Check out the most frequently asked questions about personal accident insurance in Thailand.
Personal Accident Insurance (PA) pays a one-time, lump-sum payment for specific injuries such as concussions or broken bones sustained in an accident that falls under your policy’s coverages. It is designed as a substitute package which means it is to be used in combination with but not as a replacement for a standard health insurance plan.
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.
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.
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:
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.
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.
Amount of Premium The policy premium is the amount that must be paid to the insurer on a regular basis in order for the insurance coverage to remain valid. The premium should be affordable and within your budget while reflecting the policy’s coverage. There should be a balance between the amount of coverage provided and the amount of premium charged.
Policy Coverage The policy should cover all of the daily activities that could result in an accident at home or at work. The greater the policy coverage, the better protected you are.
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 benefit. 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 If the policy excluded event is likely to happen as a result of your occupation or other factors, you should avoid purchasing such personal accident policies.
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.
Personal accident insurance offers various coverages that will help you in the event that you get into an accident. Here are the main coverages that personal accident insurance provides:
Cover for Permanent Total Disability The entire sum assured is paid to the person in the event of the insured’s permanent disability as a result of an accident.
Cover for Death In the event of the insured’s death, the sum assured will be paid to the beneficiary.
Cover for Permanent Partial Disability If the insured suffers permanent partial disability as a result of an accident, a percentage up to 100% of the sum assured is paid to the person depending on the extent of disability.
Cover for Accident Hospitalisation Hospitalization expenses incurred as a result of accidents that resulted in a claim for disablement or death are covered by this benefit.
Temporary Total Disablement Coverage In the event of temporary or total disablement, PA insurance will provide weekly benefits for accidents that result in home confinement for up to 104 weeks (As per schedule).
Cover for Transportation of Mortal Remains In the event of unintentional death, a large sum of money will be paid to the beneficiary to cover the cost of transporting mortal remains to the country of residence.
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.