travel insurance policy that covers you for a specific trip outside of Thailand, but it may not cover you for accidents that occur in your home country. Personal accident insurance, on the other hand, would cover you in the event of an accident both at home and abroad.
Is Personal Accident Insurance Only For Car Accidents, Or Does It Also Cover Other Accidents?
Personal accident insurance covers general accidents, including those caused by riding or being a passenger on a motorcycle, but there are some exclusions, such as:
- Accidents caused by the influence of alcohol, narcotic substance or narcotic drugs that impairs mental stability.
- Accidents caused by self-inflicted injury.
- Terrorist-caused accidents.
Keep in mind, however, that the inclusions and exclusions in the coverage are subject to the terms of each insurance plan.
Personal accident insurance is to protect you against temporary and permanent income loss caused by accidents.
What Should You Look For When Buying a Personal Accident Policy?
Below are several factors you need to consider when choosing personal accident insurance:
Type of Plan
The first thing you need to consider is the type of plan, depending on your needs, you can purchase personal accident insurance as an individual or as a family policy. When purchasing a family plan make sure that the policy protects your family from accidents that may occur while performing daily activities.
Coverage Scope
Examine the policy’s coverage details. Ensure it includes medical expenses, disability benefits, and accidental death compensation. These elements form the core of a comprehensive personal accident policy.
Policy Limits
Check the policy limits for each coverage aspect. Compare these limits across multiple insurers to find the most beneficial options. Higher limits provide better financial protection.
Insurer’s Credibility
When choosing a personal accident policy, the insurance company’s reputation is also important to consider. Most people look for insurers’ claim settlement, track record attests to their professionalism and dependability.
Benefits Covered
Most policies include benefits such as permanent total disablement, permanent partial disablement, and accidental death benefits. It is important to ensure that the plan covers ambulance and hospital expenses.
International Coverage
Look for a personal accident insurance policy that will cover you even though you travel to other countries.
Benefits to Your Family
Find out what benefits are available to your family members in the event of a fatal or permanent disability accident.
Limits and Exclusions
Read the exclusions section carefully. Policies often exclude specific scenarios like self-inflicted injuries, war-related incidents, or injuries sustained from engaging in illegal activities. Be aware of these to avoid surprises during claims.
Evaluate the premium costs in relation to the coverage offered. Look for policies that balance affordability with adequate protection. Cheaper premiums might offer limited benefits.
Riders and Add-ons
Consider additional riders or add-ons that enhance your policy. Common examples include hospital cash benefit, critical illness cover, and fracture cover. These provide additional security and flexibility.
Claim Process
Learn about the claim procedure to ensure that it is as simple and quick, also make sure that you review what documents are required when making a claim, such as, FIR, medical certificates and many more.
In the event of an unintentional death, personal accident insurance can compensate your beneficiary with a lump sum of money.
What Coverage Does Personal Accident Insurance Provide?
Personal Accident Insurance offers various coverage benefits designed to protect against unexpected incidents. Here’s what you can expect your policy to cover:
Accidental Death Benefit: Policies pay out a lump sum to your beneficiaries if you die due to an accident. This ensures your family is financially supported.
Permanent Disability: Coverage includes financial support if an accident results in permanent disability. Both total and partial disabilities are often covered, with payouts based on the severity.
Temporary Disability: If an accident leads to temporary total or partial disability, you receive weekly payouts to compensate for lost income during your recovery period.
Medical Expenses: Policies cover medical costs resulting from an accident. This includes hospitalisation, surgery, prescriptions, and follow-up treatments. Coverage limits vary between insurers.
Hospital Cash Benefit: You may receive a daily cash allowance if hospitalised due to an accident. This helps cover ancillary expenses not included in standard medical cover.
Accidental Dismemberment: If you lose a limb or suffer a severe injury leading to dismemberment, your policy compensates you with a lump sum. Payouts depend on the nature and extent of the injury.
Emergency Evacuation: Some policies include emergency evacuation services if an accident occurs in a remote area. This ensures prompt medical attention is available.
Repatriation of Remains: If an accident results in loss of life while you’re abroad, the policy covers the cost of returning your remains to your home country.
How To File a Claim Under Personal Accident Insurance?
Here’s a step-by-step guide to filing a claim with personal accident insurance:
Fill Out a Claim Form
To obtain a claim form, contact the insurance company at the number provided by the company, you can also send an email to the insurance company as soon as possible. Within two business days, they will send you the claim form.
Submit the Claim Form
You can send the claim form and supporting documents to the insurance company’s address. If your claim is accepted, you will receive a check through the mail.